Thanks to NFT Mad Lads, Solana Ngacir Overtook Bitcoin and Ethereum

Unfortunately, Solana’s promotion as an “Ethereum killer” has been hit by a few snags, including a number of recent outages and slowdowns.

In February, a performance glitch resulted in problems with transactions and caused the validator, which verifies transactions on the blockchain, to restart the network to resolve the issue.

Solana also faced a setback in the NFT space earlier this year when two of its most popular collections, y00ts and DeGods, left the blockchain.

The Solana Foundation’s chief strategy officer, Austin Federa, has previously said he is not worried about the project being discontinued. Just a month after losing the collection, a new project, Mad Lads, is bringing fresh air back to the Solana NFT.

The collection, created by Web3 Coral company co-founded by Solana developer Armani Ferrante, launched this week.

The project has been the most traded NFT with the highest sales volume for the last seven days.

Compared to $11.4 million for Yuga Labs’ Bored Ape Yacht Club collection, Crypto Slam data records Mad Lads generated $17 million in sales over the last seven days.

This has helped the Solana blockchain to stay right above Polygon in transaction volume over the past week.