Solana and Moonbirds help NFT market reach $6.3B monthly trading volume
Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month. Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.3 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history.
Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase.
Many new hyped NFT projects also contributed to the growing trading volume, especially Otherdeeds, which generated $760 million within 24 hours. The success of Otherdeeds turned out to be bittersweet, as it led to high gas fees of up to 2.5 Ether (ETH) at the time of minting. The daily unique active wallet count interacting with decentralized apps reached 2.36 million in April, a slight 0.2% increase from March. BNB Chain and Wax saw the highest average number of wallets connected, with 568,000 and 492,000 daily unique active wallets, respectively.
While the NFT market made a remarkable recovery, the total value locked in decentralized finance dipped 12% due to volatile token prices. However, Terra defied the common market trend to register a 15% surge in TVL dominance, with a total of $30 billion locked in the protocol.
Falling TVLs and volatile token prices didn’t prevent the DeFi market from continuing its expansion, with the ecosystem registering remarkable growth beyond the Ethereum blockchain. Ethereum’s TVL dominance declined from 94% a year ago to 59% in April. Blockchain games continued their dominance in April despite major breaches such as the hack of Axie Infinity’s Ronin bridge. Gaming DApps accounted for 52% of the industry’s unique active wallets. Major gaming blockchain networks such as Polygon and BNB Chain also topped the chart of on-chain activity.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 88% | 13 | $61 905.09 | -0.95% | -1.06% | $1 219 437 138 238 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 86.4% | 22 | $2 902.93 | -1.13% | -3.58% | $348 690 981 461 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $0.999502 | 0.03% | -0.05% | $110 791 698 245 |  |
|
| 4 |  BNB |
Binance Coin predictions | 86.8% | 15 | $569.49 | -3.40% | -2.57% | $84 049 849 901 |  |
|
| 5 |  SOL |
Solana predictions | 82.4% | 28 | $143.60 | -2.56% | -2.52% | $64 426 104 504 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.2% | 1 | $0.999944 | 0.03% | -0.01% | $32 868 140 786 |  |
|
| 7 |  XRP |
XRP predictions | 90.4% | 14 | $0.502079 | -0.90% | -3.68% | $27 794 667 803 |  |
|
| 8 |  TON |
Toncoin predictions | 70.8% | 62 | $6.96 | -2.78% | 20.31% | $24 172 779 212 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 82% | 34 | $0.146103 | -2.60% | -2.69% | $21 082 010 558 |  |
|
| 10 |  ADA |
Cardano predictions | 87.2% | 19 | $0.428926 | -1.55% | -2.93% | $15 300 175 121 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 74.4% | 45 | $0.000023 | -1.64% | 0.19% | $13 587 813 360 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.4% | 34 | $32.12 | -0.45% | -7.91% | $12 269 638 678 |  |
|
| 13 |  TRX |
TRON predictions | 78.8% | 40 | $0.125324 | -0.16% | 3.18% | $10 961 905 101 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 74.4% | 42 | $0.125011 | -0.54% | 3.22% | $10 934 548 229 |  |
|
| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
