CMC increases Solana NFT coverage and accuracy, powered by NFT API - Zash
- What you need to know
- Why Solana NFTs?
- What does API do?
- Who are Zash?
What you need to know
Using Zash’s NFT API, CoinMarketCap will provide a more comprehensive coverage of Solana NFT data from a wider range of marketplaces with increased accuracy.
Accurate and reliable NFT data is essential for fostering trust, transparency, and confidence in the web3 industry, forming a stable foundation to build innovative products and services.
Click here to see the API in action, live on CoinMarketCap’s site (filter by Solana)
Why Solana NFTs?
Solana's emergence as a leading blockchain protocol for NFTs has been underpinned by its fast transaction speeds and low fees. It is further underscored by the success of its bluechip NFT collections, which have propelled the blockchain to the forefront of the NFT sector (Degen Ape Academy, DeGods, Solana Monkey Business, Okay Bears, y00ts etc). On multiple occasions, Solana has dethroned Ethereum, overtaking the competitor in daily trading volume on several occasions.
When taking a snapshot of the last 12 months, Solana exhibited a local high at the turn of the year, posting a volume of 3,035,000 SOL on the week starting Jan 1st. Focusing on this 7 day period, familiar faces such as DeGods, y00ts and Okay Bears were the main drivers of this volume surge, as seen in the top 10 collections by volume.
Solana’s attributes support both decentralised exchanges and DeFi projects. As DeFi coalesced with NFTs (forming “NFTfi”) there has been an emergence of Solana NFT lending protocols. SharkyFi has surfaced as a leader in the space providing Solana NFT holders with a route to instant liquidity, earning yield and accessing financial instruments that users are accustomed to in TradFi.
What does the API do?
Zash’s API allows the display of NFT rankings, floor prices and analytics. Zash coverage currently provides data across over 70 marketplaces, 18 of which relate to Solana, spanning 63k collections and 38M NFTs. The API currently has 28 endpoints and can showcase top whales, rarity traits, mints, holder trends, market distribution, wash trading and more.
Zash is the leading NFT data infrastructure and intelligence API, seamlessly handling the ever-changing complexities of NFT indexing. Including, splitting of bundled trades, converting settlement currencies, aggregator attribution, wash trading detection and varying ERC standards. The team deploys advanced data science techniques to do automatic quality checks against other blockchain data sources to make it the most accurate provider in the space.
Superior market coverage is exhibited in the dataset, which indexes over 820k+ NFT collections and 70+ marketplaces across Ethereum, Polygon, Solana and BNB chain. Layer 2 protocols and further product releases are soon to follow.
If you would like to dig deeper into our multi-chain data, dive in here: