Doodles NFT collection achieves $16 million weekly trading volume after announcing $DOODS, a Solana-based meme coin.
This marks the collection's second-highest trading peak in 2024, demonstrating the trend of Ethereum NFT projects expanding into Solana's memecoin ecosystem.
The strategic shift towards a dual-chain approach helps NFT projects maintain their collections on Ethereum while leveraging Solana's trading benefits.
The migration to Solana is driven by practical factors, such as Ethereum's high transaction fees and Solana's established memecoin ecosystem.