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Doodles NFT Hits $16M Weekly Volume Following Memecoin Announcement

  • 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.

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