Solana (SOL) has recently experienced a significant surge in its value, doubling in price over the past month and reaching an 18-month high this week. However, it's not just SOL that is witnessing a positive trend; the leading NFT project on the Solana network has also seen a rapid increase in its value, with prices climbing more than 100% in just the past week.

Mad Lads, a Solana PFP project launched this year, has witnessed a remarkable 122% increase in its floor price over the past week, reaching 100 SOL (around $5,750), making it the top Solana NFT collection by floor price and market capitalization, which now exceeds $57 million, according to SolanaFloor data.

In a significant development, the price of Mad Lads NFTs even exceeded $6,000 worth of Solana this week. This not only highlighted the impressive price performance of these assets but also briefly surpassed the floor price of DeGods, which was previously the dominant Solana project before transitioning to Ethereum earlier this year.

While some Solana supporters celebrated Mad Lads' temporary victory, DeGods has reclaimed its top position with a current floor price of 3.15 ETH (around $6,200). Armani Ferrante, CEO of Coral, the creator of Mad Lads, believes that Mad Lads has injected new life into Solana's NFT space following DeGods' departure.

According to data from CryptoSlam, Mad Lads has recorded the third-highest trading volume among NFT projects in the past week, totaling approximately $6.9 million. Only Ethereum-based projects, the Bored Ape Yacht Club ($10.2 million) and CryptoPunks ($8 million), have achieved higher trading volumes during this period. DeGods, another Solana project, accumulated nearly $1.4 million in trading volume.

The surge in Mad Lads' popularity can be attributed to several factors. Aside from the growing enthusiasm surrounding Solana's recent price surge and the high demand among buyers to participate in its leading NFT collection, Coral also provided exclusive early access to its upcoming Backpack exchange. This exchange has received a license to operate in Dubai, further boosting the appeal of Mad Lads.