Solana Outperforms Ethereum in NFT Sales.
A major shift is taking place in the blockchain-based NFT sales space. While
#Ethereum has long dominated the NFT market, recent data points to a significant shift in Solana's favor. While Ethereum's sales dropped to 11 million 400 thousand dollars, Solana showed a remarkable performance with a sales volume of approximately 16 million dollars.
Although
#Bitcoin is not a direct player in the NFT space, it has made its mark on the market with sales reaching $13 million thanks to the popularity of Bitcoin Ordinals. This increase has contributed to Bitcoin surpassing its altcoin rivals in terms of total fees.
On the other hand, new players such as
#Polygon and
#ImmutableX started to take their place in the market with lower sales volumes of 1 million 500 thousand dollars and 942 thousand 113 dollars, respectively.
There is a significant increase in activity in Solana's NFT market, led by the platform called Tensor. Tensor captured nearly 60% of Solana's total NFT market share, surpassing Magic Eden with a monthly trading volume of approximately $1 million.
Solana's remarkable performance in
#NFT sales highlights its growing influence in the blockchain world, especially when compared to Ethereum. As the NFT market continues to evolve, Solana's resilience and emerging market positions it as a force that points to a promising future, challenging established players and reshaping the dynamics of digital asset transactions.
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