Solana NFT surpasses Ethereum NFT volume to become number 1 chain for the first time

11 months ago 93

First ETH chain exceeded

The trading volume of NFTs based on the Solana blockchain exceeded the trading volume of NFTs on the Ethereum blockchain for the first time on a 24-hour basis. This was revealed by CryptoSlam data.

Source: CryptoSlam

According to the data, the trading volume of Ethereum NFTs in the past 24 hours was $25,761,006, but $12,161,638 of that falls under “wash trades”, making the actual trading volume $13,599,368, exceeding Solana’s trading volume of $14,798,983. It was done.

Also, 3rd place is Bitcoin, 4th place is Polygon, and 5th place is Arbitrum.

connection:Bitcoin rise pauses, major alts are Ethereum up 5.6% from the previous day, Solana (SOL) up 12.1%

The background is

The trading volume of Solana NFT has continued to increase as the price of Solana (SOL) has recovered significantly since late October, and interest and capital inflows from users of other chains have increased again.

The prices of representative NFT collections such as MadLads, Tensorians, and Claynosaurz increased several times, pushing up the scale of Solana NFTs.

Source: Tensor

In addition, with the recent airdrops of Solana-related projects such as PYTH, JUP, and JTO being carried out one after another, there is also active activity aimed at the future token release of the NFT marketplace “Tensor”, which has not yet released its own token. This is also said to be one of the reasons for the increase in trading volume.

connection: Solana DeFi “Kamino Finance” plans to launch point system for future airdrops

Solana’s price was $73.69, increasing by 9.2% from the previous day.

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The post Solana NFT surpasses Ethereum NFT volume to become number 1 chain for the first time appeared first on Our Bitcoin News.

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