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While Solana’s initial dreams have been to compete with Ethereum within the DeFi realm, it has already started to branch its scalable tentacles into other Ethereum dominated sectors, specifically NFTs.
As the Solana ecosystem continues to expand, NFTs on Solana have similarly witnessed formidable growth as a category. Total NFT secondary sales volume on Solana has officially reached $650 million.
The top three NFT projects by secondary sales on Solana are Degen Apes, Solana Monkey Business, and Aurory. While secondary sales don’t include the initial sale of NFTs, secondary sales are arguably a healthier metric for evaluating the strength of an NFT project.
While Solana displays promising metrics in unique addresses (buyers and sellers) and a lower avg NFT sale price, Ethereum still dwarfs Solana in total NFT secondary volumes.
Still, Solana has become one of the top NFT blockchains by secondary trading in mere months and is rapidly approaching Flow in total secondary sales.
So while Ethereum remains the dominant NFT market leader today, Solana has begun to carve out its space within the NFT landscape.
ENS airdrop stats and claiming.
And, here we… go: Parachain auctions are live.
ConsenSys Q3 report: MetaMask has 10m Monthly active users 👀
The Solana Perpetuals Market is heating up
Video of the Week: How to Value Cryptoassets?
The State of DAOs by Nansen.
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