Solana [SOL] continued to dominate the NFT ecosystem last month on a particular front as it outshines Bitcoin and Ethereum.
Solana outshines Bitcoin and Ethereum in terms of unique NFT traders in the last 30 days, but the trend changed.Let’s dive deep into these blockchains’ performances in the NFT space to better understand who is actually leading the market.
As per the tweet, SOL was the market leader last month in terms of the total number of unique traders, as its number touched 308k.Solana also outshines the rest with a whopping 5.2 million monthly NFT transactions. On the other hand, BTC and ETH’s numbers stood at 550k and 437k, respectively.revealed that STEPN, Mad Lads, and Famous Fox Federation were the top 3 NFT collections on Solana in the last 30 days.
It was interesting to note that despite topping the chart, Solana’s monthly NFT sales volume dropped by more than 40%. AMBCryptoHowever, a similar decline trend was also noted on BTC and ETH’s NFT sales volume, as they fell by 62% and 52%, respectively.Things changed in the past seven days in terms of growth as ETH outperformed the rest. CRYPTOSLAM’s data revealed that ETH’s NFT sales volume increased by 17% last week.n the meantime, SOL and BTC’s numbers dropped by 18% and 37%, respectively.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana beats Ethereum: Time to ditch ETH for SOL?Solana has seen more activities than Ethereum in the last few days, with the former seeing its active addresses in millions.
Read more »
Can Solana reignite ‘Solana Summer’ amid price stagnation?Solana [SOL] has been the cryptocurrency market’s best performer in the past year.
Read more »
Solana ETF hype: Checking the impact on Solana’s memecoinsThe current Solana memecoin frenzy and increasing investor sentiment for Solana suggest a positive impact on Solana-based memecoins.
Read more »
How Solana’s NFT market surpassed Ethereum’s – A 30-day snapshotSolana [SOL] has once again dominated its competitors like Ethereum [ETH] in the NFT space over the past month. Now, while this seems...
Read more »
Are Ethereum, BNB, and Solana poised to lead the next altcoin rally?As Ethereum [ETH] ETFs get approved, several speculate that the market will turn bullish, but the opposite was happening with altcoins like
Read more »
Could Solana be next in line for a spot ETF after Ethereum?Amidst the possibility of an ETH ETF approval soon, CNBC ‘Fast Money’ trader Brian Kelly suggests SOL ETF as to be next in line.
Read more »