© Reuters. Solana Falls Behind Polygon in Terms of NFT Trading Volume
U.Today – The blockchain platform has a dip in NFT gross sales, trailing behind its competitor, Polygon.
In response to the newest information, Solana’s NFT buying and selling quantity has decreased by 17.17%, totaling $4.5 million in gross sales. This downturn contrasts starkly with Polygon’s notable improve in buying and selling exercise, which has seen an 84.94% surge, reaching $9 million in gross sales.
and in lead
The NFT market is witnessing dynamic shifts, with Ethereum sustaining its prime place, boasting $13.4 million in gross sales, marking a 29.65% improve.
In the meantime, Bitcoin, typically much less related to NFT transactions, has held regular with $13,016,115 in gross sales regardless of an 18.52% decline.
The 30-day for NFTs reveal Bitcoin’s dominance with gross sales reaching practically $872.7 million, and Ethereum’s lively market at over $709.7 million, regardless of a excessive wash buying and selling quantity. Solana and Polygon additionally present important exercise, with whole gross sales of roughly $334 million and $99.4 million, respectively.
Solana’s massive month
Regardless of the present dip, it is very important acknowledge Solana’s important achievements in the latest previous.
In December 2023, Solana unexpectedly topped Ethereum’s month-to-month NFT gross sales quantity, in response to CryptoSlam, with roughly $366.5 million value of Solana NFTs offered in comparison with Ethereum’s $353.2 million.
This was a stunning twist given Ethereum’s longstanding dominance in the house. The surge in gross sales for Solana was attributed to a mixture of elements, together with a considerable improve in distinctive patrons and sellers.