- DappRadar has printed a report on NFT gross sales and buying and selling volumes.
- The report reveals that Solana ranks highest among the many high NFT blockchains by way of buying and selling quantity.
- Solana competes with Polygon, which dominates 26.9% of NFT gross sales.
DappRadar’s newest NFT report exhibits that Ethereum’s dominance of the NFT market relating to NFT gross sales has dropped to simply 5.7%. DappRadar additionally identified that Ethereum’s decline in NFT gross sales dominance exhibits that the blockchain is primarily being utilized by the NFT aristocracy.
The report reveals that Solana is correct behind Ethereum in second place with 22.7 million. USD commerce quantity. The Solana blockchain accounts for six.7% of all NFT buying and selling quantity. It additionally accounts for 13% of all NFT gross sales.
With a unprecedented 18.2 million USD buying and selling quantity and a powerful 26.9% dominant NFT gross sales, Polygon cemented its place as probably the most distinguished blockchain by way of gross sales.
This achievement is testomony to Polygon’s latest strategic choices because it has change into the popular alternative for a lot of Internet 2.0 initiatives in search of to launch NFT initiatives at a low price of entry. As well as, the Polygon ecosystem contains quite a few video games with NFT mechanics, comparable to Planet IX, The Sandbox, and Oath of Peak.
Polygon additionally turned the most well-liked blockchain in 2023. In accordance with NFT Information, Polygon’s reputation has elevated from 23% in 2022. to 41% in 2023 within the first quarter. It has additionally attracted some notable business gamers, together with Nike, Reddit and Starbucks.
Information from DappRadar additionally indicated that NFT gross sales might fall beneath $1 billion in Might. In accordance with the information, the commerce quantity at present quantities to 333 million. USD of two.3 million
