- DappRadar has launched a report on NFT gross sales and buying and selling quantity.
- The report reveals that Solana ranks highest among the many prime NFT blockchains by transaction quantity.
- Solana will compete with Polygon, which has a 26.9% edge in NFT gross sales.
The most recent NFT report by DappRadar reveals that Ethereum’s dominance within the NFT market has dropped to only 5.7% by way of NFT turnover. DappRadar additionally pressured that Ethereum’s declining NFT gross sales dominance signifies that blockchain is primarily utilized by NFT aristocrats.
In response to the report, Solana sits proper behind Ethereum in second place with a buying and selling quantity of $22.7 million. The Solana blockchain accounts for his 6.7% of complete NFT buying and selling quantity. It additionally accounts for a 13% share of complete NFT gross sales.
Polygon has cemented its place as probably the most outstanding blockchain by way of gross sales numbers, with a staggering $18.2 million transaction quantity and a commanding 26.9% dominance in NFT gross sales.
This achievement is proof of Polygon’s latest strategic resolution because it has change into the popular alternative for a lot of Internet 2.0 tasks aimed toward launching NFT initiatives at a low price. Moreover, Polygon’s ecosystem contains quite a few video games that incorporate NFT mechanics, similar to Planet IX, The Sandbox, and Oath of Peak.
Polygon has additionally emerged as the most well-liked blockchain in 2023 to date. In response to knowledge from NFT Knowledge, Polygon’s recognition rose from 23% in 2022 to 41% within the first quarter of 2023. This has additionally attracted outstanding trade insiders similar to Nike, Reddit and Starbucks.
DappRadar knowledge additionally confirmed that Could NFT gross sales might fall beneath $1 billion. The information reveals that the present buying and selling quantity is $333 million out of two.3 million gross sales.
(Tag Translation) NFT Information