Solana Third Most Active Blockchain After $1.6 Billion NFT Sales

Source : coinquora.com

  • Solana has risen to third place in all-time total NFT sales.
  • Solana’s network is gaining momentum among NFT traders as their sales soared above $1.6 billion.
  • Solana outperforms Ethereum in terms of price movement for the last 7 days.

Solana, the well-known Ethereum competitor, has risen to third place in all-time total NFT sales. This places Solana just behind Ronin and Ethereum.

Solana’s network is gaining momentum among non-fungible token (NFT) traders as their sales soared above $1.6 billion. This makes Solana the third most active blockchain in terms of sales volume.

Solana’s growing popularity is evident in the data provided by CryptoSlam. According to this data, Solana is now ranked second, behind Ethereum, in total sales over the last thirty days. Although Ethereum is still firmly in the lead, Solana is closing in and creating more distance from its competitors.

The traction Solana has gained thus far is expected to grow even more after the NFT marketplace, OpenSea, completes the integration with Solana later in April.

In other related news, Solana outperforms Ethereum in terms of price movement for the last 7 days, despite its price being down more than its competitor in the last 24 hours.

As can be seen from the chart above, Ethereum, currently ranked second in terms of market capitalization, has dropped by 4,89% in the last 24 hours. During the same period, Solana’s price has dropped by 6.07%.

According to CoinMarketCap, the picture looks a bit different when looking at the weekly statistics. Ethereum dropped 1.59% while Solana enjoyed a 11.31% climb.

As can also be seen on the chart, Ethereum’s market cap currently stands at $120,264,502. Solana currently has a market cap of $325,728,289.

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