Solana NFT marketplaces have proven to be one of the fastest growing NFT marketplaces, after their number of users skyrocketed to 250,000 traders in just the months of April and May. This is according to data from Dune Analytics.
Solana NFTs Making Rounds As A Big Game Player
A key moment in the NFT world was perpetrated by Solana and Moonbirds. April recorded a 23% increase from available data in March which saw $6.3 billion made in Solana NFT trading volume during the month.
In a monthly report from DappRadar, that was just the third time the trading volume was in excess of $6 billion.
With almost $300 million made in sales of NFT, Solana NFTs contributed about 0.0047% to the total trading volume, and struck a monthly increase of 91%.
Solana (SOL) has gained in its place as one of NFT’s key players due to its performance speed, low gas fees and security. Its big status is further confirmed by its record of a large number of NFTs and projects spread across NFTs, Defis and even more.
Trending Stories
Coinbase NFT Vs Solana NFTs
With the growing success of NFTs, it’s not much of a surprise that Coinbase which is best known for being the second largest crypto exchange in the world has taken the initiative to launch its NFT platform too.
The company launched their NFT marketplace to the public on April 20th and according to a statistics on Dune Analytics, they’ve managed only a relatively meagre $688,688 in total earnings. Probably worse is the fact that the same data quoted the number of users to stand at just 1,287.
Despite launching on 20th April, it took until May 4th before the NFT marketplace was open to all and the same source stated a downward movement in the number of users.
OpenSea is known for being the largest NFT marketplace in the world and drawing a comparison between it and the fairly new established Coinbase marketplace, it’s made almost as much as $3.5 billion in volume of NFTs and with 350,000 users since Coinbase’s launch. That translates to over a 500,000% difference between the two.
An anonymous source with close ties to Coinbase questioned the data though. He argued the number of transactions was misunderstood for the number of users.
- Uniswap ($UNI) Surges 45% As Trading Fees Surpass Ethereum
- Ethereum Merge Delay? Developers Concerned Over Shadow Fork
- MINA Price Jumps By 20% Over This Announcement
- Bitcoin Mining Data Suggests More Price Dumps Ahead; Details
- This Bitcoin Bear Market Is Unlike Any Other, Here’s Why
- Here’s Why Shiba Inu Ecosystem Tokens’ Prices Are Shooting Up
- Goldman Sachs Likely to Raise $2 Billion To Acquire Celsius Assets, But Here’s the Catch
- Here’s Why SEC Chair Wants Single Rulebook For All Crypto Trading
- Huge Cardano Breakout Imminent After This Resistance Level?
- Shibarium To Launch Soon; How It Can Pump Shiba Inu Prices?
- Solana Price Analysis: SOL Price Rallying North With Eyes On $59
- XRP Price Analysis: Trendline Reversal Could Dump XRP Back to $0.3
- AXS Price Analysis: Rising AXS Price Aims To Reclaim $17.6 Mark
- Polygon Price Analysis: Can Trendline Breakout Lead MATIC to $0.75?
- ArbiSmart Price Analysis: RBIS Retests Multi-month Support; Buy this Dip?
- Waves Price Analysis: Emerging Pattern Threatens to Break $4.16 Support
- Apecoin Price Analysis: Trendline Fakeout Could Tumble APE by 25%
- Uniswap Price Analysis: Can Ongoing Recovery Carry UNI Price to $8?
- SHIB Price Analysis: $0.00001 Breakout Could Pump SHIB by 33%
- Graph Price Analysis: High Volume Reversal may Drive GRT to $0.15
