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Solana NFT Sales Drop By 21% After OpenSea Integration
Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours.
Muskaan T.
11:25 7th Apr, 2022
Markets

Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours.

While Ethereum continues to host the largest number of NFTs, Solana proponents argue that it is a cheaper, faster, and more energy-efficient alternative.

Ethereum-based NFT sales were also down by over 27% in the past 24 hours, according to CryptoSlam data.  

Solana has become the fourth blockchain on OpenSea, following Ethereum, Polygon, and Klatyn.

OpenSea integration challenges Magic Eden’s dominance of Solana, the leading NFT marketplace on the blockchain.

Magic Eden handles over 90% of NFT sales on Solana.

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