• DappRadar launched a report on NFT buying and selling quantity and gross sales.
• The report reveals that Solana ranks first among the many greatest NFT blockchains when it comes to transaction quantity.
• Solana competes with Polygon, which holds a 26.9% dominance in NFT gross sales.

DappRadar’s newest NFT report exhibits that Ethereum’s dominance of the NFT market in NFT gross sales has dropped to only 5.7%. DappRadar additionally identified that Ethereum’s declining NFT gross sales dominance exhibits that the blockchain is primarily utilized by the NFT aristocracy.

The report reveals that Solana is second solely to Ethereum, taking second place with a transaction quantity of $22.7 million. The Solana blockchain accounts for six.7% of whole NFT transaction quantity. It additionally holds a 13% share of whole NFT gross sales.

With a exceptional transaction quantity of $18.2 million and a powerful dominance of 26.9% in NFT gross sales, Polygon has cemented its place as the most important blockchain when it comes to variety of gross sales.

This achievement is a testomony to current strategic choices by Polygon, which has grow to be the popular alternative for a lot of Internet 2.0 tasks aiming to launch NFT initiatives at a low value of entry. Moreover, Polygon’s ecosystem features a slew of video games incorporating NFT mechanics, similar to Planet IX, The Sandbox, and Oath of Peak.

Polygon has additionally grow to be the preferred blockchain in 2023 to date. Information from NFT Information exhibits that Polygon’s reputation has grown from 23% in 2022 to 41% within the first quarter of 2023. This has additionally attracted notable business gamers together with Nike, Reddit, and Starbucks.

Information from DappRadar additionally confirmed NFT gross sales may dip under $1 billion in Could. In line with the info, the buying and selling quantity at the moment stands at $333 million out of two.3 million gross sales.