- DappRadar launched a report on NFT buying and selling quantity and gross sales.
- The report unveils who ranks first among the many finest NFT blockchains by way of transaction quantity.
- Solana competes with Polygon, which holds a 26.9% dominance in NFT gross sales.
DappRadar’s newest NFT report reveals that Ethereum’s dominance of the NFT market in NFT gross sales has dropped to simply 5.7%. DappRadar additionally identified that Ethereum’s declining NFT gross sales dominance reveals that the blockchain is primarily utilized by the NFT aristocracy.
The report reveals that Solana is shut behind, taking second place with a buying and selling quantity of $22.7 million. The Solana blockchain accounts for six.7% of complete NFT transaction quantity. It additionally holds a 13% share of complete NFT gross sales.
With a exceptional transaction quantity of $18.2 million and a formidable dominance of 26.9% in NFT gross sales, Polygon has cemented its place as the most important blockchain by way of variety of gross sales.
This achievement is a testomony to latest strategic choices by Polygon, which has develop into 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, equivalent to Planet IX, The Sandbox, and Oath of Peak.
Polygon has additionally develop into the most well-liked blockchain in 2023 to this point. Information from NFT Information reveals that Polygon’s reputation has elevated from 23% in 2022 to 41% in Q1 2023. This has additionally attracted some notable trade gamers together with Nike (NYSE:), Reddit and Starbucks (NASDAQ:).
Information from DappRadar additionally confirmed NFT gross sales might dip under $1 billion in Could. In accordance with the information, the buying and selling quantity at present stands at $333 million out of two.3 million gross sales.
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