NFT: Solana collects records and distances the competition

Solana to dethrone Ethereum? – of NFT blockchain Solana continue to attract audiences despite a difficult, even inert, market. Better yet, here they beat one new record of the number of menthol in one day. regardless of some malfunctions, low transaction costs have attracted users to NFT mints and exchanges. Therefore, the bet of NFT enthusiasts betting on Solana is successful.

Explosive record: 313,380 NFT mined in 24 hours

On Saturday, September 7, the Solana blockchain registered it greater performance in terms of daily cut NFTs. It is in total 313 380 mint which are registered in 24 hourswithout forgetting trading volumes bordering on those of the Ethereum blockchain.

Volume of NFTs mined in Solana – Source: Block

When all eyes seemed directed Union and the opportunities it could offer, well-advised portfolios favored the speculation offered by Sam Bankman-Fried on Solana. The cause of this dazzling growth in mint? Mainly The Yoot Collection. that many expected, but also quite simply a collective enthusiasm.

In every time, trading volume of NFT on the Solana blockchain has been good lower that of the mentioned competitors. To tell the truth, “competition” It was mainly between 3 chains: Ethereum, Solana and Ronin.

Since, Ronin, the blockchain dedicated to the game Axie Infinity, lost its luster due to the bad news that accumulated games to win. She finally found herself in the key. That leaves Solana who can be described as challenging. However, Ethereum definitely stay unconquerable for its NFT trading volumes.

>> Hesitating between Solana and Ethereum? Both will earn you 8% in FTX (commercial links) <

Solana is well protected despite the bear market

However, despite the bear market hitting the NFT market in particular, the volume of trades and mints continues Solana demonstrates a strong endurance. Indeed, compared to her highest score, Solana recorded one dwindle of its volumes of approx 50%. The Ethereum network displays volumes, not divided by 2, but by 20.

Of course, this comparison remains relative due to the astronomical volumes that Vitalik Buterin’s network was able to capture. Still, the find is great enough for Solana.

Have you found faith?

According to tell e Zhuoxun “Mr” Yinco-founder of the marketplace Magic Eden, the facts show that Solana is not a second-round pick. Its ecosystem is strong:

“I think people are realizing that Solana is still quite liquid as an NFT market despite the bear market. (…) [Cela] went quite well, resulting in a new wave of mining/trading. »

It is also important to mention the fact that the overall quality of NFT Solana projects tends to improve. Clearly, doing better in terms of the quality of the collections was not really a test. But in hard times, customer base it is inevitably done more demanding. She is (almost) no longer satisfied with ugly and useless NFTs.

Despite technical difficulties, blockchain ignores criticism and withdrawn undeniable a large audience. One thing leads to another, competition between its various NFT markets and the manifestation of the bear market have slightly raised the quality of the projects. Accompanied by almost negligible transaction costs, the phenomenon creates the recipe for a collective interest. A few failures are not that much of an obstacle to conquering the NFT market.

SOL is still far from the ceiling, but its ecosystem endures! Register without delay on the FTX reference platform. In addition, you benefit from a return of up to 8% on all your crypto assets (trade link, see terms on the official website).

Leave a Comment