• DappRadar has launched a report on NFT gross sales and buying and selling quantity.
• The report reveals that it ranks highest among the many prime NFT blockchains by transaction quantity.
• Solana will compete with Polygon, which has a 26.9% edge in NFT gross sales.

The most recent NFT report by DappRadar reveals that Ethereum’s dominance within the NFT market has dropped to only 5.7% when it comes to NFT turnover. DappRadar additionally burdened that Ethereum’s declining NFT gross sales dominance signifies that blockchain is primarily utilized by NFT aristocrats.

Based on the report, Solana is correct behind , with $22.7 million buying and selling quantity in second place. The Solana blockchain accounts for his 6.7% of whole NFT buying and selling quantity. It additionally accounts for a 13% share of whole NFT gross sales.

Polygon has cemented its place as probably the most distinguished blockchain when it comes to gross sales numbers, with a staggering $18.2 million transaction quantity and a commanding 26.9% dominance in NFT gross sales.

This achievement is proof of Polygon’s current strategic determination because it has change into the popular alternative for a lot of Internet 2.0 tasks geared toward launching NFT initiatives at a low value. Moreover, Polygon’s ecosystem contains quite a few video games that incorporate NFT mechanics, resembling Planet IX, The Sandbox, and Oath of Peak.

Polygon has additionally emerged as the most well-liked blockchain in 2023 up to now. Based on knowledge from NFT Information, Polygon’s reputation rose from 23% in 2022 to 41% within the first quarter of 2023. This has additionally attracted distinguished business insiders resembling: Nike (NYSE:), Reddit, Starbucks (NASDAQ:).

DappRadar knowledge additionally confirmed that Could NFT gross sales might fall beneath $1 billion. The information reveals that the present buying and selling quantity is $333 million out of two.3 million gross sales.

This text was initially revealed in Solana vs. Polygon: High NFT Blockchains by Buying and selling Quantity Coin Version.

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