December 19, 2024

CryptoInfoNet

Cryptocurrency News

Solana Surpasses Ethereum and Bitcoin in NFT Adoption

How Solana flipped Ethereum, Bitcoin in NFT Adoption

Despite outshining BTC and ETH, SOL’s number of NFT sellers and buyers dropped. 
SOL was up by 4% in the last 24 hours, but a few metrics looked bearish. 

Solana [SOL], which nowadays has been in the limelight for its high network activity, has once again made an achievement in the NFT ecosystem.

The blockchain has managed to outshine top players like Bitcoin [BTC] and Ethereum [ETH] on a key front. In the meantime, its price action has also turned bullish. 

Solana’s promising NFT performance 

SolanaFloor, a popular X handle that posts updates related to the blockchain’s ecosystem, recently posted a tweet highlighting an interesting development.

As per the tweet, Solana outshined all other blockchains in terms of daily NFT blockchain user adoption. SOL’s number increased by almost 34% in the last 24 hours. Apart from SOL, Polygon [MATIC] and Ethereum made it to the top three on the same list.

AMBCrypto’s look at DappRadar’s data revealed that Frogana, Retardio Cousins, and SMB Gen2 were the top three NFT collections on Solana over the last 24 hours.

As per Sanrtiment’s data, SOL’s NFT trade count spiked last week. Its NFT trade volume in USD also increased over the past few days. 

Source link

#Solana #flipped #Ethereum #Bitcoin #NFT #Adoption

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.