Solana NFT sales drop by 21% after OpenSea integration

Solana NFT sales drop by 21% after OpenSea integration

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Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours

See related article: OpenSea’s Solana NFT integration, long rumored, is now real

Fast facts

  • While Ethereum continues to host the largest number of NFTs, Solana proponents argue that it is a cheaper, faster, and more energy-efficient alternative. 
  • Ethereum-based NFT sales were also down by over 27% in the past 24 hours, according to CryptoSlam data.  
  • Solana has become the fourth blockchain on OpenSea, following Ethereum, Polygon, and Klatyn.
  • OpenSea integration challenges Magic Eden’s dominance of Solana, the leading NFT marketplace on the blockchain. 
  • Magic Eden handles over 90% of NFT sales on Solana. 

See related article: What is OpenSea and why is everyone talking about it?



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