The NFT exchange helped to make a case for the future of blockchain gaming, with industry-wide trading volume hitting $2 billion in its first year. The platform has helped developers like Dapper Labs and even Polyarc use their games as test cases for how digital ownership can become synonymous with game play.
The “nft trading volume chart” is a chart that shows the total trading volume of NFTs on the Ethereum blockchain. The data is sourced from CoinMarketCap.
Solana, one of the only blockchain systems capable of competing with Ethereum, has topped $2 billion in total NFT sales. Solana has clearly placed itself in third position, despite being lightyears behind frontrunner Ethereum, with recent collections such as Trippin’ Ape Tribe and Okay Bears demonstrating that the blockchain remains a fertile avenue for constructing strong NFT ideas on.
Solana’s NFT trade volume was $2.35 billion on June 5th, according to the latest figures. According to DappRadar, the Degenerate Ape Academy NFT collection contributed the most to reaching this milestone, with about $129 million in transaction volume. Solana Monkey Business and Aurory, two more famous initiatives, have brought in $108 million and $82 million, respectively.
Although the news is encouraging and cause for celebration, the blockchain is still feeling the impacts of the 2022 Q2 bad market, as the market capitalization of its native asset $SOL plummeted by more than $14 billion last month. In May, Solana topped Ethereum’s NFT trading volume for the first time in a 24-hour period.
If Solana wants to be the most widely used blockchain, it still has a long way to go, as Ethereum’s Terraforms and Meebits collections each have four to five times the overall trade volume of Solana, while collections like BAYC, CryptoPunks, and dotdotdots each have trade volumes in and around $2 billion.
The “nfts sold on solana” is a crypto-asset trading platform that has been able to hit $2 billion in volume.
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