Latest News

After integrating with OpenSea, Solana NFT sales dropped by 21%

The Solana blockchain’s non-fungible tokens (NFTs) have been formally moored on OpenSea, but sales have decreased by nearly 21% in the last 24 hours.

While Ethereum continues to host the most NFTs, proponents of Solana believe that it is a more cost-effective, quicker, and energy-efficient option.

According to CryptoSlam data, Ethereum-based NFT sales have dropped by over 27% in the last 24 hours.

Following Ethereum, Polygon, and Klatyn, Solana has become the fourth blockchain on OpenSea.

Magic Eden’s dominance of Solana, the leading NFT marketplace on the blockchain, is being challenged by OpenSea integration.
On Solana, Magic Eden handles approximately 90% of NFT sales.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.