Solana NFT Ecosystem’s September Growth Rivals Ethereum
Solana kicked off October with an hours-long service interruption — the blockchain’s 12th such outage in 2022 — an especially sour note, especially after a month of surging NFT mints and daily volumes rivaling Ethereum. Solana’s market share of the total trading volume rose from 7% to 24% in the last six weeks, according to Delphi Digital.
Solana in September posted higher daily trades volumes than Ethereum. The number of unique buyers increased by 34% month over month, according to data from Dune Analytics. Ethereum NFT volume may have decreased since April, but the newly-converted proof-of-stake blockchain is still the top dog when it comes to NFT sales. It houses — by far — the most blue-chip collections, including Bored Ape Yacht Club and Crypto Punks. Solana’s less-than-$200 trades and lower gas fees have enabled “more interaction and participation” than the Ethereum network, analytics platform Nansen reported.
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