Solana’s NFT Set Record Trading Volumes, beating Ethereum and Bitcoin

Solana, the open-source blockchain network, has once again confirmed its leading position in the NFT market with impressive trading volume growth. Recently, daily NFT sales on the platform reached $3.8 million, marking a 22.65% increase from the previous day. This surge has positioned Solana ahead of Ethereum and Bitcoin, making it the top blockchain network for non-fungible tokens.

According to data from cryptoslam.io, Ethereum holds second place with $3 million in sales, while Mythos Chain ranks third at $1.6 million. Interestingly, Bitcoin, despite the popularity of NFT collections like Ordinals, has also seen a drop in activity, with sales at $1.6 million — down 17% over the last 24 hours. Immutable rounds out the top five with a volume of $675,995.

As for the top NFT collection on Solana, Froganas, featuring 5,555 unique frog-inspired NFTs created by digital artist Teë, has taken center stage. Over the past week, Froganas NFT sales have totaled $5.7 million, making it the most popular collection within the Solana ecosystem and reflecting a 113.48% increase compared to the previous week.

This success underscores Solana's status as one of the most dynamic blockchain networks for NFTs, where interest in decentralized assets and digital art is rapidly rising. The impressive growth in trading volume and community support continue to strengthen its position within the crypto ecosystem, likely making Solana a prime spot for new collections and opportunities.

Do you think NFTs on Solana are a new trend?