Solana vs. Polygon: Top NFT Blockchains by Trading Volume By ...



  • DappRadar released a report on NFT sales and trading volume.
  • The report unveils that Solana ranks highest for top NFT blockchains by trading volume.
  • Solana competes with Polygon, which has a 26.9% dominance over NFT sales.

The latest NFT report by DappRadar shows that Ethereum’s dominance of the NFT market when it comes to NFT sales has slipped to just 5.7%. DappRadar also highlighted that the drop in Ethereum’s NFT sales dominance shows that the blockchain is primarily used by the NFT aristocracy.

The report reveals that Solana is right behind Ethereum, bagging the second spot with a trading volume of $22.7 million. The Solana blockchain represents 6.7% of the total NFT trading volume. It also has a 13% share of total NFT sales.


With a remarkable trading volume of $18.2 million and an impressive 26.9% dominance in NFT sales, Polygon has solidified its position as the most prominent blockchain in terms of sales count.

This achievement is a testament to Polygon’s recent strategic decisions, as it has become the preferred choice for numerous Web 2.0 projects aiming to launch NFT initiatives at a low entry price. Additionally, Polygon’s ecosystem includes a multitude of games incorporating NFT mechanics, such as Planet IX, The Sandbox, and Oath of Peak.

Polygon has also emerged as the most popular blockchain in 2023 so far. The data from NFT Data shows that Polygon’s popularity went up from 23% in 2022 to 41% in Q1 2023. This has also attracted some notable industry players, including Nike (NYSE:NKE), Reddit, and Starbucks (NASDAQ:SBUX).


The DappRadar data also showed that NFT sales could drop below $1 billion in May. According to the data, the trading volume currently stands at $333 million from 2.3 million sales.

The post Solana vs. Polygon: Top NFT Blockchains by Trading Volume appeared first on Coin Edition.



Source : [Solana vs. Polygon: Top NFT Blockchains by Trading Volume By ...]( undefined - NFT Trading Volume• / May 19, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.