Smaller blockchains, including Cardano and Solana, have seen an increase in NFT sales in recent weeks, while Ethereum’s sales have slumped. Cardano briefly overtook Polygon as the fourth-most popular blockchain by NFT sales volume. Cardano and Solana see rise in NFT sales W...
- Smaller blockchains, including Cardano and Solana, have seen an increase in NFT sales in recent weeks, while Ethereum’s sales have slumped.
- Cardano briefly overtook Polygon as the fourth-most popular blockchain by NFT sales volume.
Cardano and Solana see rise in NFT sales
While Ethereum remains the most popular blockchain for minting NFTs, smaller blockchains have seen a bump in NFT sales in recent weeks. According to data from CryptoSlam, Cardano briefly overtook Polygon as the fourth-most popular blockchain by NFT sales volume early on Monday, before sliding back to sixth place.
However, Cardano’s sales were up 86% over the past 24 hours, largely driven by interest in two projects, Goofy Gophers and Spacebudz. Solana has also experienced a rise in NFT sales volume over the past seven days, with a jump in sales, unique buyers, and unique sellers on April 22 due to the release of Mad Lads.
Polygon experiences rise in NFT sales volume
Polygon has also seen a rise in NFT sales volume in recent days, driven largely by the migration of the Y00ts NFT collection from Solana to Polygon. This has been driving much of the movement on OpenSea and Magic Eden, according to a Dune dashboard compiled by NFT researcher Sealaunch.
In summary, while Ethereum remains the top choice for minting NFTs, smaller blockchains such as Cardano, Solana, and Polygon have seen a recent rise in NFT sales volume. Cardano briefly overtook Polygon as the fourth-most popular blockchain for NFT sales, while Solana’s sales volume has grown by 129% over the past seven days.
Meanwhile, Polygon has experienced a rise in NFT sales volume due to the migration of the Y00ts collection.