Ethereum

Solana

Bitcoin

Polygon

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<p>The blockchain platform Solana has <a href="https://twitter.com/TodayInPolygon/status/1743832064363761957" rel="noopener noreferrer nofollow">experienced</a> a dip in NFT sales, trailing behind its competitor, Polygon.</p>
<p>According to the latest data, Solana's NFT trading volume has decreased by 17.17%, totaling $4.5 million in sales. This downturn contrasts starkly with Polygon's notable increase in trading activity, which has seen an 84.94% surge, reaching $9 million in sales.</p>
<h2 id="bitcoin-and-ethereum-in-lead">Bitcoin and Ethereum in lead</h2>
<p>The NFT marketplace is witnessing dynamic shifts, with Ethereum maintaining its top position, boasting $13.4 million in sales, marking a 29.65% increase.</p>
<p>Meanwhile, Bitcoin, often less associated with NFT transactions, has held steady with $13,016,115 in sales despite an 18.52% decline.</p>
<p>The 30-day <a href="https://www.cryptoslam.io/" rel="noopener noreferrer nofollow">volume data</a> for NFTs reveal Bitcoin's dominance with sales reaching nearly $872.7 million, and Ethereum's active market at over $709.7 million, despite a high wash trading volume. Solana and Polygon also show significant activity, with total sales of approximately $334 million and $99.4 million, respectively.</p>
<h2 id="solana-s-big-month">Solana's big month</h2>
<p>Despite the current dip, it is important to acknowledge Solana's significant achievements in the recent past.</p>
<p>In December 2023, Solana unexpectedly topped Ethereum's monthly NFT sales volume, according to CryptoSlam, with approximately $366.5 million worth of Solana NFTs sold compared to Ethereum's $353.2 million.</p>
<p>This was a surprising twist given Ethereum's longstanding dominance in the space. The surge in sales for Solana was attributed to a combination of factors, including a substantial increase in unique buyers and sellers.</p>

Solana Falls Behind Polygon in Terms of NFT Trading Volume

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