Bitcoin

Polygon

Solana

<ul><li>Solana&#39;s $2M monthly NFT royalties solidify its dominance with a 53% market share, outpacing major competitors.</li><li>With fast transactions and low fees, Solana attracts more NFT users, challenging Ethereum&#39;s early lead in the market.</li><li>New blockchain contenders like Base emerge, but Solana remains the top choice, highlighting shifting NFT market dynamics.</li></ul>Solana has once again proven its dominance in the blockchain world, particularly in the burgeoning NFT sector. Recent data from Solana Floor, a key platform monitoring the Solana ecosystem, reveals that Solana has amassed $2 million in monthly chain royalties from NFTs. This achievement secures the blockchain a commanding 53% market share.The data, which reflects activity over the past 30 days, shows Solana as a leader and a trendsetter in the industry. With its superior transaction speed and low fees, Solana has become the go-to blockchain for NFT creators and collectors seeking a seamless experience. This significant lead in royalties signals a shift in the NFT landscape. Solana’s innovative technology is attracting more users away from traditional blockchain giants like Ethereum.Ethereum, which once held an almost secure position in the NFT market, now lags behind Solana with a 33% market share and $1.3 million in royalties. Although Ethereum remains a strong player due to its early establishment in smart contracts and NFTs, the data from Solana Floor suggests its dominance is being challenged. Solana&#39;s rise highlights growing competition, with users increasingly prioritizing efficiency and lower costs.<a href="https://cryptotale.org/solana-tops-nft-royalties-a-2m-blockchain-powerhouse/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Tops NFT Royalties: A $2M Blockchain Powerhouse

CryptoTale

Other articles published on Aug 19, 2024

Tether (USDT) Support for This Altcoin Arrived! Price Moved!

Chainlink Data Streams and VRF Launch on Base, Boosting DeFi and dApp Capabilities

Fed Announces Bold Rate Cut

Tether Integrates USDT with Aptos Blockchain

Bitwise Acquires London-based ETC Group to Boost ETF Operations

The Crypto Dog Predicts Rise in AAVE and CRV

Join our free newsletter for daily crypto updates!