Solana gains edge over polygon in NFT sales with CoinEdition

by James · April 13, 2023

Currently, Polygon falls behind Solana in NFT sales volume.
Polygon’s sales volume has dropped to $1,146,420 in 24 hours.
Reddit has just released its latest NFT collection on Polygon.

Polygon (MATIC) has lost ground to Solana (SOL) in NFT sales volume, bringing Solana to second place on the leaderboard. With a staggering 11.69% drop in the last 24 hours, Polygon’s sales volume has settled down to $1,146,420, establishing Solana as a major player in the rapidly developing NFT sector, according to Cryptoslam data.

The second-placed stock, Solana, has a sales volume of $1,570,959. Ethereum continues to rank first in terms of NFT sales volume. As Solana transforms the NFT market, this latest event significantly changes the mentality on the chain.

Given the platform’s relative youth, Solana’s rise to the top of NFT’s sales volume chart is undoubtedly an impressive feat, according to market watchers on Twitter. The significant increase in sales volume is evidence of Solana’s success in leveraging the Ethereum network’s reliability while tackling scalability difficulties.

In addition, the platform is expected to continue to see an increase in sales due to the growing demand for NFTs, confirming its status as a game changer in the NFT industry.

In other related reports, well-known social networking site Reddit released its latest NFT collection on Polygon, including thousands of original digital artworks created by over 100 talented artists. The third generation of Reddit’s NFTs promises to be the biggest and best yet. The collection is now more accessible to the NFT community thanks to the transition to Polygon, creating new options for collectors and artists.

At press time, SOL is trading at $24.11, up 1.1% in the past 24 hours, according to data from CoinMarketCap. On the other hand, Polygon’s MATIC is changing hands at $1.11, a gain of 1.95% in the same time frame.

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