Not Trippin Solana Overtakes Ethereum in Daily NFT Trading Volume

Not Trippin Solana recently surpassed Ethereum in daily NFT trading volume, according to CryptoSlam’s cryptocurrency secondary market data. During the past 24 hours, Solana NFT sold for $24.3 million. Ethereum’s total sales rose to $24 million, which makes Solana’s number 436% higher than Ethereum’s during the same time frame.

Okay Bears

On Solana, the collection of Okay Bears has outsold the Ethereum-based project by a large margin. The Okay Bears were the most popular NFT collection in the last hour, achieving a floor price of over $6k, making them the most traded in one day. Despite the success of Ethereum-based projects, the Okay Bears are now doing so well on Solana that they have been copied to the Ethereum blockchain.

While Ethereum has remained the platform of choice for NFT projects, Solana is showing signs of increasing its adoption and has recently become the first project to lead the list. The bear-based NFT drop on Solana topped Ethereum in daily trading volume and has surpassed all other individual NFT projects combined. The bear-based NFT drop has largely driven the success of Okay Bears, with the bear-based project surpassing Ethereum in a matter of weeks. Okay Bears’ NFT price has continued to rise in the market and is now priced at 54 SOL ($2,600) on the Magic Eden marketplace.

Also Read:How Gen Z is Hooked on Cryptocurrency and NFTs

Trippin’ Ape Tribe

Not Trippin Solana has become a hot cryptocurrency, and the market has been buffed up for a couple weeks now. The cryptocurrency recently overtook Ethereum in daily NFT trading volume, and the market is booming! Not Trippin Solana is up 446% from the previous day’s trading volume. Not to mention, the currency has a lot of cool new projects, like the Trippin’ Ape Tribe profile picture project. The project, which launched on Tuesday, features 10,000 original ape drawings and surreal visual effects. The project’s popularity has grown to such an extent that it has already sold out of its first mint.

Solana’s success in the NFT market is fueled by a new NFT project called the Trippin’ Ape Tribe. This project is similar to Ethereum’s Mutant Ape Yacht Club, with surreal visual features. The project’s sales volume has exceeded all other projects on Ethereum, including the Bored Ape Yacht Club, which was only able to make $3.5 million in a day.

Degenerate Ape

Despite being a late bloomer, Not Trippin Solana is already outpacing Ethereum in daily NFT trading volume. The new NFT profile picture project is similar to the Ethereum Mutant Ape Yacht Club and features 10,000 unique depictions of apes along with various surreal visual elements. In just over a month, Solana sold over $14.5 million worth of NFTs, easily edging out Ethereum in daily NFT trading volume.

Solana has seen the biggest growth in NFT secondary markets, with sales exceeding $24.3 million in the past 24 hours. The market has also seen an increase in sales volume as Ethereum’s high-value NFT market has decreased in recent weeks. Despite the recent decline in NFT trading volume, Solana continues to dominate the NFT market. This is primarily due to the low transaction fees for NFT trading. It also allows investors to list and bid on NFT products, which is much cheaper than Ethereum.

Also Read:Hacker Steals $1.4 Million in NFTs From Collector in One Sweep

By Lizbeth Magaly

Lizbeth Magaly is a talented writer who specializes in stories related to the Finance. She is a true torchbearer in the field of reporting sans prejudice, and leads by example. She watch all the content pieces related to Finance as well as write for the Real Estate sector of Daily Reuters.

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