- Okay Bears NFT collection brought in the highest sale every day in Solana history.
- Solana has been down 2.35% in the last 24 hours.
As the struggle for dominance among smart contract platforms rages on, Solana is aiming for Ethereum’s crown. Despite Ethereum’s continued dominance in this area, competing projects have not been deterred from aggressively expanding to take market share from it. Because of the rapid expansion of its NFTs business, Solana has unquestionably been the most formidable of these competitors.
Ethereum Rival
The popularity of these NFTs on the Solana blockchain has attracted millions of additional users. Ethereum still has the upper hand in terms of trading volume, but certain Solana NFT projects have recently set new records. Okay Bears NFT collection brought in the highest sale every day in Solana history, $18 million. Vee Friends, an NFT collection on the blockchain network with a volume of $13.1 million, and Meebits, a popular NFT collection with a volume of $11.9 million, were beaten by this number.
With each passing day, more and more smart contracts are being executed on more and more platforms. In this aspect, Ethereum is the clear frontrunner. However, Solana and other smart contract platforms are still in the game. Some of these newer networks have been taking market share away from Ethereum for some time.
Unlike Cardano, Solana’s real volume has pushed it ahead of its rivals. With $310 million in actual volume, it is currently the third-largest smart contract network. Only behind Ethereum and Terra in market capitalization at $2.46 billion and $506 million.
As far as market capitalization is concerned, it is still a significant player. For example, Solana has a market capitalization of $32.66 billion, ranking it sixth on the list of the top 10 cryptocurrencies by market value. According to CMC, the Solana price today is $94.34 USD, with a 24-hour trading volume of $1,176,849,726 USD. Solana has been down 2.35% in the last 24 hours.
