Solana Network Overtakes Ethereum NFT Volume by a Minimal Margin

  • Solana NFT sales increased by 436 percent in the 24-hour period.
  • Nearly $14.5 million of the Solana total was generated by the Trippin’ Ape Tribe alone.

Ethereum’s high-value NFT market has witnessed declining trade activity in recent weeks; conversely, the Solana network generated more NFT volume than Ethereum in 24 hours from May 24 to 25. Solana NFT secondary market sales produced almost $24.3 million in total, while Ethereum sales totaled $24 million throughout all of the markets, according to the statistics from CryptoSlam.

Ethereum’s Mutant Ape Yacht Club Rival

Although the gap between the two platforms is minimal, this is the first time that Solana has overtaken Ethereum in terms of the dollar amount earned by sales in a 24-hour period. This is according to CryptoSlam, which claims that Solana NFT sales increased by 436 percent in the 24-hour period.

Trippin’ Ape Tribe, a new Solana NFT profile image project that went live on Magic Eden on Tuesday, is primarily to thank for that. Similar to Ethereum’s Mutant Ape Yacht Club, it offers 10,000 original drawings of apes, each with its own set of strange visual effects. After Tuesday’s first mint, the project’s secondary market sales soared.

Nearly $14.5 million of the Solana total was generated by the Trippin’ Ape Tribe alone during that time period. As a result, Ethereum’s Bored Ape Yacht Club, with $3.5 million in purchases, was the runner-up as the most popular project during that time period.

When Okay Bears initially climbed to the top of the list last month, it’s done so again in recent weeks. Aside from Trippin’ Ape Tribe, there are no other Solana NFT projects that hold the 24-hour crown. A Trippin’ Ape Tribe NFT costs 54 SOL ($2,600) on the Magic Eden market.

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