Solana NFT Sales Outpace Ethereum's For First Time as Volume Hits $366 Million
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Solana's NFT sales volume topped Ethereum's for the first time in December 2022, with $366.5 million vs $353.2 million. Solana saw way more traders and transactions.
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Solana's growth seems driven by recent price gains and hype around certain projects like Tensorians and Mad Lads.
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Top Solana projects saw $28-24 million in volume, while top Ethereum ones saw $19-18 million.
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Bitcoin Ordinals reported way higher volume than either, but it tracks fungible tokens, making comparison difficult.
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Solana's growth shows its momentum, but Ethereum still saw flat volume month-over-month. True NFT volume comparison requires more analysis.