Solana Outpaces Ethereum In Terms Of NFT Sales

Adekunle Joshua

Solana has finally become a rival to Ethereum's supremacy in 2023

Solana's remarkable on-chain and trading activity, coupled with an unprecedented 800% gain this year, has elevated it to this competitive stage

Additionally, Solana surpasses Ethereum in NFT sales, hosting transactions totalling over $16 million

Bitcoin and Ethereum trail closely with $13.4 and $11.4 million in sales, respectively

The $86 million drained from Heco Bridge raises concerns about a potential exit scam in the crypto community

Despite Ethereum's extensive trading volume and user adoption, issues like network congestion and rising fees are providing Solana with an opportunity

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