Solana NFT sales drop by 21% after OpenSea integration

Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours. 

See related article: OpenSea’s Solana NFT integration, long rumored, is now real

Fast facts

• While Ethereum continues to host the largest number of NFTs, Solana proponents argue that it is a cheaper, faster, and more energy-efficient alternative. 

• Ethereum-based NFT sales were also down by over 27% in the past 24 hours, according to CryptoSlam data.  

• Solana has become the fourth blockchain on OpenSea, following Ethereum, Polygon, and Klatyn.

• OpenSea integration challenges Magic Eden’s dominance of Solana, the leading NFT marketplace on the blockchain. 

• Magic Eden handles over 90% of NFT sales on Solana. 

See related article: What is OpenSea and why is everyone talking about it?