Solana NFTs goes live on OpenSea

Solana NFTs goes live on OpenSea

The largest market for irreplaceable tokens (NFT) The long-awaited OpenSea integration with Solana has finally been launched.

However, the news did not stimulate or support his business. According to recent reports, sales have fallen by over 21% in the last 24 hours.

OpenSea data shows that collections under Solana have been listed and denominated in SOL, such as Solana Monkey Business and Solana Monke Rejects. Currently, the cheapest Solana Monke Rejects sells for 6 SOL or $ 683.52.

According to The Block, OpenSea’s Solana integration allows for a wide selection of NFTs on the platform. Prior to integration, the NFT market gave priority to Ethereum-based NFTs along with Polygon and Klatyn blockchain integrations.

The integration marks an important expansion for OpenSea and the company raised $ 300 million at an estimated $ 13 billion in January.

Although Ethereum holds the largest number of NFTs, Proponents of Solana believe it is a cheaper, faster and more energy efficient alternative product.

A CryptoSlam report found that sales of Ethereum-based NFT also fell by over 27% in the last 24 hours.

CryptoSlam data also state that Solana recorded $ 173 million in NFT trade volume in March.

While OpenSea announced a trade volume of about $ 3.4 billion in March, according to Dashboard The Block.

Official information on integration first came through announcement on OpenSea’s Twitter page last month.

Blockchain.News reported in January that for the first time, the monthly volume of NFT trading exceeded $ 4 billion on OpenSea, according to Dune Analytics market insight providers.

This represented a 20% increase over the previous high of $ 3.4 billion reached in August 2021. Furthermore, the report adds that total sales in this market reached $ 25 billion in 2021.

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