Despite Network Outages, Solana Trumps Ethereum As NFT Sales Hit $947 Million.
05 Oct 2022, 08:00
Despite Network Outages, Solana Trumps Ethereum As NFT Sales Hit $947 Million
Solana maintains the top spot as the leading blockchain for NFTs getting the lion’s share of the $947 million in NFT sales in September. Solana suffers yet another network service interruption bringing the total to 12 this year alone. Analysts now view NFTs as Solana’s strong suit amid a wave of adverse reports surrounding the network.The sale of Non-Fungible Tokens (NFTs) has remained almost uniform in volume in the past few months despite the current downturn occasioned by the broader financial market and other factors.
Solana has again recorded a higher NFT trading volume than Ethereum, the largest blockchain for decentralized applications (DApps). Despite Ethereum being the more extensive network, it has continued to trail Solana in terms of NFT transaction volumes in recent weeks.