Did Solana actually surpass Ethereum with 136% higher NFT volume - BitcoinEthereumNews.com
Ethereum Mga NFTTalaga bang nalampasan ni Solana ang Ethereum na may 136% na mas mataas na dami ng NFT07 / 04 / 2022Balita ng Ethereum ng Bitcoin According to a recent retweet by Santiment, it seems that the volume of Solana-based NFTs exceeded that of Ethereum. Well, in reality, the volume differs with a tiny yet critical factor. It is Solana and not Ethereum The volume charted in the tweet is not calculated in USD but in the blockchains native token. Thus, despite Ethereum observing only 550k ETH worth of NFT transactions, the total volume exceeds $550 million. However, 1.3 million SOL worth of NFT transactions, only amounts to $43.39 million. NFT volume ???? Ethereum (left) vs Solana (right) pic.twitter.com/WUsJFBxP58 — Alex Svanevik???? (@ASvanevik) Hulyo 3, 2022 Put simply, in no way did Solanas NFT surpass that of Ethereum. Well, except on one front. The total transactions conducted throughout the week on Ethereum came up to a little under 500k, while Solana noted almost 630k transactions this week alone. This 32.6% higher activity on Solana does show that lower costs can attract higher usage, but it doesnt amount to much. On the macro time frame, Solanas NFT marketplace has been observing a gradual decline in terms of daily volume. In