Are Solana-Based NFTs Leaving Ethereum Behind?

Solana-based Mad Lads NFT collection has risen to the top of daily sales, recording a 166% surge in sales, surpassing Frogana's previous reign. With an impressive US$1.62 million in sales over the last 24 hours, Mad Lads has pushed its total volume to US$150 million, securing the 42nd position for all-time sales.

Are Solana-Based NFTs Surging in Popularity?

The Solana-based Mad Lads NFT collection has seen a remarkable surge in market activity, topping the daily sales charts. In the past 24 hours leading up to 1 p.m. ET on Tuesday, Mad Lads experienced a 166% increase in sales, amounting to US$1.62 million, and a 1.74% increase in transactions, totaling 52.

This surge has propelled Mad Lads' cumulative volume to a new high of US$150 million, now ranking 42nd for all-time sales. This marks the second consecutive day that a Solana-based collection has led the NFT market, with Mad Lads taking the top spot from Frogana.

Is Ethereum's NFT Market Lagging Behind Solana's?

While Solana's NFT market is experiencing a boom, Ethereum's NFT market appears to be struggling. Frogana's daily sales dropped by 20% to US$830,531, placing it fifth for the day. However, Ethereum's Pandora collection, based on the ERC404 experimental token standard, witnessed the largest percentage growth in sales among the top 10 NFTs, with a 385% increase to US$1.42 million.

Are Bitcoin NFTs Gaining Traction?

Bitcoin's LIGO BRC-20 NFTs, the fourth-ranking collection of the day, saw a 131% increase in sales, reaching over US$1.06 million. However, the Bitcoin network emerged as the top-performing blockchain in the NFT market, primarily due to strong sales from its uncategorized collections.

Is Bitcoin's NFT Market Stronger Than Solana's?

Uncategorized BRC-20 NFTs and Ordinals on Bitcoin had a combined daily sales volume of over US$9 million, surpassing the entire Solana network's US$7.3 million. This suggests that Bitcoin's NFT market may be gaining significant traction, potentially challenging Solana's dominance in the NFT space.