Solana in Pole Position to Challenge Ethereum NFT Dominance
Categories: Crypto News US

Solana inPole Position to Challenge Ethereum NFT Dominance
Data from crypto platform Messari suggests that Solana (SOL)could become the biggest challenger to Ethereum's NFT market dominance. In arecent report by James Troutman of Messari, Solana's network activitydeclined sharply in the second quarter of this year. However, daily activityhas picked up with more than 7 million newly generated NFTs, a growth rate of46.4 percent.
Solanashrugs off the market slump
The NFT market has been hit by the cryptowinter, with sales dropping by over 90% since January highs. But while Ethereumstill captures more than 80 percent of the market, Solana continues togain traction in the industry, outpacing other alternative layer-1 platforms: aboost for the Solana NFT ecosystem. So that SOL-based NFT projects.The plan isto offer OpenC users a “multi-chain future” for NFTs.