Top 5 NFT Marketplaces On Solana This Week By Volume – Magic Eden Takes The Top Spot

Non-fungible token marketplaces continue to fight for market dominance, despite the recent loss reporting due to the ongoing short slump in NFT volumes and activity across the board. NFT marketplaces are digital platforms for minting, buying, and selling non-fungible tokens. Below, we have listed five top NFT marketplaces competing for dominance in the Solana NFT ecosystem in the past seven days:

Source: Tiexo.com, top five NFT marketplaces on Solana NFT ecosystem

1. Magic Eden NFT Marketplace Leads In Volume

Magic Eden, one of the leading multi-chain NFT marketplaces that enable crypto users to create, buy, sell, and collect non-fungible tokens, is this week’s top-traded NFT marketplace on the Solana blockchain network. According to tiexo.com, an on-chain multi-chain NFT explorer, Magic Eden NFT marketplace has amassed a sales volume of more than 275,000 SOL in the past seven days, dominating 73% of total volume across the top five NFT market platforms.

2. Tensor NFT Market Platform

Tensor, another digital marketplace on Solana allowing crypto users to create, buy, sell, and collect non-fungible tokens, is this week’s second most-traded NFT marketplace on the Solana NFT ecosystem. Launched in 2021, Tensor is an NFT marketplace backed by notable venture capital firms and investors like Placeholder VC, Solana Ventures, and Solana founders Toly and Raj.

In the past seven days, the Tensor NFT market platform has recorded a trading sales volume of over 71,000 SOL. The NFT marketplace accounted for 18.94% of the total volume across the top five NFT market platforms. Tensor NFT marketplace has seen more than 50% engagement this week.

3. Hyperspace NFT Marketplace

Hyperspace, a multi-chain NFT marketplace and a launchpad focused on analytics, charting, and offering a better trading experience, is this week’s third most-traded NFT market platform on the Solana NFT ecosystem. Based on tiexo.com data, the NFT marketplace has seen over 12,000 SOLs settled in the past seven days. Hyperspace accumulated 3.34% of the total volume across the top five NFT market platforms.

4. OKX NFT Market Platform

OKX Marketplace, a non-fungible token trading platform created by crypto exchange OKX and works with over ten networks, including the Ethereum, Solana, OKTC, Polygon, BNB Chain and Avalanche, is this week’s fourth most-traded NFT marketplace on the Solana NFT ecosystem. Based on tiexo.com data, the NFT market has seen a trading sales volume of 5,000 SOL settled on it. OKX NFT marketplace accounted for 5% of the total volume across the top five NFT market platforms.

5. Sniper NFT Marketplace

Sniper, one of the most advanced NFT marketplaces and on-chain crypto market aggregators, uses order-book style trading and interactive charting and analysis tools and is this week’s fifth most-traded NFT marketplace. According to tiexo.com, an on-chain multi-chain NFT explorer, Sniper NFT marketplace has amassed a sales volume of 5,100 SOL in the past seven days, dominating 1.33% of total volume across the top five NFT market platforms.

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