Solana’s OK tops all Ethereum NFT projects with $18 million in sales in one day

Ethereum remains the dominant platform for NFTs, but growing rival Solana is competing as new projects gain more attention and major marketplaces adopt the network. And in the past day, a new Solana NFT project has generated more trading volume than any Ethereum project. OK Bears, a Solana-based profile picture project with 10,000 unique avatars, launched yesterday on Solana NFT marketplace Magic Eden at a floor price of 1.5 SOL (about $145) per NFT. According to data from leading NFT marketplace OpenSea, OK Bears is the top-traded collectibles it tracks, beating out a range of major Ethereum collectibles. The marketplace shows 187,543 SOL worth of secondary trading in the last 24 hours, or approximately $18.4 million worth of Solana at the current price. This includes the entire market, not just sales on OpenSea. Compare this to 4,565 ETH ($13.1 million) worth of trading in the last 24 hours for Gary Vaynerchuk’s new vFriends v2 launch, as well as 4,136 ETH ($11.9 million) in volume for Yuga Labs’ recently acquired MeeBits, and 3,534 ETH ($10.1 million). ) for the new project Imaginary Ones. This appears to be the first time that the Solana NFT project has overtaken individual Ethereum projects in terms of 24-hour trading volume.