Solana Grabs 55% Blockchain Royalties with $374K in Weekly NFT Earnings
Solana has surpassed all different blockchains mixed in weekly chain royalties from NFTs. In keeping with SolanaFloor, a Solana information supply, Solana earned $374K in royalties, capturing 55% of the overall royalties throughout all blockchains. It is a vital lead, as the overall royalty earnings from NFTs reached $678.6K.
Supply: https://t.co/ay4jllEp0O
— SolanaFloor (@SolanaFloor) October 14, 2024
Ethereum Follows Solana in NFT Royalties, Earns $212K
Ethereum is second on the record with $ 212.9K in royalties and has 31% of the market dominance. Though Ethereum reigns supreme within the NFT market, its revenues are considerably decrease than Solana’s, which signifies the rising use of Solana within the NFT market.
That is adopted by Polygon with $73.6K in royalties asserting an 11% market share. Its share signifies that blockchain nonetheless stays related within the NFT market however is outperformed solely by Solana and Ethereum.
Base Blockchain Earns $17.7K in NFT Royalties
Smaller blockchain Base acquired $17.7K in royalties whereas proudly owning solely 3% of the overall. Though it’s small, it signifies the huge variety of blockchains concerned within the NFT market.
The dominance of Solana within the royalties is one more achievement for the blockchain and has positioned it firmly on the map of NFT. Among the causes that might be attributed to the success of the platform embrace low transaction charges and quick processing time. Since Solana remains to be shifting at a quicker tempo than its opponents, it may be acknowledged that this platform is step by step changing into a frontrunner within the actively creating market of NFTs.
