I crunched the data on the Solana NFT secondary markets. Here are 5 key insights I found 👇
1/ In May, Solana NFT secondary markets did $330M of trading volume.
2/ In May, Magic Eden accounted for 95% ($312M) of trading volume making it the biggest NFT marketplace on Solana.
OpenSea’s Solana platform had the second-largest marketshare with 5% ($16.5M).
3/ OpenSea’s total cross-chain volume still greatly exceeds Magic Eden’s volume.
But while OpenSea volume has trended down since the start of the year, Magic Eden’s volume has been growing.
4/ 186k wallets bought or sold an NFT on Solana secondary markets in May.
5/ The top-selling NFT collection of the month was Okay Bears which did 1M SOL trading volume in May.
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