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 whole royalties throughout all blockchains. This can be a important lead, as the whole 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 listing 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 growing 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 whole. 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. A number of the causes that could possibly be attributed to the success of the platform embody low transaction charges and quick processing time. Since Solana remains to be transferring at a quicker tempo than its opponents, it may be said that this platform is steadily changing into a pacesetter within the actively growing market of NFTs.
