Non-fungible tokens (NFTs) built on Solana (SOL) will soon be available for trading on OpenSea, the world’s biggest NFT marketplace.
OpenSea posted a teaser video on Twitter, answering one of the questions most often asked by its users: “Wen Solana?”
The best kept secret in web3🤣 pic.twitter.com/xuZn64cZ4U— OpenSea (@opensea) March 29, 2022
According to Opeansea’s teaser, Solana NFTs should be ready on the platform sometime in April.
The leading NFT marketplace will be the second crypto giant to give the nod to Solana as of late. Earlier this month, Coinbase, the largest digital asset exchange in the US, announced it would be providing support to the Solana ecosystem. Coinbase plans to further integrate Solana-based decentralized applications (DApps), as well as allow users to store Solana-native non-fungible tokens (NFTs) directly inside their Coinbase Wallet app.
“One of the blockchain networks that has seen a surge in usage is Solana, which has built a vibrant community of both developers and users along the way. Today’s update makes it easier to keep track of all your crypto across an ever-growing range of supported networks, without the need to manage multiple wallet apps,” Coinbase said in a blog post.
According to blockchain-tracking service Dune Analytics, the most popular Solana NFT collections are:
Alpha Digital, Eyez Exchange_Art, Magic Eden, MagicEdenNew, Metaplex, Solanart and Solsea.
Dune shows MagicEden with massive control over the market, currently at 91.5% dominance over the last seven days.
According to Defillama, Ethereum still maintains almost total dominance over the NFT marketplace, with about 96% of the market share. Solana, at 0.57% market share and $115 million in total volume, is expected to gain on other competitors like Harmony (ONE) and ImmutableX (IMX).