Magic Eden generated more than $300M in trading volume in last 30 days
NFT marketplace Magic Eden has been enjoying a bumper month as NFT collections on the Solana blockchain start to get noticed, generating more than $300 million in trading volume. The success of Magic Eden reflects the growth of the Solana NFT community, which could signal another wave of hype for NFT collections.
Over the last 30 days, Magic Eden and Solana NFT collections have generated more than 3.8 million SOL in trading volume, or $311.6 million. A total of 216,403 active wallets completed almost 1 million transactions. This performance gives Magic Eden a commanding lead over rival Solanart and, importantly, over OpenSea, where Solana NFTs are also hosted.
It’s important because there is a fear that OpenSea could steal the show from native Solana marketplaces like Magic Eden. These native Solana marketplaces almost exclusively host Solana NFTs, while OpenSea already has a strong…