Closes Ethereum Gap With Over $16 Million In NFT Sales Solana

Ethereum’s throne faces a serious challenge from Solana as the network strives to outperform it in various ways. Daily news 11th December.

Closes Ethereum Gap with Over $16 Million in NFT Sales Solana

Due to Solana’s outstanding performance this year, the network is drawing attention due to its on-chain and trading activity, positioning the project as a serious threat to Ethereum’s dominance.

Solana has surpassed Ethereum in on-chain activity and now leads its competitor in NFT sales, another crucial metric.

Ethereum Is Beaten by Solana

Thanks to its trading volume, projects, user adoption, and other factors, Ethereum has dominated the NFT market for many years. However, its dominance is eroding as rivals like Solana close the gap, given its ongoing problems like network congestion and growing fees.

After logging over 800% in gains and setting records for DEX volumes and network transactions this year, Solana’s network surpassed Ethereum in NFT sales on December 9th, having hosted over $16 million in transactions.

Following closely behind with sales of $13.4 and $11.4 million, respectively, were Bitcoin and Ethereum. As of the time of writing, Solana was still the second-biggest NFT protocol, but its future trajectory points to a serious challenge to Ethereum’s dominance.

Solana’s achievements in the NFT space are consistent with developers and investors gradually becoming more receptive to the network and realizing its possibilities. Even though the network lags far behind Ethereum in terms of historical data, Solana’s revolt may indicate a significant change in the dynamics of the market in the sector.

The Other News

2 important macro events on December 12-13 about the CPI index and the FOMC meeting, almost 100% predict that interest rates will not increase but will remain unchanged. There are rumors that Pudgy Penguin is about to launch a token. If true, this could be a boost for the NFT segment!

$ACE – Fusionist will issue ACE tokens on OKX Jumpstart on December 13

+) The main token of Endurance, the official name for Fusionist’s gaming infrastructure blockchain

+) Invested $6.6M by Binance Labs in June 2023, private information not disclosed

💥Major Milestone Update 1

– $ACE launch on OKX Jumpstart

– Details: https://t.co/kVaN1byfA0

More to come, stay tuned! #ACE #Jumpstart pic.twitter.com/ExGc9vx8Mc

— Fusionist 🛸👾 | Endurance ♠️⛓ (@fusionistio) December 7, 2023

$OP – Canyon upgrade has been approved and will be available on OP Chain mainnet soon.

@OPLabsPBC shared that the Canyon upgrade passed governance and is coming to OP Chain mainnets soon.https://t.co/5FeaEQ7ISM

— Optimism (@Optimism) December 8, 2023

$ZKS – ZKSpace will burn 100M ZKS tokens today

13 Winners 🥳@3 friends
follow
RT

$500 ZKS

📢 10% of total uncircumcised tokens
🔥 Burn 100M ZKS in 3 Days 12.10
🌐 New website launching this month#TokenBurn #ZKS

Add Liquidity Here and Help Us Top ZKSync TVL Win 20000 $ZKS https://t.co/IkLVUncrZR

— ZKSpace 🚀|Layer2 Solution Scaled ETH and BTC Eco (@ZKSpaceOfficial) December 7, 2023

$LINK – Launch Public Staking V0.2 on December 11

#Chainlink Staking v0.2 is launching this year ⬡

Mark these dates on your calendar ✏️🗓️

• Priority Migration: November 28, 2023 at 12PM ET
• Early Access: December 7, 2023 at 12PM ET
• General Access: December 11, 2023 at 12PM ET

Planning to stake your LINK? Read this 🧵 pic.twitter.com/VdvVx81MSt

— Chainlink (@chainlink) November 9, 2023

The Scroll Origins NFT program will end today and on December 15, you will be able to claim NFTs by tier
NFTScan launches Mint Blockchain

+) Ethereum L2 blockchain dedicated to NFTs

+) Game Service + RWA + NFT Pass + AIGC

0/ Hello World.

Meet Mint, the Ethereum L2 blockchain for Non-Fungible Tokens (NFTs)

Mint is dedicated to releasing the potential value of the trillion-dollar NFT market

Minting a New Era, with https://t.co/zfZAOpoZqo.https://t.co/aqKhoqeSLy

— Mint (@Mint_Blockchain) December 5, 2023