Solana is one of the most talked about blockchains because of its unique features like a TPS of 50,000 as of March, ability to run smart contracts, and the combination of the proof-of-history (PoH) algorithm with the lightning-fast synchronization engine, and an enhanced version of proof-of-stake (PoS).
Towards Q3 of 2021, so many NFT marketplaces were launched on Solana because of the favourable features on the chain. Today, there are more than thirteen NFT marketplaces on Solana.
However, we’ll look at the top five based on the volume of transactions for the past 30 days.
Magic Eden
Magic Eden is a decentralized NFT marketplace built on the Solana blockchain where NFTs can be created and traded. It was created and launched on Solana by Jack Lu and Zhouxun Yin in early 2019.
On Magic Eden, users have access to see upcoming launches, popular collections of NFTs, a launchpad for releasing NFTs, and a huge community.
Other features of the Magic Eden marketplace:
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OpenSea
OpenSea is the largest and one of the oldest NFT marketplaces in existence launched in 2017 by Devin Finzer and Alex Atallah. It is interoperable with Polygon, Ethereum, Klatyn and Solana.
The platform allows creators and other crypto users to create, mint, sell and buy NFTs easily by using the SPL standard for Solana, the Ethereum ERC-721 standard, KIP-7 standard for Klaytn, and the layer-2 scaling solution for Ethereum Polygon.
In 2021 alone, the firm had revenues approaching $95 million in February, and $2.75 billion in September. Its valuation was valued at $13.3 billion as of January 2022.
Here are other features that make OpenSea the topmost NFT marketplace on Solana:
Solanart
Solanart was launched in June 2021 as an innovative NFT marketplace on Solana by Solana Labs & Solana Foundation. It brought in new features that utilize the fast and scalable chain on which it is built,¹ enabling transactions to be carried out swiftly.
On the Solanart platform, users can buy multiple NFTs as well as list multiple NFTs at once. It also features a launchpad on which other NFT projects can be created.
The project that runs on SPF, Google Apps for Business, and IPv6 witnessed massive sales of more than 600,000 between June 2021 and January 2022,
Other characteristics of Solanart NFT marketplace:
DigitalEyes Market
DigitalEyes Marketplace was released last year on Solana to aid the minting and sales of NFTs for creators and consumers. With a service fee of 2.5% of all sales, anyone can get several NFT collections easily by connecting a wallet – Phantom, Sollet, Solflare, Solong, Slope, or MathWallet wallets – to the project.
On DigitalEyes Market, there are no listing/delivery fees for any sale. Some of the best NFT projects on this platform are Aurory, Galactic Gecko Space Garage, Degenerate Ape Academy, and Frakt.
Other features of DigitalEyes Marketplace:
Solsea
If you need an NFT marketplace with new unique features like an AR viewing structure where NFTs are uploaded as 3D, a very fast minting platform and a cheap transaction fee, Solsea has it all.
Solsea is an NFT project on the Solana chain that comes with a launchpad to allow users to launch their NFT projects. It also offers an easy payment system with the integration of FTX-Pay so that anyone can pay with credit cards.
In addition, sellers on the Solsea platform can choose their listing currency from SOL, USDC, SRM, and more, and embed licenses to their NFTs.
Here are other metrics on the Solsea platform:
Apart from these marketplaces on Solana, there are other projects like Solport, Exchange.Art, Metaplex, and Milkyway.
Solana is making it easier for such projects to be launched with its fast transaction speed, scalability, and great funding for Web3 projects.
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