Solana Surpasses Ethereum in Daily NFT Transactions for the First Time
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In a landmark moment for the non-fungible token (NFT) ecosystem, Solana (SOL) has overtaken Ethereum (ETH) in daily NFT transactions for the first time, signaling a potential shift in market dynamics that have long been dominated by Ethereum.
According to blockchain tracking data, Solana processed more than 1.4 million NFT-related transactions in a single day, compared to Ethereum’s 1.2 million. While Ethereum still leads in overall NFT trading volume and market capitalization, the growing activity on Solana reflects rising user interest in its faster and cheaper transaction model.
The NFT sector has faced challenges since its 2021 boom, with trading volumes cooling over the last two years. However, Solana has steadily carved out a niche, attracting artists, collectors, and gaming platforms seeking lower costs and better scalability. A single transaction on Solana typically costs fractions of a cent, compared to Ethereum’s higher gas fees that fluctuate with network congestion.
Analysts point to the surge in gaming NFTs and digital collectibles as the primary drivers behind Solana’s rise. Several play-to-earn platforms and NFT marketplaces native to Solana have reported record user activity, with collections selling out within minutes of launch. The ease of minting and trading on Solana is making it an increasingly attractive alternative for both developers and traders.
Ethereum, for its part, remains the largest player in the NFT space, hosting high-value collections like Bored Ape Yacht Club, CryptoPunks, and Art Blocks. Its recent upgrades under Ethereum 2.0 have improved scalability, but transaction fees still remain a pain point for smaller retail participants. The shift in transaction activity underscores how Ethereum’s dominance is being challenged on certain fronts, even as it maintains its leadership in overall value locked and liquidity.
Industry experts believe this milestone could mark the beginning of a more competitive phase in the NFT sector. While Ethereum has brand recognition and institutional backing, Solana’s ability to handle higher transaction throughput at lower costs positions it as a strong contender for mainstream adoption.
Investors are watching closely to see whether this momentum sustains. If Solana continues to attract more projects and users, it could emerge as the go-to blockchain for NFT activity, especially for newer markets like gaming and micro-collectibles. Meanwhile, Ethereum is expected to focus on scaling solutions such as Layer 2 networks to retain its stronghold.
This development highlights the broader trend in blockchain ecosystems: competition is no longer just about price and performance but also about usability and community adoption. Whether Solana can maintain its edge in daily NFT transactions remains to be seen, but the latest figures suggest the balance of power in the NFT world may slowly be shifting.
