The fast-growing Solana NFT marketplace has quickly become a favorite for NFT collectors and creators

Magic Eden Reaches Highest Volume NFT Marketplace

Magic Eden transaction volume traded surpassed OpenSea for the first time ever on May 15 when its daily volume reached $47 million compared to OpenSea at $27 million.

Magic Eden has grown extremely quickly since it opened its doors in September 2021. About 42,000 daily active users rely on the NFT marketplace. Users transact a median daily value of $35 million. For comparison, OpenSea has about 30,000 daily active users and $84 million median daily transaction volume.

Magic Eden And OpenSea Daily Active Users

Magic Eden is the largest Solana NFT marketplace, and the third largest NFT marketplace for all blockchains when ranking NFT marketplaces by transaction volume.

Read the full article at Avana Wallet