Solana NFT cost over a billion dollars! LooksRare outperforms Opensea in packaging industry

According to CryptoSlam stats, at the time of writing, the Solana Chain Non-Fungible Token (NFT) has sold for over $1 billion, ranking third in all NFT sales. after ETHereum (ETH) and Ronin. A member of the sidechain developed by Axieinfinitely.

Among them, the best-selling of all Solana NFT projects is Degenerate Ape Academy, which has 10,000 algorithmically generated 3D orangutans, with total sales of over $110 million, and Solana with the packaging the more changeable. Now: MagicEden.

The Ethereum culture is under threat.

JP Morgan analysts, led by Nikolaos Panigirtzoglou, said in a statement last week that Ethereum regulation in NFT had fallen due to the crash and high oil prices. Coindesk said that distribution has fallen from around 95% at the start of 2021 to 80%.

According to the report, Solana has benefited from Ethereum's NFT market share since last August, and since NFT is the fastest growing segment of the cryptocurrency industry, Ethereum's market share is likely to be stronger than before. Finance (DeFi) is more important.

As reported earlier this month, despite Ethereum's dominance over Defi in early 2021, JPMorgan warns that Ethereum could lose its grip on financial management (Defi) as many competitors are heavily involved in the business.

LookRare's day-to-day business far exceeds that of Opensea.

According to data from DappRadar: Over the past 24 hours, LookRare, the new NFT trading platform, has traded around US$650 million, while long-term number 1 OpenSea has traded around US$150. million US dollars. The volume of the first is almost five times greater than the volume of the second.

Of course, it has been suggested that LookRare's high market share is due to some consumers getting lux, the platform's token, through a no-effect sale. The more eyewash, the more beneficial it is.

The first phase of Watch Prize distributes 2,866,500 tokens to daily traders for 30 days. If the situation is successful, a change must be made. Market Gifts distributed 2,866,500 Looks based on user share of market share for the day. It is understood that there are three additional stages of 90 days, 240 days and 361 days in the future, and daily rewards are distributed at each stage.

However, the current Total Diluted Value (FDV) of the Lux token is close to half that of Opensea ($13.3 billion), and according to a new firm, the performance is still fantastic!