CandleFocus Solana Grabs 55% Blockchain Royalties with $374K in Weekly NFT Earnings
2024-10-14
Author: Content Editor
Solana has surpassed all other blockchains in terms of weekly chain royalties from NFTs. It earned $374K in royalties, capturing 55% of the total royalties across all blockchains. Ethereum is second on the list with $212.9K in royalties and has 31% market dominance. Solana's significant lead over Ethereum indicates its increasing use in the NFT market. Polygon follows with $73.6K in royalties and an 11% market share. Smaller blockchain Base received $17.7K in royalties, indicating the vast number of blockchains involved in the NFT market. Solana's dominance in royalties further establishes it as a leader in the NFT market, possibly due to its low transaction fees and fast processing time.
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