Tensor topped Magic Eden’s 24-hour sales volume on Wednesday afternoon in Hong Kong to have a brief stint as Solana’s top non-fungible tokens marketplace.
See related article: Solana NFT sales surge as traders farm for Tensor rewards
Fast facts
- Tensor said on Twitter that it had a 24-hour trading volume of 108,073 SOL (US$2.424 million). This accounted for 46.9% of the combined trading volume of the top five marketplaces on the Solana blockchain.
- Tensor’s reign as Solana’s top NFT marketplace was short-lived, as Magic Eden reclaimed the spot on Wednesday evening. Magic Eden had a trading volume of 104,820 SOL in the 24 hours to 8 p.m. in Hong Kong, while Tensor recorded 100,000 SOL, according to data from Solana tracker Tiexo.
- Transactions on both marketplaces were dominated by Mad Lads, a Solana-based NFT collection launched last Friday. It recorded over US$1.85 million in secondary sales in the past 24 hours, making it the most traded collection across all blockchains, according to CryptoSlam, the data arm of Forkast Labs.
- During that time frame, almost 56,000 SOL worth of Mad Lads tokens were traded on Tensor, while Magic Eden had around 36,000 SOL, according to Tiexo data.
- Activity on Tensor started to pick up significantly last month after it launched an airdrop as part of its reward program, a strategy similar to what Ethereum NFT marketplace Blur recently deployed to draw customers from OpenSea.
- The Forkast SOL Composite, a measurement of Solana NFT market performance, rose 0.24% in the 24 hours to 8 p.m. in Hong Kong on Wednesday.
See related article: Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://forkast.news/headlines/mad-lads-tensors-nft-magic-eden/
- ][p
- $UP
- 000
- 100
- 24
- 8
- a
- According
- across
- After
- airdrop
- All
- an
- ARM
- around
- article
- AS
- blockchain
- blockchains
- boosts
- both
- briefly
- by
- collection
- combined
- CryptoSlam
- Customers
- data
- deployed
- eden
- ethereum
- ethereum nft
- evening
- farm
- For
- Forkast
- FRAME
- Friday
- from
- had
- Have
- Hong
- Hong Kong
- HOURS
- HTTPS
- in
- industry
- IT
- ITS
- Kong
- Last
- launched
- Liquidity
- magic
- magic eden
- Making
- Market
- market performance
- marketplace
- marketplaces
- million
- Month
- most
- NFT
- NFT collection
- nft market
- nft marketplace
- nft sales
- NFT trading
- non-fungible
- non-fungible tokens
- of
- on
- OpenSea
- over
- part
- past
- performance
- pick
- plato
- Plato Data Intelligence
- PlatoData
- Program
- recently
- recorded
- related
- Reward
- ROSE
- sales
- Sales Volume
- says
- secondary
- significantly
- similar
- SOL
- Solana
- solana blockchain
- Spot
- started
- Strategy
- surge
- that
- The
- this
- time
- to
- Tokens
- top
- topped
- traded
- Traders
- Trading
- trading volume
- volume
- was
- Wednesday
- were
- What
- while
- working
- worth
- zephyrnet
More from Forkast
Japan’s ANA airline launches NFT marketplace, see future in metaverse projects
Source Node: 2118690
Time Stamp: Jun 1, 2023
Why wallets used for token airdrops can pose a security risk
Source Node: 2143962
Time Stamp: Jun 22, 2023
Bitcoin miner TeraWulf reports 146% revenue growth, expanded mining capacity
Source Node: 2043415
Time Stamp: Mar 31, 2023
Why crypto and DeFi are key to building wealth in times of high inflation
Source Node: 1607042
Time Stamp: Aug 3, 2022
Solana logs back in after a five-hour outage, SOL rebounds
Source Node: 2471919
Time Stamp: Feb 6, 2024
Cash App users can now receive Bitcoin via the Lightning Network
Source Node: 1729931
Time Stamp: Oct 26, 2022
Bitcoin, Ether rise; relief for investors as major banks get liquidity lifeline
Source Node: 2015899
Time Stamp: Mar 17, 2023
Taiwan’s top three crypto exchanges say operations unaffected amid FTX fallout
Source Node: 1758154
Time Stamp: Nov 18, 2022
Binance to support Ethereum’s PoS Merge, evaluate new forked tokens
Source Node: 1616591
Time Stamp: Aug 10, 2022