We didn’t have to wait more than a week to satisfy the expectations of the fans of the Solana (SOL) ecosystem. OpenSea officially announced it last week, and now it’s done. The non-fungible tokens (NFTs) of the Solana blockchain are now available on the first marketplace in the world in terms of volume.
OpenSea lists Solana’s NFTs
A week after OpenSea’s official announcement, non-fungible tokens (NFTs) from the Solana ecosystem (SOL) are finally landing on the marketplace. At the time of writing, nearly 900,000 items are already listed on OpenSea and denominated in SOL.
All the main collections of the Solana ecosystem are listed, including the Solana Monkey Business, which has a floor price of 269 SOL (or about $32,000).
The integration of Solana’s NFTs on OpenSea greatly expands the variety of offerings available on the platform. As a reminder, only the Ethereum(ETH), Polygon (MATIC) and Klaytn (KLAY) blockchains were previously compatible with the marketplace.
According to data from The Block, OpenSea posted trading volumes of about $3.4 billion in March. Over the same period, sales of NFTs on Solana exceeded $140 million, or roughly 4% of what the marketplace currently processes.
However, the real question is what impact this integration will have on other players in the ecosystem, including competitor Magic Eden. After raising $27 million in funding, the marketplace has established itself as the number one player on Solana and currently captures 90% of NFT sales there.