On-chain data shows that earlier this month, Ethereum-based NFTs had more than $550 million in sales volume on OpenSea. NFT collections such as Doodle, Azuki, Bored Ape Yacht Club, Mutant Ape Yacht Club, CloneX and Moonbirds are in very good condition. On the other hand, the number of Ethereum wallets used for NFTs has decreased by 88% since September 2021.
Ethereum vs Solana
The sales volume of Solana NFTs has increased by 47% in the last 7 days, while the sales volume of Ethereum NFTs has increased by 63%. OK Bear, an NFT collection in Solana, beat BAYC's 7-day sales metrics.