Solana NFT Marketplaces
Solana is one of the fast-growing blockchains where users can buy and sell NFTs. As a result, Solana NFT Marketplaces have become highly popular among NFT users, developers, and investors in recent years. As of 2022, the blockchain has over 100,000 NFT builders and creators. Likewise, the blockchain has generated over $3.1 billion in sales from an estimated 14.8 million NFTs minted on the platform.
Another reason why Solana is revered is its fast transactions and low fees, thanks to its Proof-of-History (PoH) consensus mechanism. As a result, the Solana ecosystem has also grown to be a thriving space for GameFi, and Metaverse assets.
In the following, we look at the best NFT marketplaces on Solana to buy and sell on. We also look at the advantages of using Solana and how to select the best marketplaces. You can also explore the latest Solana NFT drops, which are updated on a daily basis. If you have been wondering how to get into the Solana NFT space, you must read this to the end. Let’s go!
Best Solana NFT Marketplaces
Solana is home to some of the biggest NFT marketplaces in the Web3 ecosystem. These marketplaces offer fast and easy access to digital collectibles where users can explore, buy, and sell NFTs from different collections and artists.
Below are some of the top NFT marketplaces built on the Solana blockchain:
OpenSea
OpenSea is the most established marketplace in the Solana ecosystem. The marketplace was founded on the 20th of December, 2017, by Alex Atallah and David Finzer. It is a platform where users can easily buy, sell, trade, and mint their NFTs. Aside from Solana, OpenSea supports Ethereum, Solana, Polygon, Arbitrum, Klaytn, Optimism, Avalanche, and BNB.
Solana users need a Solana-compatible wallet to access and buy NFTs on Opensea. The platform receives a 2.5% fee on all secondary sales. This makes it one of the lowest marketplace fees for buying and selling NFTs. Users can access the platform through opensea.io.
Magic Eden
Magic Eden is the most popular NFT marketplace on Solana. It is speculated that the platform receives up to 10 million unique visitors every month. It was founded in September 2021 as a competitor of NFT marketplaces like Opensea. The platform supports both Solana and Ethereum blockchains.
Users can buy, sell, and mint NFTs on the platform. Magic Eden is user-friendly and has several innovative features to make NFT transactions smooth and satisfying. It also supports 13 native Solana wallets. Magic Eden has a low transaction fee of 2% and does not charge creators for listing NFTs. Interested users can gain access to the platform through magiceden.io.
Goatswap
Goatswap is currently one of the most popular Automated Market Makers (AMM) for NFTs and tokens on the Solana blockchain. Ben Chow founded it in August 2022. It allows users to generate fees on a built-in liquidity pool, making it easier to provide liquidity and pricing for NFTs.
With Goatswap, users can easily buy, sell, or trade NFTs to any pool with offers. This platform supports only the Solana blockchain. According to its website, it only charges 1% as transaction fees. One of the exciting features of Goatswap is that it allows people to set prices and trading fees on their NFTs.
Coral Cube
Coral Cube is a decentralized NFT aggregator marketplace on Solana that joined forces with Magic Eden in October 2022. Users can purchase, sell, and view NFTs across marketplaces on this platform. It also provides various trading alternatives like auctions, spot trades, derivatives, etc.
The platform is an easy-to-use data analytics tool that shows live statistics and transactions as they happen. Coral Cube supports the Solana blockchain, and users can access the marketplace through its website at coralcube.io. As an NFT aggregator, it allows users to buy NFTs lifted from other marketplaces within the platform. Much of Coral Cube’s popularity is due to its high efficiency, speed, and reliability.
Solsea
SolSea is the first open NFT marketplace that Solana established. Launched in August 2021, it was the first platform to support creators in buying, selling, and minting their NFTs with embedded licenses and connecting wallets to trading NFTs. It also provides a rarity ranking that helps buyers and sellers value their NFTs accordingly.
NFT users can view real-time analytics from the on-chain data. Solsea supports the Solana blockchain and charges a 3% marketing fee. In addition, the platform’s calendar feature is a very functional tool for NFT users, as they can be aware of upcoming projects before they are even launched. Individuals can access it through its website, solsea.io.
DigitalEyes
DigitalEyes is an NFT marketplace for Solana-based digital collectibles. This platform lets users view, search, filter, and trade NFTs on Solana. The marketplace welcomes almost all collections without endorsing or curating any project.
It supports the Solana blockchain and charges vendors a 2.5% market fee. As of October 2022, DigitalEyes already had over 71,000 traders on its platform and a trading volume of over $127 million. The website includes a lot of collections, and users can access the marketplace through it.
Solanart
Solanart is an NFT platform built on the Solana network. It was launched in June 2021. Its main aim is to help creators share their work in an effective marketplace for people to buy and sell. On this platform, users can sell or purchase Solana-based NFTs by connecting with their Sollet Wallet, Sollet Chrome extension, or Phantom. Also, developers can apply for a listing or a launchpad. Solanart charges a market commission of 3% for successful NFT transactions.
Tensor
Tensor is considered the fastest NFT trading platform on Solana. It launched privately in June 2022 and became accessible to the public the following month. It provides advanced trading features like real-time data, full historical candlestick prices, and AMM pools for NFTs.
Tensor is your go-to marketplace platform if you are a power user and want access to the fastest platform for NFT trading on Solana. The platform charges a marketplace fee of 1% for sales of NFTs. It also supports the Solana blockchain.
Exchange Art
Exchange Art is an NFT fine art marketplace on the Solana blockchain. It was established by Alex Fleseriu in 2021. On this platform, users can search through art categories, participate in auctions, and verify tokens and ownership changes on-chain. It also allows artists to sell their artworks to a wide range of audiences.
In addition, NFT creators can list collections and use the platform’s Royalties Protection Standard. Exchange Art supports only the Solana blockchain. The Exchange Art platform charges 2.5% as a marketplace fee.
Alpha Art
Alpha Art is an NFT marketplace for Solana-based NFTs. It was established in 2006. The revolutionary marketplace currently allows users to buy and sell Solana-based NFTs without any listing fees. This means that NFT creators can make listing requests without paying any fee. Furthermore, users can connect their wallets, browse, make offers, and trade NFTs on the platform.
Users can earn SOL by owning and staking Piggy Sol Gang NFTs. Alpha Art charges a 2% flat seller fee, which the platform takes at the time of sale. Interested individuals can access the marketplace via the website at alpha.art.
Solport
Solport is a marketplace for Solana NFT trading. Users can view NFTs using the scarcity filters. They can also partake in user auctions and receive notifications of marketplace activity through Discord or Telegram.
Solport is user-friendly, and it is very efficient to use. The platform charges a 2% fee for sellers on the platform and does not charge fees for listing, unlisting, or refunding offers. Users can access the marketplace via the website solport.io.
Hyperspace
Hyperspace is a trading platform and aggregator that offers Solana NFT and NFT flex information and services. It was established in 2021 by Alexander Heller, with its headquarters in New York. Hyperspace supports the Solana blockchain.
Users can view, buy and sell NFTs across Solana marketplaces within the Application. This means that it can browse several marketplaces at once. Also, developers can integrate endpoints into their projects by using the Hyperspace API. There are no listing fees on Hyperspace. When you list and successfully sell your NFT, you pay only a fee of 1% in the marketplace.
Upsides of a Solana Marketplace
Currently, Solana is the fastest-growing blockchain for NFTs. It ranks as one of the top three blockchains by NFT Sales Volume (all-time sales). It has also recorded over $3.1 billion in NFT sales in the last few years.
There are various reasons why Solana is becoming so popular in the NFT world. These are:
High transaction speed
Solana is one of the fastest places to mint and trade NFTs. It can handle about 65,000 transactions per second. The speed at which the chain operates is a result of a unique proof-of-history (PoH) consensus algorithm, which compliments the already highly efficient proof-of-stake (PoS).
Low gas fees
Solana is one of the cheapest blockchains regarding gas fees. NFT transaction fees on Solana are low. This allows creators to sell and mint their digital creations without parting ways with a significant share of their earnings due to gas fees.
Variety of NFTs
Solana offers a lot when it comes to the variety of NFTs. It always takes a little bit of time to find what works for you. The blockchain features a wide range of digital styles and utility-based NFTs.
In addition, Solana offers other important perks, such as high liquidity, flexibility, and security.
How to Pick the Best Solana Marketplace?
Despite the recent disturbances in the crypto markets, Solana still keeps rising in popularity. For this reason, it is important to know how to pick the right Solana NFT marketplace for buying, selling, and minting NFTs.
Frankly, it is difficult to pinpoint one Solana Marketplace and label it the best one. However, there are a few tips to help you decide which Solana Marketplace is the best. Whatever platform you choose, ensure that it offers fast transactions, is user-friendly, and has a low transaction fee. Also, ensure that it is efficient and reliable and has an active community on social media networks like Discord and Twitter.
Finally, it is important to note that the best Solana Marketplace is the one that fits your needs.
Famous NFTs on Solana
Solana NFTs dominated when the Degenerate Ape Academy NFTs were released. Some of the famous NFTs on Solana are listed below:
- Degenerate Ape Academy and Degen Trash Pandas: Both are very popular Solana NFT projects. The Apes come in various forms and styles, while the Pandas focus on the abstract part.
- Aurory Collection: This is another famous NFT collection. It is one of the pioneers of NFTs on the Solana blockchain. It features anime-style characters with unique stories behind each NFT.
- Okay, Bears: These collections are among the most popular Solana NFTs according to trading volume. The famous digital artist, Beeple, is responsible for this collection of stylish bears.
- DeGods: This is officially the biggest NFT project on the Solana blockchain. This is because it is innovative, centers around the community, gives back to its holders in new ways numerous times, has celebrities involved, etc.
- Yoots Mint Toob: This is the best Solana NFT collection. The founders of the successful DeGods NFT also created this collection.
- ABC(AbarakaDabra): This collection is unique because it has no team, no mints, no royalties, no roadmap, and no dedicated website or social media at the time of its launch.
FAQs
- What Solana NFT marketplace offers the lowest fees?
Magic Eden and Solsea offer the lowest fees among the Solana NFT marketplaces, with a 2% fee on all sales.
- What is the biggest Solana NFT marketplace?
Magic Eden is the largest native Solana NFT marketplace, trading over $10 million daily. This platform has various features, including its market-leading NFT marketplace, an NFT launchpad with all of the latest SOL art, and much more.
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