Briefly
- The Aptos NFT market has been growing since the launch of the mainnet last week.
- Solana NFT trading has recently plummeted due to moves by marketplaces to no longer enforce creator royalties.
enthusiasm all around to the left NFT market has been understaffed recently on Crypto Twitter as a marketplace take a step back in honoring creator copyrights. Transaction volume is slowing, and it may not just be the nasty bear market vibes: Rival blockchain network Aptos also seems to be gaining attention.–and funds–Some Solana NFT traders.
aptosThe so-called “Solana killer,” backed by $350 million in VC funds, launched its mainnet from crypto watchers to pessimism and pessimism last week He criticized the supply and distribution of the APT token and He claimed that blockchain was technically overwhelming.
But despite all that, NFTs on Aptos are currently selling it with its top project.–Aptos Monkeys– Outperforms both Solana and all other NFT collections on Ethereum in terms of 24-hour trading volume.
Aptos NFT marketplace Topaz has raised $5.46 million to date in NFT transactions since its launch on Oct. 0xclick trap said Decrypt the password. Since its launch Tuesday afternoon, Aptos Monkeys alone has generated more than $2.3 million in trading volume (253,000 APT), according to Topaz data. In contrast, currently the best-selling collectible on OpenSea is CryptoPunks, which generated 559 ETH, or around $800,000, in the last day.
Trading volume on Topaz “basically doubling every day” 0xclick trap said decrypt.
Aptos does not yet have NFT data analysis platforms that collect public blockchain data, but the figures provided by Topaz are in line with the flood of transactions seen in the market so far.
Topaz’s reported trading volume is nearly identical to that of the Solana NFT market magic heaven during the last day. Magic Eden reported 58,100 SOL worth of NFT transactions in the last 24 hours, which totaled $1.8 million compared to $1.71 million for Topaz in the same period.
Other data collected by the analytics platform sand hill He suggests there has been a mostly bearish trading volume trend for Magic Eden over the past few days – gradually falling from around 100,700 SOL on Friday to 58,400 SOL on Monday, but the market rallied to around 79,400 SOL on Tuesday.
Market-wide, data analytics platform nansen Solana reported that NFT trading volume has dropped 33% over the past 30 days compared to the previous period – from 3.08 million SOL to 2.08 million SOL – and that washes on suspected market manipulation have been removed from the data. EthereumMeanwhile, the NFT market increased by about 6% over the same period.
Crypto Twitter is full of examples of Solana traders Chatting about jumping into the Aptos area, which some say reminds them of the early days of their Solana NFT. The change could explain the fluctuations in liquidity in both markets.
Aptos Monkeys has made the biggest leap forward in the emerging blockchain yet, but pixel art, flamingo-themed Aptomingos have also moved huge numbers, accumulating Nearly 100,000 APT ($882,000) in trading volume to date. The cheapest available Aptomingos NFT is currently listed at 78.5 APT (about $700).
In the last 24 hours, Aptos Monkeys has generated significantly more trading volume on Topaz than the DeGods spinoff, the top Solana NFT project. y00ts—Magic produced at Eden (5,700 SOL or $177,000).
The shifting momentum is also driving some creators away from Solana with NFT projects. Zodiac World, Mogu Dragonzand Best Sharks in Aptos— they announced they were “moving to Aptos” to capitalize on the hype. By the way, the current project Okay Bulls said it will be today Migrating to AptosIt allows NFT owners to trade in for an Aptos version.
This trend has caused grunts among some Solana patterns on Crypto Twitter, as some remember what it is. Close ProtocolA platform that uses the same Rust programming language as Solana.
As with Aptos, there was early excitement about NFTs in Near, and many Solana traders rushed into the space to try and seize the opportunity – but that didn’t last long. Top Near marketplace Paras has under $5,000 trading volume in the last day. DappRadar.
It is not yet clear whether Aptos will repeat this rapid cycle of rise and fall or transform into the next Solana, but the early momentum is building. With bears and other anticipated mints are still on the horizon, traders will no doubt watch closely to see if Aptos can provide a sustainable challenge – especially if Solana NFTs return.
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