SOL

Check Out the Top 5 NFT Marketplaces on Solana in 2023

by BSCN

January 25, 2023

Solana NFTs are on the rebound in 2023. Here are the top 5 marketplaces on the chain this year, including Magic Eden, Rarible, OpenSea, Solanart and Solsea.

Magic Eden Dominates the Rankings

So far in 2023, the Solana ecosystem has bounced back in a big way from the crash and doldrums from last year. A major contributor to that upswing is increased activity in the Non-Fungible Token (NFT) space.

(Check out a previous BSC News story about Solscan’s bullishness on the chain’s NFTs this year.)

Here are the top 5 NFT Marketplaces on Solana in 2023, ranked by number of Unique Active Wallets (UAW) in the past 30 days, according to statistics from DappRadar.

5. Solsea

Name: Solsea
30-day UAW: 1.41K
Increase: 18.68%
Volume: $40.26K

4. Solanart

Name: Solanart
30-day UAW: 1.63K
Increase: 23.39%
Volume: $257.45K

3. OpenSea

Name: OpenSea
30-day UAW: 4.69K
Increase: 9.07%
Volume: $379.74K

2. Rarible

Name: Rarible
30-day UAW: 54.05K
Increase: 87.53%
Volume: $43.32K

1. Magic Eden

Name: Magic Eden
30-day UAW: 181.31K
Increase: 24.19%
Volume: $99.25M

As you can see, Magic Eden is the clear leader in number of users in the past month with more than three times the UAW of its nearest competitor on the chain, Rarible. But even more striking is Magic Eden’s dominance in terms of volume, which is 100 times more than the combined volume of the other top four marketplaces.

What is Solana:

Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.