Solana’s Okay Bears Top All Ethereum NFT Projects With $18M in Sales in One Day

Although Ethereum remains the most popular NFT platform, growing challenger Solana is putting up a fight as new projects gain traction and key exchanges accept the network. A new Solana NFT project has produced more trade volume than any Ethereum project in the last day. Okay Bears, a Solana-based profile image project with 10,000 unique avatars, debuted on Solana NFT marketplace Magic Eden yesterday for 1.5 SOL (about $145) per NFT. Secondary market sales exploded, sending the collection’s price skyrocketing and earning millions of dollars in trade volume. Okay Bears is the most-traded collection tracked by renowned NFT marketplace OpenSea, topping out a number of well-known Ethereum collections. Over the previous 24 hours, the marketplace has seen 187,543 SOL worth of secondary trade, or nearly $18.4 million at Solana’s current pricing. This applies to the entire market, not just OpenSea sales. Sold out. We ARE Okay 👌🐻 pic.twitter.com/QxuLpeY1Jt — Okay Bears (@okaybears) April 26, 2022 In comparison, Gary Vaynerchuk’s new VeeFriends V2 launch saw 4,565 ETH ($13.1 million) worth of trade in the last 24 hours, as did 4,136 ETH ($11.9 million) for Yuga Labs’ recently purchased Meebits and 3,534 ETH ($10.1 million) for new project Imaginary Ones. This appears to be the first time that a Solana NFT project has outperformed individual Ethereum projects in terms of trading volume over a 24-hour period. According to CryptoSlam dat...