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Home»NFT»Solana NFT Market Tensor Overtakes Magic Eden In Trading Volume For The First Time
NFT

Solana NFT Market Tensor Overtakes Magic Eden In Trading Volume For The First Time

2023-04-26Updated:2023-04-29No Comments2 Mins Read
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NFT


Since saying the funding in early March and adopting the identical technique as Blur, Tensor’s transaction quantity and lively customers have elevated considerably. In April, cumulative lively customers reached 20,000, a brand new excessive.

Witnessed the rise of @SolanartNFT

Witnessed the rise of @MagicEden

Witnessed the rise of @tensor_hq

Witnessing the rise of @Solana pic.twitter.com/z2vVIs10RO

— Solana Sensei (@SolanaSensei) April 26, 2023

Tensor is an NFT market constructed on the Solana blockchain (identical to Blur on Ethereum), and Tensor’s first season, which kicked off September 22, 2022, ended a month and a half in the past. The second season has begun as of March 6, 2023.

Tensor organizes airdrops that may reward you whenever you meet sure circumstances to incentivize customers. This season, they are going to reward customers with new rewards, which can enhance exercise. Lower than two weeks since Season 2 began, and Tensor is already Solana’s 2nd largest NFT market (after Magic Eden). On this evaluation, it is possible for you to to watch the evolution of Tensor from all angles.

Tensor famous that there’s nonetheless no instrument to calculate the show of airdrop factors, however customers can begin looking instantly. Primarily based on the variety of factors, the person will obtain “secret bins”. The reward may even be equal to the “rarity” of the field.

Season 2 aired in lower than two months, and NFT gross sales on Tensor have elevated tremendously. The overall variety of gross sales since Season 2 aired is greater than 300% of the whole gross sales made in Season 1.

See also  Sotheby’s Breaks Ground with Historic Auction of Bitcoin Ordinals NFTs

NFT gross sales, Season 2’s one-week interval gross sales additionally appear to be doing effectively. The overall gross sales of Season 1 is the same as 41% of the whole gross sales of Season 2. That is sufficient to say that Tensor can be a really thriving ecosystem on this Season 2. The variety of NFT patrons within the new season has reached 268% of the whole in Season 1.

Solana NFT Market Tensor Overtakes Magic Eden In Trading Volume For The First Time

On the time of huge consideration, Solana’s NFT market introduced it had raised $3 million in a seed spherical led by the Placeholder funding fund, with participation from Solana Ventures, Huge Mind Holdings, and MonkeVentures.

DISCLAIMER: The Info on this web site is supplied as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your individual analysis earlier than investing.




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Eden Magic market NFT Overtakes Solana Tensor Time Trading Volume
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