[OurNetwork] NFT Marketplace Comparison

jp12
2 min readApr 7, 2022

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NFTs have had a breakout year in 2021 with marketplaces popping up on every blockchain. OpenSea is the clear leader on Ethereum but what about the NFT community on other chains? In this analysis we’re comparing OpenSea to top marketplaces on Solana (Magic Eden) and Terra (Random Earth).

OpenSea is the clear leader with daily sales volumes as high as $200M while Magic Eden managed to reach $6M. Random Earth on Terra is doing less than $1M daily.

Source: Flipside Crypto

Bored Ape Yacht Club has been in the news for many reasons recently and it’s popularity shows with more than $500M in sales in 2022. Mutant Ape Yacht Club is not far behind at $400M sales.

Source: Flipside Crypto

Over on Magic Eden, the Defi Pirates is the top selling collection with $4.5M sales. Taiyo Robotics which has seen a resurgence with the launch of Solport marketplace has also done quite well with $3M in sales.

Source: Flipside Crypto

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jp12

Product strategy by day. On-chain crypto analyst by night.