The winds are changing in the NFT space

The broader NFT market has seen decreasing trading volume over the last couple of months. Meanwhile, the gap between Solana and Ethereum NFTs continues to shrink.
Source: DappRadar, Dune (July 3)

Despite the distance between the networks, the smaller Solana market surpassed the NFT volume on Ethereum on May 24. Meanwhile, the number of daily active addresses on Solana was ~2.5x greater than Ethereum throughout June.

The pace of the Ethereum blockchain network has decreased while transaction costs have increased, making way for Solana-based NFT marketplaces to pick up steam.

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