An NFT on the Solana blockchain sells for $ 2.1 million and sends a “challenge signal” to Ethereum

An NFT from Solana Monkey Business, a collection of 5,000 NFTs minted on the Solana blockchain, has just successfully sold an NFT for 13,027 SOL (~ $ 2.1 million) – making it the most expensive NFT to date Solana base.

https://twitter.com/SMB_SalesBot/status/1444003267667759143?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

SolMonkey is mentioned as # 1355. It’s the rarest NFT in the collection, complete with a skeleton (only 2.42% SolMonkeys have this feature), an orange jacket (1.06%), and a jeweled tiara (0.02%).

The first Solana-based NFT, which sold for over $ 1 million, took place just three weeks ago and provides further evidence that the Ethereum blockchain is losing absolute dominance over the NFT.

Record high gas fees plagued the Ethereum blockchain since May of this year. This has pushed users into alternative blockchains like Solana, BSC, Cardano or Polkadot / Kusama. According to Solanalysis data, tokens residing on Solana have exceeded a market cap of $ 1 billion with a trading volume of $ 85 million.

The source: Solar analysis

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According to The Block

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