Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
Blockchain_Blockchain Technology - yuyjo.com
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
No Result
View All Result
Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
Advertisements

Tensor Claims Top Spot in Solana’s NFT Marketplace, Surpassing $1 Million in Trading Volume

Madonna by Madonna
12/08/2023

Tensor, the NFT trading platform launched earlier this year, has emerged as the leading player in Solana’s NFT marketplace, surpassing Magic Eden in trading volume on the network. Over the past month, Tensor has achieved an NFT trading volume exceeding $1 million, nearly doubling Magic Eden’s figures, according to analytics platform TIEXO.

Advertisements

This milestone positions Tensor with an estimated 60% of the total NFT trading market share on Solana, while Magic Eden trails at under 30% of the total volume. Despite Tensor’s dominance in trading volume, Magic Eden maintains a higher number of unique wallet users, boasting approximately 116 thousand wallets and a 70% engagement rate, compared to Tensor’s 86 thousand wallets and 52% engagement rate.

Advertisements

The data suggests that Tensor attracts traders engaging in higher volumes, while Magic Eden caters to a larger audience of casual NFT buyers.

Advertisements

Ilja Moisejevs, the co-founder of Tensor, shared insights into the platform’s journey, stating that the initial user acquisition involved direct outreach to top traders. The team focused on iterating the product based on user feedback, evolving from an interface resembling the Bloomberg terminal to cater to a broader audience.

Advertisements

Tensor’s strong ties to the Solana ecosystem remain evident, with Moisejevs expressing commitment even during challenging times, such as a dip in the price of SOL, Solana’s native token. The success of Tensor is intricately linked to Solana’s overall success, with the belief that Solana can play a pivotal role in bringing crypto and NFTs to a broader audience.

Initially designed as a trading platform for pro-traders, Tensor is gradually expanding its appeal to retail traders. There is speculation within the community that Tensor might adopt an airdrop strategy similar to Blur, another Ethereum NFT trading platform. The Tensorian NFT collection, designed to provide unique access to pro trading products and exclusive chat rooms, currently boasts a trading volume of $11.5 million, making it one of the most popular collections on Solana.

Loyal customers, including traders like Weekend Whale and Retired Chad Dev, highlight Tensor’s intuitive user interface, resembling centralized exchanges, as a key factor in their loyalty. The platform’s familiarity, coupled with the belief in its significant future potential, has solidified its position as a preferred choice among NFT traders in the Solana ecosystem.

Previous Post

NFL Rivals Surpasses $2 Million in NFT Trading Volume, Demonstrating Significant Growth

Next Post

Brazil to Lead G20 Discussions on Digital Currency Integration for Financial Transactions

Madonna

Madonna

Madonna, the esteemed author of our blockchain website, is a recognized authority in the field. With a wealth of experience and expertise, she brings a profound understanding of blockchain technology. Her professional insights and commitment to excellence make her a trusted source for navigating the complexities of the blockchain industry.

Related Posts

NFT Market Sees Surge in Trading Activity, Ethereum Maintains Dominance
Market

NFT Market Sees Surge in Trading Activity, Ethereum Maintains Dominance

05/23/2025
NFT Market Sees Resurgence with 17% Weekly Growth, Ethereum Maintains Dominance
NFT

NFT Market Sees Resurgence with 17% Weekly Growth, Ethereum Maintains Dominance

05/23/2025
Trump Launches “Trump Points” NFT Loyalty Platform: Meme Coin Meets Digital Collectibles
NFT

Crypto Market Update: Bitcoin Hits $110K Amid Key Regulatory & Geopolitical Developments

05/23/2025
Gate.io and Red Bull Racing Launch Historic NFT Collection Celebrating Formula 1 Legacy
Market

Gate.io and Red Bull Racing Launch Historic NFT Collection Celebrating Formula 1 Legacy

05/23/2025
Telegram Launches TON Blockchain-Based NFT Gift Marketplace
Market

Telegram Launches TON Blockchain-Based NFT Gift Marketplace

05/23/2025
Building an NFT Decentralized Exchange (DEX): A Beginner’s Guide
Market

Building an NFT Decentralized Exchange (DEX): A Beginner’s Guide

05/23/2025
Next Post

Brazil to Lead G20 Discussions on Digital Currency Integration for Financial Transactions

Taiwan Central Bank Completes CBDC Study, Gathers Feedback on Platform Design

The OKCoin: Is it a Wallet or More?

Recent Posts

The SEC has postponed the approval of several cryptocurrency ETFs, and the market expects that they will not be approved before 2025

The SEC has postponed the approval of several cryptocurrency ETFs, and the market expects that they will not be approved before 2025

05/23/2025
Which Is The Best Cryptocurrencies to Invest in Right Now

Market Overview: Bitcoin Breaks $107K as AI and Policy Shifts Shape Crypto Landscape

05/23/2025
NFT Market Sees Surge in Trading Activity, Ethereum Maintains Dominance

NFT Market Sees Surge in Trading Activity, Ethereum Maintains Dominance

05/23/2025
NFT Market Sees Resurgence with 17% Weekly Growth, Ethereum Maintains Dominance

NFT Market Sees Resurgence with 17% Weekly Growth, Ethereum Maintains Dominance

05/23/2025
Trump Launches “Trump Points” NFT Loyalty Platform: Meme Coin Meets Digital Collectibles

Crypto Market Update: Bitcoin Hits $110K Amid Key Regulatory & Geopolitical Developments

05/23/2025
Gate.io and Red Bull Racing Launch Historic NFT Collection Celebrating Formula 1 Legacy

Gate.io and Red Bull Racing Launch Historic NFT Collection Celebrating Formula 1 Legacy

05/23/2025
Blockchain_Blockchain Technology - yuyjo.com

Yuyjo is a blockchain portal. Its main columns include Cryptocurrency, NFT, Crypto exchange, Digital currency, Metaverse and other columns. 【Contact us: wougua@gmail.com】

Recent News

  • The SEC has postponed the approval of several cryptocurrency ETFs, and the market expects that they will not be approved before 2025 05/23/2025
  • Market Overview: Bitcoin Breaks $107K as AI and Policy Shifts Shape Crypto Landscape 05/23/2025
  • NFT Market Sees Surge in Trading Activity, Ethereum Maintains Dominance 05/23/2025

TAGS

APENFT Binance Binance Futures Bitcoin CBDC Coinbase Coinbase Account Coinbase Wallet Digital Coin Digital Dollar Digital Rupee Digital Yuan Ethereum Facebook Metaverse Gemini Kraken NFT Coin NFT Collection OKCoin
No Result
View All Result
  • Home
  • Latest
  • Market
  • Crypto Exchange