TL;DR
Magic Eden, which downsized to Solana-only NFT support, is now tweeting that NFTs are trending again.
Robinhood’s blockchain is seeing over $1.5B in daily NFT trading volume, dwarfing Solana’s sub-$300M figure.
Magic Eden’s decision to pull back from multi-chain NFT operations may prove costly as the market rebounds strongly.
Magic Eden Scaled Back NFT Operations — Now Regretting It?
NFT marketplace Magic Eden, which previously downsized its operations and pivoted to focus solely on the Solana chain, is now publicly acknowledging the NFT comeback — posting on X (Twitter) that NFTs are trending again.
Robinhood Chain vs Solana NFT Trading Volume
The timing couldn’t be more telling: Robinhood’s blockchain is now recording daily NFT trading volumes exceeding $1.5 billion, while Solana struggles to hit even $300 million per day. For a marketplace that went all-in on Solana, the gap is hard to ignore.
NFT Market Revival Puts Pressure on Magic Eden
As the broader NFT market stages a strong recovery, Magic Eden’s earlier decision to retreat from multi-chain support is looking increasingly costly. The question now is whether the platform will pivot again to capture volume from competing chains before it’s too late.
Business DM@doosingod(TG)
Hello, I’m DOOSIN. KOR NFT Influencer & DOOSIN ALPHA Founder
If you want to promote your project in South Korea, feel free to contact me!
I can gather Korean KOLs and handle the marketing.
SNS
Leave a Reply