Magic Eden and Tensor, the two NFT Marketplace platforms on Solana, have had fierce competition in terms of trading volume over the past 24 hours thanks to the effect of the NFT Mad Lads collection.
According to the announcement on Twitter, the NFT Marketplace Tensor platform said that its 24-hour trading volume has reached 108073 SOL ($2,424 million). This represents 46.9% of the total trading volume of the top five markets on Solana.
However, this was short-lived, as Magic Eden regained the spot just hours later. At the time of writing, Magic Eden is having a trading volume of 104820 SOL, while Tensor is recording a trading volume of 100000 SOL, according to data from Tiexo .
Trades on both markets are dominated by Mad Lads, a collection of NFTs by Backpack, a crypto wallet on Solana that launched last Friday.
Although it has only been released for a few days, Mad Lads has become a craze in the NFT communities. According to CryptoSlam , in the past 24 hours, Mad Lads secondary sales have reached over $1.85 million, which makes Mad Lads the most traded collectible on all blockchains.
Activity on the ensor started to increase significantly last month after it launched an Airdrop as part of its rewards program, a strategy similar to what NFT Marketplace Blur recently implemented to attract attention. client from OpenSea.