Solana’s NFT marketplace booms, with Tensor in top spot

The NFT trading platform Tensor, which launched earlier this year, has taken the number one spot in Solana’s NFT marketplace, overtaking Magic Eden in trading volume on the network.

Over the past month, Tensor has seen an NFT trading volume of over $1 million, almost double Magic Eden’s, according to analytics platform TIEXO. 

This means that Tensor makes up an estimated 60% of the total NFT trading market share on Solana, with Magic Eden coming in under 30% of total volume.

Magic Eden still has more unique wallet users than Tensor, however, with roughly 116 thousand wallets and a 70% engagement rate compared to Tensor’s 86 thousand wallets and 52% engagement rate.


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