“Okay Bears,” the Solana NFT Collection, generated $18 million in its first day of sale

"Okay Bears," the Solana NFT Collection, generated $18 million in its first day of sale

“Okay Bears,” the Solana NFT Collection, generated $18 million in its first day of sale

Okay Bears, a new NFT initiative based in Solana, has generated record trading figures that outperform those of popular Ethereum blockchain projects since its launch on Tuesday. Although OpenSea statistics said that 187,543 SOL (about $18.4 million) was sold in the first 24 hours, this amount has now risen to 242,500 SOL (roughly $24 million) at the time of writing.

Launched on Magic Eden’s first-of-its-kind NFT marketplace with each of 10,000 distinct, PFP-styled cartoon Ursidae figures available to the mint for 1.5 SOL (about $145). Secondary sales of the collection exploded in the 24 hours following the mint, possibly as a result of OpenSea’s integration of Solana, driving up the collection’s floor price and, consequently, its entire trade volume.

To everyone’s surprise, despite being based on the more popular Ethereum blockchain, the record-breaking mint and subsequent 24-hour trade window yielded figures that surpass those of other recently created collections. For example, VeeFriends V2 by Gary Vee brought in $13.1 million, while Imaginary Ones by Yuga Labs brought in $11.9 million.

In addition, Solana’s 24-hour NFT trade volume increased 216 percent to $29.1 million as a result of the milestone trade window. As a comparison of the scaling differences between Solana and Ethereum, Ethereum’s NFT trade volume was $104 million during the same time period, despite a decrease of 25%.

Click here for more Articles

Leave a Reply

Your email address will not be published.