Top 5 NFT Marketplaces on Solana in 2023

The list below is a high-level overview of the top 5 NFT Marketplaces on Solana ranked from first to fifth. The methodology used to rank these platforms is based on the platform’s available NFTs, daily users, liquidity, volume, user experience and fees.

1. OpenSea Solana

OpenSea is the world's largest NFT Marketplace by volume that is deployed on different blockchain networks including Solana, Ethereum, Arbitrum, Polygon, Avalanche and many others. Their platform offers the widest variety of NFTs and has the most user friendly UX for Solana Wallets like Phantom Wallet and Sollet.

Some of the top Solana NFT collections on OpenSea include ABC (abracadabra), y00ts, DeGods, Solana Monkey Business and more.

OpenSea on Solana
OpenSea on Solana.

2. Magic Eden

Magic Eden is a fantasy NFT marketplace specifically built for Solana, but has now spread to multiple chains including Ethereum and Avalanche. It enables users to explore and collect rare virtual items, build their own collections, find new friends and become an integral part of the crypto gaming & NFT world.

The platform also features an in-game reward system which incentivizes players to be more active. Players can earn rewards such as magic points, which can be used to purchase exclusive NFTs and items.

Magic Eden NFT Marketplace on Solana.
Magic Eden NFT Marketplace on Solana.

3. Goatswap

Goatswap is an Automated Market Maker (AMM) for Solana-based NFT’s and tokens. The platform enables users to easily swap between different NFTs and tokens at the best market price. It also features a built-in liquidity pool which allows users to earn passive income by providing liquidity to the platform.

Goatswap offers an intuitive UI, low fees, and lightning fast transactions on Solana blockchain. It is currently one of the most popular AMMs for NFTs and tokens on Solana.

Goatswap NFT AMM
Goatswap NFT AMM.

4. Coral Cube

Coral Cube is a digital collectibles platform built on the Solana blockchain. It offers an array of unique and rare digital assets that are tradable, collectible and redeemable for real-world rewards such as gift cards, gaming items, discounts and more.

The platform also features its own on-chain marketplace, where users can buy and sell Coral Cube NFTs with other users. It also offers an easy to use staking feature which allows users to earn rewards in the form of CORAL tokens.

Coral Cube NFT Aggregator on Solana.
Coral Cube NFT Aggregator on Solana.

5. Solsea

Solsea is a digital asset platform that allows users to create, collect and trade digital items on the Solana blockchain. It features its own marketplace, where users can buy and sell NFTs with other users or directly from the platform’s inventory.

The platform also offers an easy to use wallet which allows users to easily store, manage and trade their digital assets in a secure environment. It also has a built-in rewards system which incentivizes users to be more active through game tournaments, leaderboards and more.

Solsea Marketplace
Solsea Marketplace.

Why are NFTs so popular on Solana?

Non-fungible tokens (NFTs) have become increasingly popular on the Solana blockchain for a few reasons. First, Solana is a fast and scalable blockchain that can process thousands of transactions per second, which makes it well-suited for applications that require high transaction throughput, such as NFT marketplaces.

Second, Solana's low transaction fees make it more accessible for users to buy, sell, and trade NFTs. Finally, Solana has a growing developer community that has built a number of tools and infrastructure to support the creation and use of NFTs, which has further fueled their popularity on the platform.

What are the most popular NFT collections on Solana?

One of the key aspects to Solana's success with respect to building an NFT ecosystem was a few key collections breaking out and becoming popular within mainstream audiences.  Some of the most popular collections on Solana include:

  • DeGods
  • ABC
  • y00ts
  • Immortals
  • Shadow Super Coder DAO

Final Thoughts

NFTs have become a popular way to express creativity, ownership and value on the Solana blockchain. With its fast transaction speeds, low fees and growing developer community, Solana has created an ideal environment for NFTs to flourish. As more users adopt this technology and new collections continue to be released, we can expect it to become even more popular in the years to come.  

When it comes to getting started with a marketplace, the best two would be OpenSea and Magic Eden. If you are looking for grassroots Solana NFTs, Magic Eden may be a better experience for you - otherwise we generally recommend OpenSea as the largest and most trusted marketplace.