Best Marketplace for NFTs on Solana

The best NFT marketplaces on Solana provide fast and convenient trading of non-fungible tokens. Platforms like Magic Eden, Solanart, and Tensor are leading with solid trading features, competitive fees, and support for the most popular Solana NFT collections.

These marketplaces make it easy to discover, buy, and sell NFTs, addressing both collectors and creators on Solana. But with several great options available, you might be wondering which one to go with.

We looked at things like listing and trading fees, user interface, security features, wallet compatibility, and marketplace activity, and synthesized them in the table below.

1. Tensor Trade

Tensor Trade is currently the top Solana NFT marketplace thanks for its user-friendly interface. It features the deepest liquidity on Solana, covering over 30,000 collections. Advanced trading options, like limit orders and market-making, make it attractive to pro traders.

The platform also offers a unique price lock feature for long or short positions with a 3% upfront fee. Tensor supports creators with collection management tools and a launchpad for NFTs. It also comes with its own NFT collection called Tensorians for the most dedicated fans.

We recommend Tensor for its deep liquidity and advanced trading tools, making it a great pick for experienced traders wanting to capitalize on a fast-moving market.

• Lifetime Sales: 4.54+ million
• Cumulative Volume: $615.57 million
• Total Traders: 428,000+
• Supported Chains: Solana

2. Magic Eden

Magic Eden is another popular NFT marketplace on Solana with huge multi-chain support. It integrates smoothly with Solana wallets, allowing easy buying and selling of NFTs. Magic Eden's Launchpad ensures only high-quality projects are listed, with only 3% passing the application process.

The platform also supports Magic Tickets, providing users DAO access to marketplace decisions. Plans for multichain support include Ethereum, starting with the Ezu collection. As of December 2024, Solana NFTs represent 27.7% of Magic Eden's activity, compared to 52.8% for Ethereum and 19.6% for Bitcoin.

Magic Eden is a vibrant choice for collectors who want access to exclusive drops and smooth multi-chain support.

• Lifetime Sales: 23.07+ million
• Cumulative Volume: $2.89 billion
• Total Traders: 1.91+ million
• Supported Chains: Solana, Ethereum, Bitcoin

3. Solanart

Solanart is the first NFT marketplace on Solana, recently undergoing a serious transformation. Its new UX/UI and API now provide an even better browsing experience. The platform introduced custom fees for creators and buyers, allowing more flexibility, among other features.

A shopping cart feature now enables users to buy multiple NFTs from different collections. Light/dark mode options and optimized mobile browsing are part of its recent improvements. Solanart attempts to deliver the best possible buying experience for NFT traders over its competitors.

We favor Solanart for those who value a curated, community-driven marketplace with personalized control.

• Lifetime Sales: 851,000+
• Cumulative Volume: $683.99 million
• Total Traders: 250,000+
• Supported Chains: Solana

4. OpenSea

OpenSea, originally focused on Ethereum, now also supports Solana NFTs for cross-chain compatibility. This gives Solana users access to the world’s largest NFT platform. Integrated minting allows users to create Solana NFTs directly within OpenSea.

The platform offers tools like rarity ranking, real-time data, and collection analytics. OpenSea's broad market reach helps boost Solana NFT's visibility. Compatibility with Phantom and Solflare wallets makes managing assets easy.

OpenSea is perfect for collectors seeking cross-chain NFT opportunities with intuitive features that make managing Solana and Ethereum assets simple.

• Lifetime Sales: 623,000+
• Cumulative Volume: $54.64 million
• Total Traders: 154,000+
• Supported Chains: Solana, Ethereum, and others

5. SolSea

SolSea is the first open marketplace (NFTs sold in an auction) on Solana, offering integrated minting for easy access. NFTs come with embedded licenses (NFT-PROs) that clearly define usage rights. The platform supports multiple wallets, including Phantom and offers fiat purchases through Moonpay.

SolSea charges a 2% marketplace fee, along with additional minting fees depending on file size. The "SolSea Reborn" update brought features like live mints, a slide-in wallet view, and lower fees. SolSea's focus remains on upgrading the user experience and fostering a creator-friendly community.

SolSea works best for creators who need clear licensing and complete control over NFT usage, making it a strong platform for fostering transparency.

• Lifetime Sales: 183,000+
• Cumulative Volume: $32.54 million
• Total Traders: 78,000+
• Supported Chains: Solana

What is a Solana NFT Marketplace?

A Solana NFT marketplace is a digital platform where users can buy, sell, and mint NFTs (non-fungible tokens), including digital art, music, and virtual assets, using Solana's high speed, thanks to its Proof-of-History consensus mechanism. These marketplaces provide low transaction fees, fast processing times, and broad wallet compatibility, making them ideal for both collectors and creators.

The first Solana NFT marketplace, Solanart, was launched in 2021 during a period when NFTs were gaining massive popularity, especially on the Ethereum blockchain. It was created to offer an alternative to Ethereum's high transaction fees and network congestion, providing a more scalable and cost-effective platform for NFT trading.

Are Solana NFTs Still Popular?

Solana NFTs have declined in popularity recently, overtaken by the rise of Ethereum and Bitcoin NFTs. Statistics from the last 30 days show that Solana's NFT sales were $84 million, which is far behind Ethereum's $256 million and Bitcoin's $199 million.

Currently, Solana has become a hub for meme coins, largely driven by platforms like Pump.fun and Raydium. However, there are indicators suggesting that NFTs on Solana might stage a comeback, despite this being a controversial outlook.

The ongoing meme coin craze may eventually slow down, leaving room for Solana to explore new use cases. To stay competitive, Solana will need to find alternatives beyond meme coins, and NFTs appear to be the most aligned given their history in the ecosystem.

Despite current challenges, the passionate Solana community and upcoming innovations signal that a resurgence is on the horizon, making it an exciting time to keep a close watch on the sector. Furthermore, these marketplaces could play the key role in attracting users back to Solana NFTs.

Top Solana NFT Collections

Solana's NFT network is home to several notable collections that have accumulated considerable monetary value and a devoted following. Below are the top five collections, each with its defining characteristics, community size, and sales statistics (thanks to CryptoSlam).

• ZEREBORN: Leading with $8.5 million in sales, ZEREBORN is famous for its surreal, avant-garde art style and its devoted community of collectors.
• Mad Lads: With $7.5 million in sales, Mad Lads stands out for its playful, whimsical artwork and has attracted over 311,000 unique owners, making it a widely held collection on Solana.
• Solana Monkey Business: This iconic collection has reached $5.2 million in sales and features pixel art monkeys that embody the spirit of early NFTs, with a strong community and consistent trading activity.
• DogeZuki Collection: At $4.8 million in sales, DogeZuki has the highest number of transactions among the top collections, with a total of 116,561, reflecting its immense popularity.
• Retardio Cousins: With $4.5 million in sales, Retardio Cousins is appreciated for its satirical take on popular culture, attracting a unique base of 446 buyers and 1,873 devoted owners.

Best Crypto Wallet for Trading NFTs on Solana

Having the right Solana wallet is very important for reliably managing and trading NFTs on Solana, especially when interacting with popular marketplaces like Magic Eden. The best wallets offer security, ease of use, and advanced features like integrated staking.

Datawallet recommends Phantom, Solflare, and Ledger as the top three wallets for trading NFTs on Solana. Here is why:

1. Phantom: A native Solana wallet that allows easy storage, trading, and staking of NFTs. It supports most major Solana marketplaces and offers browser and iOS compatibility.
2. Solflare: An all-in-one wallet for SOL tokens and NFTs, available on desktop, mobile, and as a browser extension. It includes a 24-word mnemonic phrase and broad marketplace compatibility.
3. Ledger: A hardware wallet offering unmatched security for Solana assets. It allows users to securely store SOL and NFTs offline, providing enhanced protection against hacks and phishing.

Bottom Line

Solana NFT marketplaces are imperative because they provide accessible platforms for creators and collectors, supporting the growth of the network. However, their popularity is tightly correlated with the demand for Solana NFTs, and currently, only 17 of the top 100 collections are built on Solana.

The big question remains whether Solana NFTs can truly challenge Ethereum and Bitcoin NFTs as we head into 2025. However, the great thing is that collectors and creators have multiple top-tier platforms to choose from, including Magic Eden, Tensor, and Solanart, so Solana is well-set for another NFT rally.