Ethereum has been the most popular blockchain network for the NFT industry. However, in 2022, Solana accomplished two major milestones. In May, it crossed the 24-hour NFT trading volume of Ethereum, and in June, the chain crossed $2 billion in lifetime NFT sales. 

The most significant reasons for this could be Solana’s faster transactions and lower gas fees. When it comes to these factors, the Ethereum chain is far behind, even if you take the Ethereum Merge into the consideration. 

Thus, now would be a good time to release your NFT collections on the Solana chain. However, you might wonder which marketplace to go for. You might have come across Magic Eden, Solsea, Solanart, and many more. But which one would best suit your requirements and needs? 

Well, we’ve got a list of the top 10 best Solana NFT marketplaces. With this, you can decide which one to choose for your NFT collection. Let’s get right to it.


Top 10 NFT Marketplaces on Solana

1. Magic Eden

magic eden

Magic Eden is the most popular NFT marketplace on Solana and is the hub for up to 90% of the chain’s NFT transactions. The platform is known for its user-friendly interface and low transaction fees of a meager 2%. It is also known to be creator and artist-friendly because it doesn’t charge any listing fee. 

Besides this, the platform also has a launchpad that can be leveraged by creators to launch their collections. However, there are downsides as well. Magic Eden’s mobile app allows only searching for NFTs but not buying/selling. 

Furthermore, the platform has numerous NFTs and collections which look like rip-offs of popular collections. This can be because it is unmoderated and open to all. The launchpad feature doesn’t offer customization in the sales process. 

For instance, it doesn’t have any whitelist feature that people can use for their sales. The platform does have a whitelisting tool, but that is separate from the launchpad. Thus, the process to launch your NFTs becomes more tedious and complex.  

More importantly, the platform also launches NFTs of less than 5% of the applicants, which means that the chances of your project getting accepted are very low. Besides these limitations, the platform is a good space for collectors and creators.


2. Solanart

solanaart

Solanart is Magic Eden’s biggest rival when it comes to being an NFT marketplace and a launchpad for NFT projects. On paper, Solanart is less popular than its competitor. This is due to multiple factors. Solanart has lesser users and a lesser trading volume compared to ME.

Besides this, the platform charges a 3% transaction fee which is 1% higher than the previous marketplace on this list. Solanart supports about 12 crypto wallets whereas ME supports about 18 crypto wallets. While the former does have its own launchpad, the features are less dynamic and robust than that of Magic Eden.

However, as a standalone platform, Solanart is pretty good, even if it doesn’t have the edge over Magic Eden.


3. DigitalEyes

digitaleyes

DigitalEyes is an NFT marketplace that was launched only last year. The platform is easily navigable and makes the process of buying and selling NFTs extremely simple. Besides this, the key feature of the platform is its extensive FAQ and Blogs section.

These tabs on the website give you all information about the platform, the latest updates, features, and more. In fact, they go the extra mile to teach you about setting up your wallet, understanding the worth of NFTs, and act as a beginner’s guide to the NFT industry.

The platform also has a launchpad in the making and the team will share updates for that shortly. When it comes to the fees, it charges a 2.5% transaction fee, which is lesser than Solanart.


4. Solsea

solsea

Solsea is the oldest and the first NFT marketplace on the Solana blockchain. Although the platform isn’t as popular as ME or Solanart, it has a few unique features that might interest you as a creator.

Firstly, when you mint and enlist your NFTs on the marketplace, you can not only decide the price but also how the NFTs must be used. There’s a licensing system that instructs the users on the usage of the NFTs they purchase.

Besides this, the platform also has a rarity ranking system as a built-in system that determines the rarity levels of the various NFTs and showcases these to the audience. The platform also charges a fee of 2% on the transaction just like ME.


5. Coral Cube

coral cube

Coral Cube is not like your traditional NFT marketplace. It is an NFT marketplace aggregator which means that it enlists NFTs from different marketplaces and enables the customers to choose from a variety of collections from one place itself.

It has also recently partnered with Magic Eden for the MetaShield feature, which helps creators in protecting their NFTs from being sold in marketplaces that do not honor their royalty program. This will occur through the Coral Cube Inspector which has numerous settings for creators to ensure that their royalties are paid by the collectors and buyers.

The platform also plans on launching a rewards program with its own native currency that people can buy and leverage to be rewarded for their loyalty to the platform.


6. Fractal

Fractal is one of the most recent NFT marketplaces to have come out on the Solana chain. Founded by a team that includes the founder of Twitch, Google Drive, and the Co-founder of XP Media, the platform launched with the biggest NFT drop on the platform.

It was built with the vision of creating a marketplace of in-game NFT assets for the Solana blockchain. However, the platform also plans on moving toward cross-chain games and providing its services on other blockchain networks as well.

The marketplace is still being built and features are still being added, including their own launchpad. However, this would take some time to develop and be fully operational. The platform only charges 2% transaction fees.


7. Exchange.Art

Exchange art

Exchange.Art is a Solana NFT marketplace that has established its niche in digital fine art. It aims to create a space for artists, photographers, and creators of other visual mediums.

Besides these, it also promotes the marketplace as a platform for aficionados, collectors, and enthusiasts of art. The platform has a nominal transaction fee of 2.5%, but one also has to pay a separate network fee.


8. Hyperspace

hyperspace

Hyperspace is another NFT marketplace aggregator which acts as a direct competitor to Coral Cube. The platform has a detailed and immaculate guide on its various features, how it works, and more. This enables the users and potential customers to navigate the marketplace relatively easily.

Hyperspace also has its own rarity level system and the docs section will explain how it is calculated as well. Overall, it is a very user-friendly place for NFT collectors. Above and beyond this, the platform also charges only 1% transaction fees + additional royalty fees based on the creator and the NFTs.


9. Artz.ai

artz

Artz.ai is one of the first NFT marketplaces on Solana which is completely decentralized in nature. This is completely opposite to the Magic Eden marketplace which is criticized for its centralized nature.

The platform charges a flat 2% transaction fee and there is no listing fee, just like ME. The marketplace sets itself apart by giving the creators more power than the team behind the platform. This way they have more control over their NFTs being enlisted or delisted.

The overall UI and design of the platform is sleek and simple. The explore layout is made simplistic and people can easily navigate through the platform.


10. FTX

FTX

FTX is a recent marketplace that functions both on Solana and Ethereum. The platform gained immense popularity almost immediately after launch. Today, after two years, the platform has some of the most popular NFTs enlisted on its marketplace. 

This includes NFTs from Decentraland, Bored Apes Yacht Club, and more. However, the platform also charges exorbitant fees compared to other Solana NFT marketplaces. It has separate fees for minting, listing, transaction, transfer of fiat assets to buy crypto, and more. 

Thus, despite being a popular NFT marketplace, it is pretty expensive to buy, sell, and create NFTs.


Conclusion

Overall, these are the top 10 best Solana NFT marketplaces. But we’re not done yet. We can categorize the best platforms based on their strongest features as well.

• Most User-friendly Marketplace: Magic Eden

• Most Economical Marketplace: Magic Eden for Collectors. CreatorMachine for Creators. 

CreatorMachine isn’t mentioned here because it is a launchpad and not a marketplace. However, when we compare Magic Eden and CreatorMachine’s launchpad the latter is a better option. 

This is because the latter enables the creators to launch their NFT collection with whitelists, customized mint websites, and other marketing efforts as well. However, Magic Eden either doesn’t allow the features or charges more to perform them. 

For further details about the platform, you can reach out to the platform’s support team.

Contact Support

So, all in all, these are your top NFT marketplaces on Solana.