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# Okay Bears sets new records on Solana’s NFT market
- URL: https://btcpeers.com/okay-bears-sets-new-records-on-solanas-nft-market-2/
- Published: 2022-04-27T18:57:05.000Z
- Updated: 2023-09-24T15:27:24.000Z
- Author: John Williams
- Tags: NFT News, #saudu, #Import 2025-12-27 14:07

Although Ethereum has continued to dominate the NFT scenes, Solana is quickly becoming a worthy rival as new projects attract fresh capital to the rising rival. Interestingly, a new Solana NFT project has smashed previous records, generating more trading volume than its Ethereum counterparts.

Okay Bears, a collection of 10,000 bear avatars, made its debut yesterday and broken previous minting records on the Solana ecosystem. The floor price of the project, which minted at 1.5 SOL (about $145) per NFT, quickly surged to over 50 SOL within 24 hours.

According to data from leading NFT marketplace OpenSea, Okay Bears became the most-traded collection that it tracks, outshining a plethora of top Ethereum collections. In the past 24 hours, the collection has seen over 195,000 SOL worth of secondary trading volume (nearly $20 million at current market prices).

![](https://btcpeers.com/content/images/2022/04/Screenshot-2022-04-27-at-19-27-11-Top-NFTs-OpenSea.png)

Comparatively, Gary Vaynerchuk’s new VeeFriends V2 collection recorded 4,372 ETH ($12.5 million) worth of sales, Yuga Labs’ recently-acquired Meebits saw 4,140 ETH ($11.9 million) in secondary volume, and Imaginary Ones traded 3,766 ETH ($10.7 million) within 24 hours.

This is undoubtedly the first time that a Solana NFT project will beat individual Ethereum projects in terms of 24-hour sales volume. The rally pushed the trading volume of Solana NFTs by 216% over the past 24 hours, according to data from CryptoSlam. However, while Solana NFT trading volume is up to $29.1 million, Ethereum sits at $104 million.

> Yesterday on Solana:  
> ATH for the number of unique fee payers🤯  
> ATH for the number of programs (smart contracts) used📈  
> ATH for the volume of NFT traded🚀  
> ATH for the number of ATHs!!!🔥 pic.twitter.com/UtSA4UIdHy
> 
> — ChainCrunch (@chain\_crunch) April 27, 2022

As of press time, the cheapest Okay Bears NFT was worth 50 SOL (almost $5,000) on Solana’s top marketplace Magic Eden. Meanwhile, the NFT marketplace also tweeted that it had seen record overall NFT trading volume over the past day.

> 200,000 $SOL in 24 hours - That's almost 2x our last ATH  
>  
> We're early, and WAGMI 🚀 pic.twitter.com/o2pqE1Z4yX
> 
> — Magic Eden 🪄 (@MagicEden) April 27, 2022

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