Solana’s Okay Bears Launches With $18 Million USD in Sales

Solana NFT trading volume has jumped thanks to a new NFT project, Decrypt reported. The Solana-based Okay Bears avatar series was so popular upon its release yesterday that the project generated more trading volume than any individual Ethereum project.

Launching with a mint price of 1.5 SOL ($145 USD), secondary market sales soared, increasing the price of the collection and engendering millions of dollars in trading volume, according to Decrypt.

Reminiscent of Bored Ape Yacht Club, the Okay Bears collection comprises 10,000 different bear avatars in a variety of colors and outfits.

OpenSea’s tracking of Okay Bears reported 187,543 SOL worth of secondary trading within the last day, equating to $18.4 million USD.

This reportedly marks the first time a Solana NFT project has beat out an Ethereum one. Solana trading volume has also increased by 216% over the past day.

Sold out. We ARE Okay ?? pic.twitter.com/QxuLpeY1Jt

— Okay Bears (@okaybears) April 26, 2022

In other NFT news, a major Takashi Murakami exhibition fuses virtual and physical artworks.