Tensor, the NFT trading platform on Solana, has outpaced Magic Eden, seizing the top spot in trading volume. Over the last month, Tensor’s NFT trading volume surpassed $1 million, almost doubling Magic Eden’s. This gives Tensor a 60% market share, with Magic Eden trailing at under 30%. While Magic Eden boasts more unique wallet users (116k) and a 70% engagement rate, Tensor’s 86k wallets and 52% engagement rate are making waves.

Ilja Moisejevs, Tensor’s co-founder, shared their journey, acknowledging early challenges. They adopted an iterative approach, shaping the product based on user feedback, akin to the Bloomberg terminal. Despite Solana’s native token (SOL) dipping to $8, Tensor remained committed, aligning its identity strongly with the Solana ecosystem.

Moisejevs stressed the symbiotic relationship between Tensor and Solana, emphasizing the platform’s success hinging on Solana’s mass adoption. Initially geared toward pro-traders, Tensor is now expanding to cater to retail traders.

Community speculation surrounds Tensor’s potential airdrop strategy, mirroring Blur. The Tensorian NFT collection, offering unique access to pro trading products and exclusive chat rooms, currently boasts a $11.5 million trading volume.

Weekend Whale, a pseudonymous NFT trader, found Tensor an instant ‘home’ for trading after the collapse of FTX. Tensor’s familiarity with centralized exchanges and belief in its future potential kept Weekend Whale loyal.

Retired Chad Dev, another pseudonymous trader, appreciates Tensor’s intuitive interface, reminiscent of centralized exchanges. As a former market maker and token trader, they feel right at home with Tensor’s UI.

In the fiercely competitive Solana NFT landscape, Tensor’s rise showcases its commitment to user feedback, the Solana ecosystem, and a vision that resonates with both pro and retail traders.