Sorare’s Move to Solana Could Boost Fantasy Sports Scalability, CEO Says, While Ethereum Support Continues

• Sorare migrates core NFT games to Solana to scale consumer-facing gameplay and marketplace activity.

• Sorare will continue to support Ethereum users through Base integration and ETH deposits.

• Key metrics: Sorare has ~5 million users; sports token market cap ~$1.17B; Sorare NFT floor fell from $91.25 (Apr 2022) to $2.21 (Oct 12), per market trackers.

Sorare migration to Solana: Sorare moves fantasy-sports NFTs from Ethereum to Solana for scalability, user growth and multichain plans. Read COINOTAG report.

What is the Sorare migration to Solana?

Sorare migration to Solana is a planned move that transfers more than 10 of Sorare’s fantasy-sports games and their associated trading-card NFTs from Ethereum to the Solana blockchain. The migration aims to deliver higher throughput, lower transaction costs and a consumer-friendly experience while maintaining support for Ethereum via Base and ETH deposits.

Why is Sorare moving from Ethereum to Solana?

Sorare’s leadership frames the switch as an upgrade, not a replacement. CEO Nicolas Julia says Solana currently leads the fantasy-sports vertical on metrics that matter to consumer platforms: revenue, daily active addresses, developer activity and total value locked. He highlighted Solana’s emphasis on scalability and speed as decisive factors.

According to COINOTAG reporting and public market trackers, Sorare has grown to roughly 5 million users since launch. The company — valued at $4.3 billion in October 2021 — expects the migration to complete by the end of this month. Nicolas Julia noted that Sorare will continue to support Ethereum users and integrate with Base to preserve ETH functionality and deposits.

The company has cited Solana’s ecosystem advantages while acknowledging trade-offs around decentralization. “We’ve considered many options and will continue to keep a close eye on the evolution of high-performance ecosystems like Sui and Aptos, while remaining confident in Solana’s trajectory for now,” Julia said.

The migration covers more than 10 sports titles and their card inventories, and Sorare plans to operate marketplace payments seamlessly across Solana and Base via Layer0 integrations to enable a chain-agnostic approach.

The migration is expected to be complete by the end of this month.

Source: Sorare

Sorare’s model centers on officially licensed digital player cards as non-fungible tokens. Users buy, sell and trade cards and assemble teams to compete in weekly tournaments, earning rewards tied to real-world player performance. Sorare supports football primarily, with basketball and baseball offerings as well.

Sports tokens have lagged behind this bull cycle

Market data indicates sports-focused crypto tokens have underperformed broader crypto markets. CoinGecko data shows the market capitalization for sports crypto tokens at roughly $1.17 billion, well below peaks seen during the 2021 bull cycle. Sorare NFT pricing has mirrored the broader NFT market downturn: DappRadar recorded a peak floor of $91.25 in early April 2022 versus a floor of $2.21 as of Oct. 12.

Daily Sorare NFT sales have remained active, with most days seeing between 5,000 and 30,000 individual sales — a volume comparable to 2022 levels, suggesting sustained transactional engagement despite lower floor prices.

Source: Sorare

Sorare to adopt a multichain approach

Leadership describes the move as part of a broader strategy to become chain-agnostic. In addition to Solana and Base, Sorare is evaluating high-throughput ecosystems such as Sui and Aptos and intends to use cross-chain payment solutions like Layer0 to unify marketplace experiences across chains.

The approach is designed to leverage each network’s strengths: Solana for consumer-scale throughput, Base for continued Ethereum interoperability, and other high-performance chains as potential expansion targets.

Sorare is not concerned with Solana’s network outages

Network reliability is a frequent topic in conversations about high-performance blockchains. Julia said Sorare has adapted operationally over the years to manage infrastructure imperfections and that Solana’s stability has improved. “We’ve been more than reassured by the quality of Solana’s technology, the team behind it, and the network’s recent track record of stability,” he said.

Sorare’s operational posture is pragmatic: retain contingency measures, monitor network performance continuously, and leverage multichain design to mitigate concentration risk.

Frequently Asked Questions

How will the Sorare migration affect existing Ethereum-based cards?

Existing Ethereum-based cards will be migrated to Solana inventories for the affected games; Sorare will continue to accept ETH deposits and maintain an integration on Base, allowing Ethereum users to remain in the ecosystem while the company completes its migration timeline.

Will Sorare still support Ethereum users after the move?

Yes. Sorare stated it will continue supporting Ethereum users through a Base integration and allow ETH deposits, ensuring cross-network access for players who prefer Ethereum-based workflows.

Key Takeaways

• Upgrade rationale: Sorare cites scalability and consumer focus as primary reasons for migrating to Solana.
• Multichain strategy: Sorare will maintain Ethereum access via Base and pursue cross-chain payments to remain chain-agnostic.
• Market context: Sports-token market cap ~ $1.17B; Sorare NFTs floor has declined from $91.25 (Apr 2022) to $2.21 (Oct 12); daily sales remain 5k–30k.

Conclusion

The Sorare migration to Solana reflects a pragmatic scaling decision by a major fantasy-sports NFT platform: prioritize throughput and consumer usability while preserving interoperability with Ethereum via Base and ETH deposits. COINOTAG will continue to monitor migration progress and multichain initiatives as Sorare completes the transition by month-end and explores future high-performance ecosystems.