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    Rajesh AK in News

    23 Feb 05:30 PM


    Solana NFTs hit $5B in all-time sales volume

    Solana NFTs recorded their second-highest monthly sales volume in December 2023, with $365 million in sales volume for the month.

    Solana-based nonfungible tokens (NFTs) recorded an all-time sales volume of over $5 billion after an uptick in NFT trading activity on the blockchain in the last four months.

    On Feb. 23, data aggregator CryptoSlam showed that the all-time sales volume for NFTs based on the Solana network is already at $5,013,847,972. The data also shows that the blockchain has over 2.2 million buyers and 1.6 million sellers. This brings the total number of NFT transactions within the blockchain to almost 43 million.

    Solana NFTs did not do as well in the four months before November 2023. Since July 2023, the monthly sales volume for NFTs based on Solana struggled to record a volume above $40 million. However, things started to change after October 2023

    Source - Coin Telegraph