Jannat Ara

Solana NFT Sales Surpass $5 Billion Milestone

The Solana blockchain ecosystem marked a significant milestone on February 23 as the total volume of non-fungible token (NFT) sales soared past the $5 billion mark.

Data from the CryptoSlam platform revealed that Solana boasts 2.2 million buyers and 1.6 million sellers of NFTs, with nearly 43 million transactions recorded in the NFT space.

In the period from July to October 2023, Solana’s NFT sales volume hovered around $40 million per month. However, a notable surge occurred in November of the same year, with sales reaching $82 million—a staggering 192% increase compared to the previous month.

This upward trend continued in subsequent months, with January 2024 witnessing NFT sales worth $239 million. As of February 23, 2024, the sales volume stood at $161 million, highlighting the sustained momentum in NFT activity on the Solana network.

Over the preceding nine months, Solana’s NFT sales volume surpassed $1 billion, culminating in a total of $5 billion worth of NFTs sold on the platform at the time of reporting.

Moreover, Solana’s overall transaction volume exceeded $951 billion last month—an impressive 30% increase from the previous month’s figure of $738.8 billion. This growth underscores the burgeoning activity within the Solana ecosystem.

In early 2024, Solana reported a consistent presence of active developers, ranging from 2,500 to over 3,000 monthly, highlighting the platform’s robust developer community and sustained innovation efforts.

Powered by Crypto Expert BD

Follow us on Twitter: https://x.com/CryptoExpert_BD

Join our Telegram channel: https://t.me/CryptoExpert_BD

Leave a Comment