Solana NFT sales volume hits $5b

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On Feb. 23, the whole quantity of non-fungible tokens (NFT) gross sales on the Solana community exceeded the $5 billion mark.

In keeping with the CryptoSlam platform, the Solana blockchain has 2.2 million consumers, in addition to 1.6 million sellers of NFTs. On the similar time, the whole variety of transactions within the NFT path has virtually reached 43 million.

Solana NFT sales volume hits $5b - 1
Supply: CryptoSlam

On the similar time, within the interval from July to October 2023, the quantity of NFT gross sales on the Solana community didn’t exceed $40 million monthly. Nonetheless, in November final yr there was a major enhance within the variety of transactions. Gross sales quantity for this reporting interval reached $82 million. In comparison with October 2023, the determine elevated by 192%.

In subsequent months, the path continued to realize momentum by way of gross sales. In January 2024, NFTs value $239 million had been offered on the Solana community. As of Feb. 23 2024, the determine is $161 million.

Over the earlier 9 months, gross sales quantity exceeded $1 billion. On the time of writing, a complete of $5 billion value of NFTs had been offered on the Solana community.

Final month, the quantity of all transactions in Solana exceeded $951 billion. In comparison with the earlier month, the determine elevated by 30%. It was then $738.8 billion. Additionally in early 2024, the corporate stated that the variety of energetic builders within the Solana ecosystem had ranged from 2,500 to greater than 3,000 month-to-month over the previous yr.

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