Back to the list

Solana NFTs Cracks $5 Billion In Sales

source-logo  bitcoinworld.co.in 25 February 2024 03:18, UTC
  • Solana’s NFTs sales volume surged past $5 billion in all-time trade activity, showing massive growth.

The Solana NFTs have reached a new milestone, surpassing $5 billion in total all-time sales volume according to data from CryptoSlam.

This massive figure reflects the explosive growth of Solana’s NFT ecosystem over the past year.

After facing struggles between July and October 2023, with monthly sales volumes failing to crack $40 million, the market witnessed a dramatic turnaround in November.

Sales jumped to $82 million that month and continued accelerating in December 2023 to $365 million – the second-highest monthly volume ever behind only October 2021’s $373 million peak.

This momentum continued in 2024 too, with January ringing up over $239 million in sales. Over the last 9 months, Solana’s NFT trading has exceeded $1 billion.

The blockchain now hosts over 2.2 million buyers and 1.6 million sellers who have completed nearly 43 million transactions.

This growing community and deep liquidity have fueled Solana’s rise to become a top NFT ecosystem.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.