Sellers of Solana NFTs outpace buyers in May

With over 1 million vendors, unique non-fungible token (NFT) sellers on the Solana blockchain hit an all-time high in May, outpacing unique buyers, according to data tracker CryptoSlam.

Fast facts

• From April to May, the number of unique sellers grew by almost 170%. There are now more than six sellers for every buyer on the platform. 

• May marks the fifth consecutive month where CryptoSlam’s data tracked an increase in unique sellers.

• Ethereum continues to be the dominant blockchain for NFTs, accounting for US$720 billion worth of sales this month, while Solana tallied the second-highest volume at US$249 million.
• Total sales volume on Solana decreased 15% month-over-month, with prices on average hitting an all-time low. 
• After a volatile week, the Solana token (SOL) was changing hands at around US$48 at the time of publishing.