Solana NFTs Hit $5 bn in All-Time Sales Volume
Solana-based nonfungible tokens (NFTs) have recorded an all-time sales volume of over $5 billion in the last four months, according to data aggregator CryptoSlam.
The blockchain has over 2.2 million buyers and 1.6 million sellers, bringing the total number of NFT transactions to almost 43 million.
Previously, NFTs struggled to record a monthly sales volume above $40 million, but started showing signs of life after October 2023.
In November 2023, NFTs recorded $82 million in monthly sales, a 192% increase from the previous month. In December 2023, NFTs recorded around $365 million in monthly sales, the second-highest monthly sales volume after October 2021’s $373 million record.
Despite a slight slowdown in January, NFTs on Solana recorded over $239 million in sales. February’s monthly sales volume stands at $161 million.
Solana NFTs’ sales performance has risen in recent months, with over $1 billion in sales volume in the last nine months.
(With inputs from Shikha Singh)
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