Solana Blockchain NFT Sales Clock Whopping $2.35 Billion

  • Solana, has been dubbed the “Ethereum Killer.”
  • SOL has been down 6.65% in the last 24 hours.

After setting new records for the largest blockchains in terms of all-time NFT sales volume, Solana continues to fight for its rightful place as one of the best platforms supporting smart contracts. One of the few protocols to find a solution to the blockchain trilemma, Solana, has been dubbed the “Ethereum Killer.”

Third Place Behind Ronin and Ethereum

Solana has become one of the most popular chains for non-fungible tokens in less than two years. According to the report, on June 5, Solana sold $2.35 billion worth of products. After its native asset, SOL fell by more than $14 billion in market capitalization in May; this is a welcome respite for the project.

Solana is now in third place, behind Ronin and Ethereum, following the achievement. As a result, Solana has a higher lifetime sales volume than Flow, Polygon, WAX, Avalanche, Palm, Tezos, Waves, Binance Smart Chain (BSC), and Panini, to name just a few of its competitors. From October 2021, the total number of unique buyers and transactions on the blockchain climbed to 83,697 unique buyers and 374,618 total transactions. Solana’s revenues were $286.4 million at the end of October.

In January 2022, the number of new purchasers of NFT on Solana reached an all-time high after an increase of 83% in the number of unique buyers from October. With 153,602 unique purchasers in January 2022, 1,014,963 transactions were completed. Coincidentally, Solana’s monthly sales volume reached an all-time high of over $298.69 million this month. According to CMC, the Solana price today is $39.07 USD with a 24-hour trading volume of $1,772,126,261 USD. Solana has been down 6.65% in the last 24 hours.