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NFT sales on the Solana network exceeded $5 billion

According to the CryptoSlam platform, the total sales of non-fungible tokens (NFTs) on the Solana network exceeded $5 billion, and the number of NFT transactions amounted to 43 million.

The Solana blockchain has over 2 million NFT buyers and over 1.5 million NFT sellers.

In November 2023, the network recorded a sharp increase in the number of transactions with non-fungible tokens, and sales volume amounted to $82 million. Compared to October 2023, the figure increased by 192%.

Sales surpassed $1 billion in January 2024, and currently $5 billion worth of NFTs have been sold on the Solana network.

According to The Block Data Dashboard, the total volume of transactions on the Solana network in January exceeded $951 billion. For comparison, in December the figure was about $738.8 billion.