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.
Henrik Lindqvist is our DeFi and on-chain reporter, splitting his time between Stockholm and London. A former software engineer at Klarna, he switched to journalism in 2021 and has since broken stories on MEV exploits, restaking risks and Layer-2 economics. Henrik writes the BTCNews weekly Layer-2 newsletter and has lectured on blockchain architecture at KTH Royal Institute of Technology.