{"id":72118,"date":"2024-02-23T08:21:38","date_gmt":"2024-02-23T12:21:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72118"},"modified":"2024-02-23T08:21:40","modified_gmt":"2024-02-23T12:21:40","slug":"solana-nfts-trade-hit-all-time-sales-volume-of-5b","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-nfts-trade-hit-all-time-sales-volume-of-5b\/","title":{"rendered":"Solana NFTs Trade Hit All-time Sales Volume of $5B"},"content":{"rendered":"\n

Solana-based Nonfungible tokens <\/a>(NFTs) trade reached a record-breaking $5 billion in sales volume following a surge in NFT trading activity on the blockchain over the past months.<\/p>\n\n\n\n

\"Solana
Solana NFTs Trade Hit All-time Sales Volume of $5B <\/figcaption><\/figure>\n\n\n\n

As of February 23, the data aggregator CryptoSlam reported that the Solana network-based NFT sales volume had reached a record-breaking $5,013,847,972. <\/p>\n\n\n\n

According to the data, the blockchain has more than 2.2 million customers and 1.6 million sellers. As a result, the cumulative count of NFT transactions recorded on the blockchain now approaches 43 million.<\/p>\n\n\n\n

\"\"
Solana\u2019s NFT sales volume chart. Source: CryptoSlam<\/figcaption><\/figure>\n\n\n\n

The performance of Solana NFTs <\/a>was comparatively weaker during the four months preceding November 2023. Monthly sales volumes for NFTs based on Solana have struggled to surpass $40 million since July 2023. Things began to alter, however, after October 2023.<\/p>\n\n\n\n

The sales volume for NFTs based in Solana began to exhibit signs of vitality in November 2023, when it reached approximately $82 million in monthly sales, a 192% increase from the previous month's sales of roughly $28 million.<\/p>\n\n\n\n

Moreover, the momentum of Solana NFTs persisted in the following months. Monthly sales of NFTs on Solana totaled approximately $365 million as of December 2023. The monthly sales volume achieved its second-highest level, surpassing the $373 million mark set in October 2021.<\/p>\n\n\n\n

Although sales volume slightly decreased during January, NFTs on Solana still achieved sales exceeding $239 million. The current monthly sales volume for February is $161 million as of the time of writing. Solana NFT has experienced an upsurge in sales volume, surpassing $1 billion in the preceding nine months.<\/p>\n\n\n\n

\"\"
Solana shows an increase in price in December 2023. Source: CoinGecko\u00a0<\/figcaption><\/figure>\n\n\n\n

The rise in Solana NFT sales during December 2023 occurred concurrently with the favorable price movement of Solana's token. Cryptocurrency data tracker CoinGecko\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> reports that SOL peaked at $121.45 on December 26, 2023, with a trading volume of $5.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana-based Nonfungible tokens (NFTs) trade reached a record-breaking $5 billion in sales volume following a surge in NFT trading activity on the blockchain over the past months. As of February 23, the data aggregator CryptoSlam reported that the Solana network-based NFT sales volume had reached a record-breaking $5,013,847,972. According to the data, the blockchain has […]<\/p>\n","protected":false},"author":12,"featured_media":62850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[5565,275,18532],"class_list":["post-72118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","tag-nft-2","tag-solana","tag-trade-volume"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-99.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72118"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62850"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}