Solana Blockchain Tops $2 Billion All-Time NFT Sales Despite Market Slump

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Solana is head-strong in full command-and-conquer type, hitting new milestones left and proper. It has simply notched its highest all-time NFT gross sales quantity, with over $2.35 billion as of this writing.

This new milestone has positioned Solana in third place, following Ethereum and Ronin, two of its greatest rivals.

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Solana Leads With $2.35 Billion ATH

Coined because the “Ethereum Killer,” Solana has catapulted to be the preferred blockchain platform for NFTs as increasingly more NFTs are drawn to it for an enormous cause.

In a span of merely two years, Solana has efficiently battled the three most typical issues with blockchains – decentralization, safety, and stability.

June proved to be Solana’s fortunate month, with an ATH of over $298.69 million in whole gross sales quantity (Forkast Information).

With this all-time excessive in gross sales quantity, SOL has now surpassed the gross sales volumes of its friends, like Avalanche, Movement, Binance Good Chain (BSC), Palm, Polygon, Panini, Waves, WAX, Waves, and Tezos.

Alternatively, Solana’s native token SOL has suffered a dip of greater than $14 billion in market capitalization in Could.

Solana’s surge has been triggered primarily by the sudden improve of distinctive patrons (83,697) since October 2021, which additionally propelled the gross sales to over 374,618 transactions or a whopping whole of $286.4 million.

June – Solana’s Fortunate Month

The distinctive purchaser depend elevated by 83% from October, which led to a brand new milestone or all-time excessive in NFT new patrons (153,602) in January 2022, with over 1,014,963 transactions.

June additionally proved to be Solana’s fortunate month, with an ATH hovering greater than $298.69 million in whole gross sales quantity.

SOL whole market cap at $13.22 billion on the day by day chart | Supply: TradingView.com

The preferred NFTs that beefed up the full gross sales quantity for Solana comprise the next:

Thug Birdz, Infinity Labs, Solsteads, Chainers, Meerkat Millionaire Nation Membership, SolPunks, Solarians, Akuma no Neko, Cosmic Condos, Portals, and Frakt.

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Different months which might be monumental to the surge in gross sales embrace September 2021 with a gross sales quantity of $263.34 million, February 2022 at $206.3 million, and April 2022 at a whopping $294.8 million, and Could 2022 with over $256.1 million.

SOL opened the 12 months with a bang, buying and selling at $170.31 on January 1, 2022, after which reached an ATH of $179.43 the next day or on January 2.

These figures had been sufficient to check the brand new low of SOL at $38.36 on June 2. SOL is at the moment buying and selling at $40 as of this writing.

Total, this equates to a 77% lower within the worth of SOL all through 2022.

Featured picture from Bitcoin Information, chart from TradingView.com

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