{"id":10994,"date":"2024-02-24T15:48:05","date_gmt":"2024-02-24T13:48:05","guid":{"rendered":"https:\/\/forklog.com\/en\/solana-nft-sales-surpass-5-billion\/"},"modified":"2024-02-24T15:48:05","modified_gmt":"2024-02-24T13:48:05","slug":"solana-nft-sales-surpass-5-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/solana-nft-sales-surpass-5-billion\/","title":{"rendered":"Solana NFT Sales Surpass $5 Billion"},"content":{"rendered":"<p>Sales of non-fungible tokens (NFTs) on the Solana network have reached a total of $5 billion. Of this, $217 million was recorded in the past 30 days, according to <a href=\"https:\/\/www.cryptoslam.io\/blockchains\/solana?timeFrame=year&#038;headerPeriod=all\">CryptoSlam<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"295\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-1024x295.png\" alt=\"Snimok-ekrana-2024-02-24-v-14.06.50\" class=\"wp-image-226713\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-1024x295.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-300x86.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-768x221.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-1536x442.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-14.06.50-2048x590.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CryptoSlam.<\/figcaption><\/figure>\n<p>December 2023 marked the second-highest month for NFT sales on Solana, following October 2021, with $365 million and $373 million respectively.<\/p>\n<p>According to CryptoSlam, the network has recorded over 2.2 million buyers and 1.6 million sellers of non-fungible tokens. The total number of NFT transactions has exceeded 43 million.<\/p>\n<p>Figures surged at the end of 2023 as Solana&#8217;s cryptocurrency rose above $118. At the time of writing, the SOL token is trading at $102. The project&#8217;s market capitalization stands at $45 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-1024x640.png\" alt=\"Snimok-ekrana-2024-02-24-v-15.45.39\" class=\"wp-image-226716\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-1024x640.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-768x480.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-1536x960.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-24-v-15.45.39-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of SOL\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In early 2024, the daily transaction volume on the Solana blockchain <a href=\"https:\/\/forklog.com\/en\/news\/solana-transaction-volume-reaches-annual-high\">exceeded $40 billion<\/a>, reaching its highest level since October 2022.<\/p>\n<p>On February 6, the network <a href=\"https:\/\/forklog.com\/en\/news\/solana-blockchain-experiences-outage\">experienced another outage<\/a>. Experts attributed the periodic issues with the blockchain&#8217;s operation to its inability to handle the increasing transaction volume.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales of non-fungible tokens (NFTs) on the Solana network have reached a total of $5 billion. Of this, $217 million was recorded in the past 30 days, according to CryptoSlam. Data: CryptoSlam. December 2023 marked the second-highest month for NFT sales on Solana, following October 2021, with $365 million and $373 million respectively. According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1159],"class_list":["post-10994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10994"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10993"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}