• Since the beginning of August, the secondary market for Solana-based non fungible tokens NFT has reached around $500 million
  • While Ethereum still dwarfs Solana in overall NFT secondary sales, Messari research researcher Mason Nystrom said on Twitter on Wednesday that the fledgling network has swiftly established itself as one of the top NFT blockchains in only a few months
  • Since its inception in mid-August, Solana’s biggest NFT project, the Degenerate Ape Academy, has produced $105.9 million in secondary sales

Since the beginning of August, the secondary market for Solana-based non fungible tokens NFT has reached around $500 million. As of Tuesday, secondary sales of Solana NFTs have produced a total of $497.7 million from over 348,000 transactions, according to CryptoSlam, with an average selling per NFT of $1,500. According to the statistics, Solana had a record month for secondary NFT sales volume in September, with $189.4 million in sales. While some consider Solana as a “Ethereum killer, the Ethereum blockchain remains the most popular, with NFT enthusiasts and secondary Ethereum sales reaching $2.2 billion in the same month.

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While Ethereum still dwarfs Solana in overall NFT secondary sales, Messari research researcher Mason Nystrom said on Twitter on Wednesday that the fledgling network has swiftly established itself as one of the top NFT blockchains in only a few months. Solana is presently ranked fourth in terms of 24-hour secondary volume with $1.9 million on CryptoSlam’s list of the best NFT blockchains. Ethereum, Wax, and Ronin, are at the top of the heap.

Since its inception in mid-August, Solana’s biggest NFT project, the Degenerate Ape Academy, has produced $105.9 million in secondary sales. The Degenerate Ape NFTs include animated ape avatars with distinct characteristics, and the project has received $454,000 in secondary sales in the last 24 hours. Solana’s SOL coin has risen 30.3% over the last 30 days, according to CoinGecko statistics, and is currently trading at approximately $225. SOL hit a new all-time high of $229.76 earlier on Wednesday as a result of the latest rally. SOL currently has a market value of roughly $68.1 billion, making it the fifth-largest digital asset by total capitalization, just ahead of rival Ethereum killer ADA, which has a market capitalization of $63.1 billion.

Steve

Steve Anderrsonhttp://www.thecoinrepublic.com

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

Source: In just three months, Solana’s secondary NFT sales had surpassed half a billion dollars

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