Solana Blockchain now has over $2 billion in all-time NFT sales By BTC Peers

Regardless of the current decline within the sale of NFTs, has managed to achieve a brand new milestone because the mixed gross sales on the community reached $2.35 billion this June.

The brand new gross sales file is a ray of hope for the blockchain whose native SOL token plummeted by over $14 billion in market capitalization in Might. When it comes to gross sales quantity, Solana is in third place behind Ronin and .

Over the previous 12 months, Solana has progressively grown into one of many key blockchains that facilitate NFTs transactions. It now instructions a superior all-time gross sales quantity than Circulate, Polygon, WAX, , Palm, Tezos, Waves, Binance Sensible Chain (BSC), and Panini.

Solana is a blockchain platform that made a repute for itself as a result of its excessive velocity and low transaction charges. The touted “Ethereum killer” continues to compete among the many greatest sensible contract-backed platforms and is without doubt one of the few protocols to offer a solution to the three main blockchain challenges that are safety, decentralized, and scalability.

Common Solana-based NFTs embrace Cosmic Condos, SolPunks, Akuma no Neko, Infinity Labs, Chainers, Thug Birdz, Portals, Solsteads, Solarians, and extra just lately Okay Bears and Trippin Ape Tribe, each of which have managed to interrupt the ranks of different prime Ethereum NFTs.

Amid its rising utilization, the Solana community has additionally suffered a number of outages over the previous 12 months. This has prompted builders to provide you with an improve that can forestall the community from halting in case the identical “sturdy nonce transaction processing error” happens.

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