Solana is head-strong in full command-and-conquer kind, 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 largest 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 interested in it for a giant purpose.
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 News).
With this all-time excessive in gross sales quantity, SOL has now surpassed the gross sales volumes of its friends, like Avalanche, Flow, Binance Smart Chain (BSC), Palm, Polygon, Panini, Waves, WAX, Waves, and Tezos.
On the opposite hand, Solana’s native token SOL has suffered a dip of greater than $14 billion in market capitalization in May.
Solana’s surge has been triggered primarily by the sudden enhance of distinctive consumers (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 Lucky Month
The distinctive purchaser depend elevated by 83% from October, which led to a brand new milestone or all-time excessive in NFT new consumers (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 every day chart | Source: TradingView.com
The hottest NFTs that beefed up the overall gross sales quantity for Solana comprise the next:
Thug Birdz, Infinity Labs, Solsteads, Chainers, Meerkat Millionaire Country Club, SolPunks, Solarians, Akuma no Neko, Cosmic Condos, Portals, and Frakt.
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Other months which are 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 May 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 have been sufficient to check the brand new low of SOL at $38.36 on June 2. SOL is at present buying and selling at $40 as of this writing.
Overall, this equates to a 77% lower within the worth of SOL all through 2022.
Featured picture from Bitcoin News, chart from TradingView.com