NFT sales based on Solana have exceeded 5 billion US dollars
According to CryptoSlam data, Solana-based NFTs have reached a significant milestone with their historical sales surpassing $5 billion. As of February 23rd, it has reached $5,014,125,016. Currently, the network has over 2.2 million buyers and 1.6 million sellers facilitating nearly 43 million transactions. Analysts led by Nikolaos Panigirtzoglou at JPMorgan Chase predict that Ethereum's market share in the NFT field will continue to shrink while competitors like Solana will gain ground. Citing issues of congestion and high gas fees plaguing Ethereum as reasons for many NFT applications migrating to alternative blockchains with Solana being the main beneficiary.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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