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Solana NFT Sales Reached Massive Milestone as SOL Price Stalls at $100

Solana-based nonfungible tokens (NFTs) have reached a significant milestone, surpassing an all-time sales volume of $5 billion, according to data from CryptoSlam. This surge in activity marks a turnaround for the Solana blockchain, which struggled to gain traction in the NFT space just a few months ago. As of February 23, the cumulative sales volume for Solana-based NFTs has reached $5,014,125,016, showcasing the growing prominence of the layer-1 blockchain in the NFT marketplace. The network boasts a substantial user base, with over 2.2 million buyers and 1.6 million sellers, facilitating nearly 43 million transactions. The recent surge in Solana NFT sales contrasts with the stagnant performance.

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