Layer-1 of The Rising Sun: Solana NFTs

Mason NystromNov 2, 2021 ⋅ 4 min read

While Solana’s initial dreams have been to compete with Ethereum within the DeFi realm, it has already started to branch its scalable tentacles into other Ethereum dominated sectors, specifically NFTs.

As the Solana ecosystem continues to expand, NFTs on Solana have similarly witnessed formidable growth as a category. Total NFT secondary sales volume on Solana has officially reached $650 million.

Solana is rapidly approaching Flow in cumulative NFT sales and cumulatively might be able to surpass NBA Top Shot in volume if the existing trend persists.

Sol September

In just its second month of NFT trading, Solana experienced a rather substantial increase in the number of projects and the respective trade volume. Total volume for Sol September pinnacled at nearly $247 million predominantly on the back of Solana Monkey Business(SMB), Degen Ape Academy, Aurory, and Galactic Gecko Space Garage.

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Mason Nystrom

96 Reports masonnystrom

Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.

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Outline

Sol September
The Rising Sun: Solana NFTs

Author

Mason Nystrom

96 Reports masonnystrom

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