Solana Blockchain Surpasses $2 Billion in All-Time NFT Sales

• Solana has reached new milestones despite an overall decline in NFT sales.

• Average monthly NFT sales volume on Solana is around $150 million in 2022.

• Combined sales volume hit approximately $2.35 billion as of June 2022.

Solana continues to fight for its place among the best smart contracts-backed platforms after reaching new milestones with regard to the biggest blockchains by all-time NFT sales volume.

Solana has been tagged as a potential Ethereum Killer after becoming one of the few protocols that have found an answer to the blockchain trilemma (security, decentralized, and scalability).

In a little over two years, Solana has become one of the go-to chains for non-fungible tokens (NFTs). According to Be[In]Crypto research, Solana had a total sales volume of around $2.35 billion, as of June 5.

This comes as a boost to the project after its native asset, SOL, tumbled by more than $14 billion in market capitalization in May.

The milestone puts Solana in third place behind Ronin and Ethereum.

With that said, Solana commands a higher all-time sales volume than Flow, Polygon, WAX, Avalanche, Palm, Tezos, Waves, Binance Smart Chain (BSC), and Panini.