The cumulative sales volume of non-fungible tokens (NFTs) recently topped $1.6 billion on the Solana ($SOL) blockchain.
The Solana layer-1 blockchain network has climbed to third position all-time in total NFT sales, trailing only Ronin and Ethereum, which both have a significant lead.
According to data from NFT transaction tracker CryptoSlam, total sales on Solana had surpassed $1.6 billion, with 2.5 million transactions and 357,000 buyers.
Ethereum is the market leader in NFT sales, with over $21.8 billion worth of tokens sold to over 1.14 million customers over the course of 8.6 million transactions. The Axie Infinity sidechain Ronin, which was compromised late this month, is next.
Solana’s popularity with traders is evident, as it ranks second in total sales behind Ethereum (ETH) during the last 30 days.
The Ronin sidechain to Ethereum for the Axie Infinity game is still firmly in second place in the all-time figures with $4 billion in total sales, but the recent Ronin bridge hack stunted weekly and monthly numbers for the network.
Although Ethereum is still the leader by a vast margin with $21 billion in total sales, Solana is closing in on second place while creating greater distance from its own competitors.
Solana transaction volume is expected to rise after the NFT marketplace OpenSea integrates Solana onto its platform this month.