Solana-based non-fungible token (NFT) sales closed the year 2023 on a high note, surpassing Ethereum NFT sales for the first time in December.
Data from CryptoSlam reveals that Solana-based NFT sales reached $366,347,945 in December 2023, outpacing Ethereum, which recorded $353,153,016 in the same month.
In terms of unique buyers and sellers during December, Solana boasted 279,137 buyers and 217,814 sellers, while Ethereum reported 143,616 buyers and 113,844 sellers.
While Solana reached its peak in NFT sales at $373,468,847 in October 2021, the December figures underscore a significant rebound from less successful months in 2023.
Notable NFT collectible sales on the Solana blockchain in the past week, as reported by CryptoSlam, include BOOGLE, a 2021 collection of ghosts, Solana Frogs, featuring 8888 randomly generated frogs, and Mad Lads, a collection of 10,000 human character illustrations.
December 2023 marked a positive trend for NFT sales, aligning with analysts’ and platform data aggregators’ observations of a potential recovery since November.
Bitcoin NFTs also experienced a significant milestone in December, reaching an all-time high with sales exceeding $881 million.
Despite the positive indicators of recovery for NFT sales, caution prevails. JPMorgan analyst Nikolaos Panigirtzoglou, in a recent report, emphasized the need for prudence, stating, “It is too early to be getting excited about it,” and continued, “These are only tentative signs of revival.”
