Solana secondary NFT sales reach half a billion dollars in three months
CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin and Wax in terms of 24-hour sales volume. Secondary sales volume for Solana-based nonfungible tokens (NFT) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Tuesday, with the average sale per NFT tallying in at $1,500. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million. While Solana is seen by some as an “Ethereum killer,” the Ethereum blockchain remains the most popular, with NFT aficionados and secondary sales on Ethereum topping $2.2 billion that same month.
Messari research analyst Mason Nystrom highlighted the data via Twitter on Wednesday and noted that while Ethereum still “dwarfs Solana in total NFT secondary sales,” the upstart network has quickly established itself as one of the top NFT blockchains in the space of a few months.
CryptoSlam’s rankings list of the top NFT blockchains sees Solana currently sitting at fourth in terms of 24-hour secondary volume with $1.9 million. Leading the pack are Ethereum ($37.7 million), Ronin ($23.5 million) and Wax ($4.5 million). Solana’s top NFT project is the Degenerate Ape Academy, which has generated $105.9 million worth of secondary sales since its launch in mid-August. The Degenerate Ape NFTs depict animated gorilla avatars with unique traits, and the project has seen $454,000 worth of secondary sales over the past 24 hours.
According to data from CoinGecko, the price of Solana’s SOL token has gained 30.3% over the past 30 days to sit at around $225 at the time of writing. This recent pump has seen SOL tag a new all-time high of $229.76 earlier on Wednesday. The market capitalization of SOL is now around $68.1 billion, making it the fifth-ranked digital asset in terms of total capitalization, sitting slightly ahead of fellow “Ethereum killer” Cardano (ADA), which has a market cap of $63.1 billion.
Cointelegraph Markets Pro has a price target of $250 per SOL by year-end, citing on-chain data from the decentralized finance sector and the derivatives market as key indicators for the prediction.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 85.6% | 21 | $54 552.37 | 0.43% | -6.21% | $1 077 486 691 376 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.4% | 31 | $2 295.79 | 0.55% | -7.34% | $276 232 328 999 |  |
|
| 3 |  USDT |
Tether predictions | 90.8% | 1 | $0.999904 | 0% | 0.01% | $118 183 992 260 |  |
|
| 4 |  BNB |
Binance Coin predictions | 79.6% | 35 | $501.72 | 1.80% | -3.20% | $73 218 915 261 |  |
|
| 5 |  SOL |
Solana predictions | 73.6% | 47 | $130.17 | 2.45% | -1.13% | $60 859 097 819 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.2% | 1 | $0.999948 | 0% | 0.01% | $34 953 381 730 |  |
|
| 7 |  XRP |
XRP predictions | 83.2% | 29 | $0.529312 | 0.39% | -5.11% | $29 815 825 583 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 81.6% | 29 | $0.095855 | 1.51% | -3.46% | $13 982 463 398 |  |
|
| 9 |  TRX |
TRON predictions | 64% | 68 | $0.151385 | 0.85% | -3.39% | $13 129 598 716 |  |
|
| 10 |  ADA |
Cardano predictions | 79.6% | 37 | $0.338686 | 4.63% | -1.10% | $12 179 348 500 |  |
|
| 11 |  TON |
Toncoin predictions | 60.8% | 85 | $4.73 | 2.40% | -11.29% | $11 984 383 664 |  |
|
| 12 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 92.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 90.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 71.6% | 52 | $23.02 | 6.70% | 3.18% | $9 330 938 162 |  |
