NFT sales decline, Solana surpasses Ethereum’s volume
Investor interest in non-fungible tokens (NFTs) has declined significantly for the first time since early November. Despite the market downturn, Solana (SOL) became the second-largest network for the asset class. According to data provided by CryptoSlam, the global NFT sales volume witnessed a 42% plunge in the past 24 hours, falling to $64.3 million. The total number of NFT transactions also declined by 21%, closing down to the 350,000 mark. NFT sales and wash trades volume – Dec. 18 | Source: CryptoSlam The notable plunges come three days after the NFT sales volume hit a 20-month-high of $132.3 million on Dec. 15 — a level last seen in mid-May 2022. You might also like: FTX proposes plan to end bankruptcy Per CryptoSlam data, while the amount of wash trades declined by 16.5% — currently standing at $6.5 million — the number of wash transactions witnessed a significant surge of 90.7%, surpassing the 30,000 mark in a day. Solana’s rally Ethereum ha...