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Usha Yadav
May 31, 2022
by Usha Yadav

In May, Sellers of Solana NFTs Outnumbered Buyers

Sellers of Solana Ethereum NFT
According to data tracker CryptoSlam, unique non-fungible token (NFT) sellers on the Solana blockchain reached an all-time high in May, exceeding unique purchasers. The number of individual merchants increased by about 170 percent from April to May. There are currently more than six merchants on the marketplace for every buyer.

May is the fifth month that CryptoSlam's statistics have shown a rise in unique sellers. Ethereum is the most popular blockchain for NFTs, with purchases of US$720 billion this month, while Solana had the second-highest volume at US$249 million.

Total sales volume on Solana fell 15% month over month, with average prices reaching an all-time low. As part of the browser's Web3 push, Brave has integrated Solana. Solana-based cryptocurrencies can now be purchased, sold, and held using the Brave Wallet.

On Solana and other Ethereum and Ethereum Virtual Machine-compatible chains, users can spend the Brave's wrapped Basic Attention Token (BAT). Brave says it chose the Solana blockchain because of its low transaction fees and fast throughput. Brave has Web3 features like a built-in crypto wallet and rewards users in BAT for watching advertising content.

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In May, Sellers of Solana NFTs Outnumbered Buyers
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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