Solana

Coin

<ul>
 <li>Solana ultra-low-cost Compressed NFTs saw a record-breaking minting volume in August.</li>
 <li>The NFTs surged to nearly 78M, overtaking their non-compressed counterparts.</li>
 <li>This growth comes amid the SEC’s first enforcement move on non-fungible tokens.</li>
</ul>
In a recent tweet, prominent Chinese reporter Colin Wu spotlighted record-breaking developments surrounding <a href="https://coinedition.com/solana-nft-transactions-surpass-that-of-ethereum-and-polygon/" rel="noopener noreferrer nofollow">Solana-based non-fungible tokens (NFT)</a>. Wu shared that in August, Solana’s ultra-low-cost Compressed NFTs saw a minting volume that exceeded 15.6 million.
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 In August, the minting volume of Solana’s ultra-low-cost Compressed NFT exceeded 15.6 million, setting a record high and incurring only 82 SOL fees. The number of Solana compressed NFTs has approached 78 million, surpassing non-compressed NFTs, accounting for 55.62% of the total,…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1698160682045448419?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 3, 2023</a>
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The Chinese reporter noted that the figure represents the ultra-low-cost Compressed NFTs’ record high. Moreover, Wu disclosed that the NFTs attained the remarkable feat with a mere 82 SOL in fees. The charged fees denote a dollar value of $1,596, with SOL trading at $19.47.
It is worth mentioning that Solana’s ultra-low-cost…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/solana-chain-mints-record-15-6m-nfts-amid-sec-first-enforcement-at-nft/">Solana Chain Mints Record 15.6M NFTs Amid SEC First Enforcement at NFT</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Solana Chain Mints Record 15.6M NFTs Amid SEC First Enforcement at NFT

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