Solana

Polygon

<ul>
 <li style="font-weight: 400;">Solana’s NFT sales volume surged by more than 200% last month.</li>
 <li style="font-weight: 400;">SOL also ranked first on the list of cryptos in terms of monthly transactions.</li>
</ul>
<a href="https://eng.ambcrypto.com/search/solana" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Solana [SOL]</a> has remained a major player in the NFT ecosystem for quite some time, with several top collections onboard. However, its recent effort, Solana Saga, took a blow because of lower sales. 
While that happened, the blockchain’s network usage surged over the last month.
<h4>A look at Solana’s NFT space</h4>
Solana’s co-founder Anatoly Yakovenko recently made a statement regarding a product of the company. He told <a href="https://unchainedcrypto.com/podcast/anatoly-yakovenko-on-solanas-astounding-recovery-and-its-future-plans/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Unchained</a> that the Solana Saga phone has sold only 2,200 units and will need higher sales, such as 25,000 to 50,000 units, to build a core user base. 
He also mentioned that discussions are ongoing within the company and may launch new models, enhanced applications, store discounts, and many more.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Solana Labs co-founder Anatoly Yakovenko told unchained that the Salana Saga phone has sold only 2,200 units and will need higher sales, such as 25,000 to 50,000 units, to build a core user base. He said that discussions are ongoing within the company and may launch new models,…
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1732228690510303474?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 6, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Not only does Solana Saga boost the company’s portfolio, it also plays a part in the blockchain’s NFT space. Therefore, AMBCrypto had a look at how the blockchain has been performing in the NFT niche. 
CRYPTOSLAM’s <a href="https://www.cryptoslam.io/blockchains/solana?headerPeriod=30d" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a> revealed that SOL’s NFT sales volume surged by more than 274% in the last seven days. Its total NFT transactions also gained upward momentum last month. 
However, it was surprising to see a noticeable drop in SOL’s number of NFT sellers and buyers.
<div id="attachment_358053" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358053" decoding="async" class="wp-image-358053 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL.png" alt="" width="1422" height="242" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL.png 1422w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL-300x51.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL-1024x174.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/CRYPTOSLAM-SOL-768x131.png 768w" sizes="(max-width: 1422px) 100vw, 1422px"></a>
 Source: CRYPTOSLAM
</div>
After quite a few cold weeks, the blockchain’s NFT space did gain traction, which was evident from Santiment’s data.
<a href="https://eng.ambcrypto.com/solana-can-the-spike-in-this-metric-push-sol-forward/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">SOL</a>’s NFT trade count in USD spiked sharply on the 6th of December. Nonetheless, its NFT trade counts remained stable throughout the last month.
<div id="attachment_358054" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358054" decoding="async" class="wp-image-358054 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023.png" alt="" width="3840" height="1300" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Solana-SOL-12.55.05-07-Dec-2023-2048x693.png 2048w" sizes="(max-width: 3840px) 100vw, 3840px"></a>
 Source: Santiment
</div>
<h4>Solana’s network activity is also rising</h4>
Apart from the NFT space, the blockchain also gained traction in terms of network activity. 
As per a recent tweet from CryptoRank, Solana had the highest number of transactions in November, as the number hit the 622 million mark. <a href="https://eng.ambcrypto.com/search/polygon" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Polygon [MATIC]</a>, <a href="https://eng.ambcrypto.com/search/tron" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Tron [TRX]</a>, <a href="https://eng.ambcrypto.com/search/bnb+" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB Chain [BNB]</a>, and <a href="https://eng.ambcrypto.com/search/sui" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Sui [SUI]</a> also made it to the top five on the same list.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Top 15 Blockchains by Total Transactions in November
 Solana <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> – 622M Polygon <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> – 162M Tron <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$TRX</a> – 145M BNB Chain <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> – 115M Sui <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> – 78.8M NEAR Protocol <a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$NEAR</a> – 70.1M Ethereum <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> – 32.5M Fantom <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$FTM</a> – 31.4M Avalanche <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$AVAX</a> – 29.2M Arbitrum <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> – 23.1M zkSync Era -… <a href="https://t.co/7BnHJZxHDV" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7BnHJZxHDV</a>
 — CryptoRank.io (@CryptoRank_io) <a href="https://twitter.com/CryptoRank_io/status/1732043153333784993?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 5, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 AMBCrypto’s look at Artemis’ <a href="https://app.artemis.xyz/chains" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a> further pointed out that the blockchain’s captured value also somewhat increased last month. This was evident from the fact that <a href="https://eng.ambcrypto.com/solana-should-investors-be-concerned-with-ftxs-latest-move/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">SOL</a>’s fees and revenue moved northward in the recent past.
<div id="attachment_358055" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358055" decoding="async" class="wp-image-358055 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL.png" alt="" width="1533" height="638" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL.png 1533w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL-300x125.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL-1024x426.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-SOL-768x320.png 768w" sizes="(max-width: 1533px) 100vw, 1533px"></a>
 Source: Artemis
</div>
Is your portfolio green? Check the <a href="https://ambcrypto.com/calculator/solana-profit-calculator" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">SOL Profit Calculator</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Solana’s performance on the price front also remained in investors’ favor last month. 
According to <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a>, SOL was up by more than 50% in the past 30 days. At the time of writing, it was trading at $63.56 with a market capitalization of over $27 billion.

Examining Solana’s NFT landscape amidst these developments

AMBCrypto

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