Secondary sales volume for Solana-based nonfungible tokens (NFT) has reached almost $500 meg since the starting time of August.

Co-ordinate to data from CryptoSlam, secondary sales of Solana NFTs take generated a total of roughly $497.7 one thousand thousand from around 348,000 transactions every bit of Tuesday, with the average sale per NFT tallying in at $ane,500.

The data shows that Solana saw a record month for secondary NFT sales volume during September with a full of $189.4 million. While Solana is seen by some every bit an "Ethereum killer," the Ethereum blockchain remains the virtually pop, with NFT aficionados and secondary sales on Ethereum topping $2.2 billion that same month.

Secondary NFT sales volume on Solana. Source: CryptoSlam

Messari research annotator Mason Nystrom highlighted the data via Twitter on Midweek and noted that while Ethereum yet "dwarfs Solana in full NFT secondary sales," the upstart network has quickly established itself as i 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-hr secondary volume with $1.nine meg. Leading the pack are Ethereum ($37.7 million), Ronin ($23.five million) and Wax ($4.5 million).

Solana's top NFT project is the Degenerate Ape Academy, which has generated $105.nine 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 by 24 hours.

Degenerate Ape NFTs. Source: Degenerate Ape Academy

Related: Beyond the NFT hype: Creating lasting business models for artists

According to data from CoinGecko, the toll of Solana's SOL token has gained xxx.3% over the past 30 days to sit at effectually $225 at the fourth dimension of writing. This recent pump has seen SOL tag a new all-time loftier of $229.76 earlier on Wednesday. The market place capitalization of SOL is at present 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 marketplace as fundamental indicators for the prediction.