Solana experienced a surge in NFT activity in December, with over $102 million in sales. The Magic Eden airdrop drove this growth as participants sought to gain more ME tokens. Solana's daily active addresses also saw an increase, contributing to overall activity. Although the ME token faced selling pressure, it remained a popular choice for NFTs. Solana dominated NFT sales compared to Bitcoin and Ethereum, offering accessibility and a large number of buyers. The Pudgy Penguins collection, despite being Ethereum-based, influenced the Solana market. Despite arriving late to the NFT space, Solana's lower fees and accessible collections helped drive adoption. Solana's blue chip NFT index recovered, and the average sale of top collections increased. Solana showed less wash trading compared to Ethereum. The average sale price in December was $79.93. The network fostered community formation through meme tokens. Some early NFTs may regain popularity, and top collections aimed to utilize successful Solana cult brands. AI-themed NFTs may also impact the market.



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