• The month has seen a decline in daily NFT mints on Solana.
• This is attributable to the fall in the network’s user activity since the year began.

The daily count of NFT mints on Solana [SOL] has plummeted to its lowest level since the year began, data from Hello Moon showed. 

As of 8th January, 19,000 NFTs were minted on the Layer 1 (L1) blockchain network, marking a 44% decline from the 34,370 NFTs minted on 31st December 2023.

Due to the ecosystem-wide rally that Solana experienced in December 2023, the number of NFTs minted on the network daily climbed to an all-time high of 414,080 on 15th

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Author: Abiodun Oladokun

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