Austin Federa, the strategic director of the Solana Foundation, posted on X platform that according to Dune data, users have minted over 52 million compressed NFTs on Solana in the past six months, and the number of holders has doubled. Earlier in April, Solana launched state compression, a new method of storing data on Solana that can significantly reduce costs. The first use of this method to compress NFTs has reduced the cost of minting NFTs on Solana by 2,400-24,000 times.
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Users Have Minted Over 52 Million Compressed NFTs on Solana
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