Ethereum Leads NFT Market Sales for Second Consecutive Day

Ethereum Leads NFT Market Sales for Second Consecutive Day

Ethereum continues to dominate the non-fungible tokens (NFT) market, maintaining its position as the top-ranking blockchain for the second day in a row. Sales on the Ethereum blockchain surged past the $10.24 million mark within the last 24 hours, marking a significant milestone in the NFT space.

Data from CryptoSlam reveals that Ethereum experienced a modest increase of 5.61% in sales volume during this period. Notably, Ethereum remained the sole blockchain to surpass the $10 million sales threshold for two consecutive days, further solidifying its position as a leader in the NFT market.

Following Ethereum, Bitcoin and Solana emerged as the second and third top-performing blockchains, with sales totaling US$7.71 million and US$4.60 million, respectively. Bitcoin witnessed a notable uptick in sales by 8.97%, coupled with a substantial reduction in wash sales by 95.26%. This positive shift contributed to an overall increase of 7.72% in total sales volume for Bitcoin.

Despite Bitcoin's strong performance, Ethereum maintained its lead, with sales reaching US$490 million in NFT transactions last month, narrowly trailing behind Bitcoin's US$514 million.

Meanwhile, Solana experienced a downturn in sales, with a notable decline of 24.06%. The decrease in wash sales by 68.77% contributed to a significant drop of 41.97% in total sales volume for the blockchain.

In a surprising turn, the BNB blockchain witnessed a remarkable surge in sales, jumping by an impressive 400.6%. Although starting from a lower base, total sales on the BNB Chain nearly reached US$956,000. The surge in sales was largely driven by LockDealNFT, which recorded a staggering 563% increase, amounting to US$871,689 in sales.

As Ethereum maintains its stronghold in the NFT market, the competition among blockchain platforms intensifies, with each vying for a larger share of the rapidly growing NFT space.