NFTs Are Making a Comeback: Sales Surge by 20% in One Day
After a few weeks of sluggish performance, the non-fungible token (NFT) market has shown signs of resurgence, recording a significant uptick in sales. For the first time this month, the global NFT market has posted positive gains, sparking speculation about a potential market rally.
NFT Sales Surge by 20%
According to data from Cryptoslam.io, an on-chain crypto market aggregator and multi-chain NFT explorer, the NFT market has seen a robust increase in sales. Over the past 24 hours, the global NFT market achieved a sales volume of $19 million, marking a 20% increase compared to the previous day.
Spike in NFT Transactions
The market has also witnessed a rise in the number of buyers, with the number of collectors purchasing NFTs increasing by 19% in the last 24 hours. This surge has resulted in over 80,000 collectors engaging in nearly 250,000 transactions.
Leading Blockchain Networks in NFT Sales
Bitcoin: Renowned for its role in the NFT market, particularly with Ordinals and BRC-20 collections, Bitcoin has emerged as the top blockchain for NFT sales. In the past 24 hours, Bitcoin-based NFT collections have generated $5.6 million in sales, up 13% from the previous day.
Ethereum: Known for hosting the majority of blue-chip NFT collections, Ethereum follows closely behind Bitcoin. Ethereum-based NFTs have seen a trading volume of $5.4 million in the last 24 hours, a 39% increase from the previous day.
Solana: As a public, open-source blockchain supporting smart contracts and various decentralized applications, Solana ranks third. Solana-based NFTs have reached a trading volume of $3.1 million, up 24.43% from the previous day.
Polygon: An Ethereum scaling solution, Polygon stands fourth with NFT sales amounting to $2.6 million in the past 24 hours.
Immutable X: As an Ethereum Layer Two solution, Immutable X is fifth, with NFT sales hitting $1.05 million.
Top Five Best-Selling NFTs
Bitcoin Uncategorized NFTs: This collection of assorted digital collectibles on the Bitcoin blockchain has recorded the highest sales volume at $2.3 million, a 10% increase from the previous day.
NodeMonkes: Featuring 10,000 NFTs on the Bitcoin blockchain using the ordinal protocol, NodeMonkes ranks second with a sales volume of $765,207, despite a 17% drop from the previous day.
DMarket: Hosted on the Mythos Chain, DMarket's NFTs have generated $757,556 in sales, up 13.22% from the previous day.
Guild Of Guardian: This mobile RPG game’s NFT collection has amassed $669,747 in sales, making it the fourth best-selling collection.
Bored Ape Yacht Club: This iconic collection from Yuga Labs on the Ethereum blockchain has seen a significant 75% surge in sales, reaching $567,631.
The NFT market's recent performance suggests a renewed interest and potential for a market rally. As blockchain technology continues to evolve, the NFT ecosystem is likely to see more dynamic changes in the coming days.
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