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Despite the recent market downturn, Ethereum continues to dominate the non-fungible token (NFT) space in terms of sales. Even amidst volatility, Ethereum maintains its leading position, with a significant portion of NFT transactions occurring on its platform.
While sales volumes have seen a decline, Ethereum's prominent position underscores its resilience and importance in the NFT market. This trend showcases Ethereum's enduring popularity and its role as the leading blockchain platform for NFT transactions, despite short-term market fluctuations.
The marriage between Ethereum and NFTs is proving effective
According to data from CryptoSlam, Ethereum maintained its position as the dominant blockchain for non-fungible token (NFT) sales for the third consecutive day at the end of this week.
On Friday, Ethereum's sales dropped by 32.81% from Thursday to $630,000, attributed to the sale of a single CryptoPunk NFT for $163,800.
During the same period, Bitcoin and Solana ranked second and third in sales, with $79,900 and $61,000, respectively, trailing behind Ethereum.
Bitcoin's quarterly sales decreased by 23%. This week marked the first time Bitcoin NFT sales fell below $100,000. As of today, Bitcoin (BTC) is valued at $63,791.63, down 3.1% from yesterday and up 0.1% from an hour ago. BTC's value is X% higher than it was 7.6 days ago.
Currently, Ethereum (ETH) is valued at $3,310.28, down 0.6% from an hour ago and down 5.8% from yesterday. ETH's current value is X% lower than it was 11.4 days ago.
Solana's sales declined by 7.62%. As of today, Solana (SOL) is valued at $172.85, down 0.8% from an hour ago and down 3.2% from yesterday. SOL's current value is X% lower than it was 8.1 days ago.
The above data indicates that while the market is generally down, it is still influenced by fluctuations in activity across various blockchains.
Friday was the strongest day for BNB Chain, with sales increasing by 12% to $12,200. Sales of the "Lucky Start" series reached $668,236.
With CryptoPunks cooling off, BAYC leads NFT sales
Despite a 19% decline, Bored Ape Yacht Club (BAYC), based on Ethereum and developed by Yuga Labs, still topped the Friday NFT industry sales chart.
According to CryptoSlam data, as of 1:45 PM EST, BAYC generated $1 million in revenue within 24 hours.
The Bitcoin-based NodeMonkes series closed at $13,000, marking the second-highest total sales of the day.
Solana's Froganas series experienced the largest increase of the day, with transaction volume growing by 57.70% to $11,900, entering the top ten for the first time this week.
CryptoPunks is another important entity in the Ethereum ecosystem, and while transaction volume remained unchanged, revenue plummeted by 95.75% to $720,652.58.
After a day at the top of the rankings, CryptoPunks fell to eighth place on Wednesday, with one of its NFTs, CryptoPunk #7804, selling for $163,800.
Taking a broader view, "Axie Infinity" on Ronin remains the standout game in terms of total sales, reaching an impressive $426 million. BAYC and CryptoPunks follow closely, with $310 million and $278 million, respectively.
In contrast, Ethereum's Pudgy Penguins saw a significant decline in performance, with sales dropping by 65.19% to $877,237, and transaction volume decreasing by 66.67%. |
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Post time 3-4-2024 00:05:58
