Despite a recent dip in the market, Ethereum continues to dominate the non-fungible token (NFT) sector in terms of sales. Even amidst fluctuations, Ethereum remains in the top position, with a significant portion of NFT transactions taking place on its platform.
The fact that Ethereum maintains its prominence highlights its resilience and importance in the NFT market. This trend demonstrates Ethereum’s enduring popularity and its role as a leading blockchain platform for NFT transactions, regardless of short-term market fluctuations.
Ethereum’s successful integration with NFTs is evident in the data from CryptoSlam, which shows that Ethereum has maintained its position as the dominant blockchain for NFT sales for the third consecutive day.
On Friday, Ethereum sales decreased by 63% compared to Thursday, primarily due to the sale of a single CryptoPunk NFT for $16.38 million. Despite the decrease, Ethereum still outperformed Bitcoin and Solana, which secured the second and third positions in terms of sales volume, with $7.99 million and $6.10 million, respectively.
Bitcoin experienced a decline of 23% in quarterly sales volume, marking the first time Bitcoin NFTs have fallen below $10 million. The current value of Bitcoin is $63,791.63, reflecting a decrease of 3.1% since yesterday and a 0.1% increase from an hour ago.
As for Ethereum, its current value is $3,310.28, showing a decrease of 0.6% from one hour ago and a decline of 5.8% since yesterday. The present value of Ethereum is 11.4% less than it was seven days ago.
Sales of Solana decreased by 7.62%, with its current value at $172.85, representing a decrease of 0.8% from one hour ago and 3.2% since yesterday. Solana is currently 8.1% less valuable than it was seven days ago.
These statistics demonstrate a market that, despite an overall decline, still experiences fluctuations across various blockchains.
On Friday, BNB Chain saw a 12% increase in sales, amounting to $1.22 million. The “Lucky Start” collection played a significant role in contributing to this sales figure.
Despite a 19% decline, the Bored Ape Yacht Club (BAYC), an Ethereum-based NFT collection, remained at the top of the sales rankings in the NFT industry on Friday. BAYC generated $1.45 million in revenue in the twenty-four hours leading up to 2:00 p.m. ET. NodeMonkes, a Bitcoin-based collection, achieved the second-highest sales total of the day with a closing price of $1.3 million.
The Froganas collection by Solana experienced significant growth, with a 57.70% increase in sales to $1.19 million, placing it in the top ten for the first time this week.
On the other hand, CryptoPunks, another prominent entity in the Ethereum ecosystem, experienced a substantial decline of 95.75% in revenue to $720,652.58, despite maintaining the same volume of transactions.
Taking a broader perspective, Axie Infinity by Ronin remains the leading game in terms of lifetime sales, amassing an impressive $4.26 billion. BAYC and CryptoPunks follow suit, each with $3.10 billion and $2.78 billion, respectively.
In contrast, Ethereum’s Pudgy Penguins saw a significant decrease in sales, with a 65.19% reduction to $877,237 and a 66.67% decline in transactions.
