December 21, 2024

CryptoInfoNet

Cryptocurrency News

Despite market downturn, Ethereum continues to dominate NFT sales

Ethereum leads NFT sales despite market dip

Ethereum retained its position as the leading blockchain in non-fungible token (NFT) sales for the third consecutive day to close the week, CryptoSlam data shows.

Ethereum sales dipped by 63% on Friday, falling from Thursday’s US$32.81 million which was boosted by a single CryptoPunk NFT selling for US$16.38 million.

Following Ethereum, Bitcoin and Solana ranked second and third, with sales volumes of US$7.99 million and US$6.10 million respectively in the same period.

Bitcoin experienced a 23% decrease in sales volume. This is the first time Bitcoin NFTs fell below US$10 million this week.

Solana sales fell 7.62%.

These figures reflect a market that, while experiencing a general downturn, still sees fluctuations in activity across different blockchains.

BNB Chain had one of the strongest performances on Friday with a 12% sales increase to US$1.22 million. Its “lucky start” collection accounted for US$668,236 of those sales.

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