In spite of a recent downturn in the market, Ethereum continues to dominate the non-fungible token (NFT) sector when it comes to sales. Even amidst fluctuations, Ethereum maintains its top position, with a significant portion of NFT transactions occurring on its platform.
The enduring popularity of Ethereum in the NFT market showcases its resilience and importance, despite short-term market fluctuations. This highlights the successful marriage between Ethereum and NFTs.
According to data from CryptoSlam, Ethereum has maintained its position as the leading blockchain in NFT sales for the third consecutive day. On Friday, Ethereum sales decreased by 63% from the previous day, primarily due to the sale of a single CryptoPunk NFT for $16.38 million.
During the same time period, Bitcoin and Solana secured the second and third positions in terms of sales volume, with figures of $7.99 million and $6.10 million respectively, following Ethereum.
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 (BTC) is $63,791.63, reflecting a decrease of 3.1% since yesterday and a 0.1% increase from an hour ago. Seven days ago, BTC was worth 7.6% more than its current value.
The current value of Ethereum (ETH) is $3,310.28, reflecting a decrease of 0.6% from an hour ago and a decline of 5.8% since yesterday. The present value of ETH is 11.4% less than it was seven days ago.
Sales of Solana decreased by 7.62%. As of today, Solana (SOL) is valued at $172.85, representing a decrease of 0.8% from an hour ago and 3.2% since yesterday. SOL is currently 8.1% less valuable than it was seven days ago.
Despite a general decline in the market, there are still fluctuations in activity across various blockchains. Friday saw a 12% increase in sales for BNB Chain, amounting to $1.22 million, with the “Lucky Start” collection contributing to the sales.
In terms of NFT sales, Bored Ape Yacht Club (BAYC), an Ethereum-based collection, remained at the top of the rankings on Friday, generating $1.45 million in revenue. NodeMonkes, a Bitcoin-based collection, achieved the second-highest sales total 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.
CryptoPunks, another prominent entity in the Ethereum ecosystem, experienced a substantial decline of 95.75% in revenue to $720,652.58, despite a consistent volume of transactions. After reaching the top spot on Wednesday with the sale of CryptoPunk #7804 for $16.38 million, CryptoPunks descended to eighth place.
Looking at the bigger picture, Axie Infinity by Ronin remains the leading game in terms of lifetime sales, accumulating an impressive $4.26 billion. BAYC and CryptoPunks follow suit, with $3.10 billion and $2.78 billion respectively.
However, Ethereum’s Pudgy Penguins saw a significant decline, with a 65.19% reduction in sales to $877,237 and a 66.67% decline in transactions.