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Home»Ethereum»NFT Sales Drop 12% As Ethereum Dominates and Polygon Surges

NFT Sales Drop 12% As Ethereum Dominates and Polygon Surges

Ethereum By Gavin23/06/2024
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Sales of NFTs continued to decline last week by 12%.

The previous week, recall sales dropped by 16%. 

The following is a list of CryptoSlamIn the seven-day period, sales totaled just over $100 million. Over $785,000 in buyers and sellers were involved. 

Ethereum is the leader in cryptocurrency

CryptoSlam: Blockchains by NFT Sales Volume| Source: CryptoSlam

EthereumETH( once again The most active Blockchain for NFT Sales topped the list with transactions worth $38,4 million. 

Ethereum’s wash trading activity grew nearly 95% last week to reach $37.69 Million.

PolygonMATICLast week, the () was amongst the top winners. The sales jumped by 11.2%, pushing it over the Bitcoin.BTCThe network is now in second place. 

Interesting, the wash trading volume on the platform continues to rise. Polygon had a 37.58 percent increase in washing trading during the week prior. It increased by 46%, to $14.9million, nearly double what it was the week before.

The third-place finish in sales volume. Bitcoin The biggest loser of the week was Fantom (40%) Only Fantom’s sales dropped by 40%.FTMBlastBLASTBoth of these dips are 87% (the first) and 74% (the second). 

The platform’s wash trading activity also increased by nearly 200%. However, the resultant $63,072 is negligible when compared with Ethereum and Polygon.

Solana (SOLImmutable (the network that ranked 5th last week) has dropped to 6th place.IMXMythos Chain (MYTHIt was overtaken by, which sold nearly $4 million.

Zora and others have delivered notable performances. BNB ChainPanini, and Zora. Zora’s sales increased more than 50 percent, whereas Panini – which produces NFT sports cards – saw an increase of 22 per cent to make $135,000 

Collection of Leading NFT

NFT sales drop 12% as Ethereum dominates, Polygon surges - 2
NFT Collection Rankings by Sales Volume | Source: CryptoSlam

Except for Mythos DMarket, none of the NFT collection that topped sales charts in the prior week could be found. CryptoPunks, however, made a strong comeback. It registered a 155% increase in sales to reach $5.26million and became the best-selling NFT of the week.

The next company was DMarket. Despite a drop of 9.21% in sales, it still earned more than $4 million. 

Bored Ape Yacht Club – another NFT collection based on Ethereum – managed to grab the third spot with 113 transactions that generated nearly $3.5million. It was impressive because it marked a 73.66% increase over sales the week before.

Ethereum’s Pudgy Penguins Collection and Solana’s DogeZuki Collection also did very well in the past week, bringing in respectively $3.69 and $2.43 millions.

The top-selling non-woven fabrics of the past week

Ethereum was the source of the highest-priced NFT. The price of the NFT is $204,066. This pales in contrast to last week’s winning prize, which was $587,194. 

The second-placed Bitcoin Ordinal sold for only $113 465. This was just $2 548 less than the Mad Lads #4575, from Solana.

The sales of soccer fan tokens soared dramatically last week, as two large international tournaments were held in Europe and America.

NFT sales drop 12% as Ethereum dominates, Polygon surges - 3
Source: CryptoSlam| Source: CryptoSlam

Galatasaray’s (GAL) Fan Tokens, as can be seen from the above table, recorded the largest sales volume. The amount sold jumped an amazing 70,149%, to $280.5 millions, when Turkey defeated Georgia in its first Euro 2024 match. 

Token prices are also up by 2,542%, and currently cost $2.87 each. As Spain, France, Italy and PSG began successful Euro 2024 campaigns, sales of FC Barcelona, PSG fan tokens and Juventus fan badges increased by between 22,903%and 8,670%.

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: crypto.news

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