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Ethereum leads NFT market with over US$10 million in sales

Ethereum sees a slight increase in NFT transactions, while Bitcoin and Solana experience declines in the past 24 hours.

From the Forkast crypto archive

Ethereum coin with stock graph background. Digital currency concept.

Ethereum led the non-fungible tokens (NFT) market in sales on Thursday by racking up US$10.48 million in the 24 hours to 12 p.m. ET, according to CryptoSlam data.

Ethereum, which also leads the industry in all-time NFT sales with US$43.46 million, had a 42% surge in sales volume to top the day’s rankings as the only chain with at least US$10 million in sales.

Pandora, a collection of 10,000 “Replicants” enabled by the ERC-404 experimental token standard, had a 279% surge to US$1.61 million to help Ethereum.

All NFT collections on Thursday were from Ethereum, all pitching in at least US$1 million each.

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Bitcoin and Solana, ranking second and third respectively, saw their sales dip over the past day.

Bitcoin’s NFT market faced a downturn, with sales dropping by 22.41% to reach US$6.61 million.

Solana, holding the third position, also encountered a decline in sales by 18.32%, totaling US$6.12 million.

Polygon, which ranks fourth, experienced a significant sales drop of 29.31%, with sales amounting to US$784,579.

Polygon’s Thursday slump slows down its progress to its US$1.5 billion NFT sales milestone, which is about US$4.3 million.