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

Ethereum tops the NFT sales chart, while Bitcoin and Solana see varied performance in the past 24 hours.

From the Forkast crypto archive

Ethereum and Bitcoin cryptocurrency coinage, macro view

Ethereum is the top-ranking blockchain in the non-fungible tokens (NFT) market for the second consecutive day, with sales exceeding US$10.24 million in the past 24 hours.

It was also the second straight day that Ethereum was the only blockchain to surpass $10 million in sales.

The leading platform saw a slight increase of 5.61% in sales volume, according to data from CryptoSlam.

Bitcoin and Solana followed as the second and third top-performing blockchains, with sales of US$7.71 million and US$4.60 million respectively.

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Bitcoin experienced a notable increase of 8.97% in sales, with a significant drop in wash sales by 95.26%, leading to an overall positive change of 7.72% in total sales volume.

Bitcoin, which frequently challenged Ethereum’s dominance throughout March stayed below the US$10 million daily sales mark for the entire trading week.

Bitcoin’s US$514 million edged out Ethereum’s US$490 million in NFT sales last month.

Solana faced a downturn, with sales plummeting by 24.06% and wash sales decreasing by 68.77%, resulting in a 41.97% decline in total sales volume.

The fourth-ranked BNB blockchain showed a remarkable surge in sales, jumping by 400.6%, although starting from a lower base, with total sales reaching nearly US$956,000.

The majority of BNB Chain’s sales came from LockDealNFT, which had a 563% increase to US$871,689.