crypto.news
10 July 2024 11:40, UTC
Polygon’s $NFT sales volume surpasses Bitcoin ($BTC) and Solana (SOL) as the non-fungible token ($NFT) market gains momentum.
According to data provided by CryptoSlam, the total $NFT sales increased by 27% in the past 24 hours, reaching $18.21 million. The surge comes while the total number of transactions declined by 7%, currently sitting at 351,319.
This movement might show heightened whale activity in the $NFT sector.
$NFT sales volume - 1"> Moreover, Ethereum (ETH) has been leading the $NFT scene since late May. Per CryptoSlam data, the $NFT sales volume increased by 24% over the past day and is currently hovering at $5.1 million.
Polygon overtook Bitcoin and Solana again after seeing a 173% rally in its $NFT trading volume. Data shows that Polygon’s $NFT sales surpassed the $4 million mark for the third time this year — first in January and second on July 3.
Solana secured the top spot with $3.9 million in $NFT sales, recording a 50% surge in the past 24 hours. Notable, Solana is the only blockchain on this list with an increased number of buyers, rising by 62% and currently sitting at 20,946 unique buyers.
The amount of $NFT sales on the Bitcoin network rose by only 11% over the past day, standing at $2.7 million, according to CryptoSlam data. At this point, Bitcoin has the least amount of wash trading volume among the leading four blockchains — only around $23,000.
Notably, the monthly $NFT sales have been consistently decreasing since March this year — falling from $1.6 billion on March 1 to $127 million on July 1.
