Nfts
Ethereum leads the NFT market with over $10 million in sales
Ethereum led the non-fungible token (NFT) market in sales on Thursday by accumulating US$10.48 million in the 24 hours to noon ET, according to data from CryptoSlam.
Ethereum, which also leads the industry in historic NFT sales with US$43.46 million, saw a 42% increase in sales volume to top the day’s leaderboard as only channel with at least $10 million in sales.
Pandora, a collection of 10,000 “replicants” enabled by the experimental token standard ERC-404, saw a 279% increase to US$1.61 million to help Ethereum.
All of Thursday’s NFT collections came from Ethereum, each fetching at least US$1 million.
Bitcoin and Solana, second and third respectively, saw sales decline over the past day.
Bitcoin’s NFT market faced a slowdown, with sales down 22.41% to $6.61 million.
Solana, which ranks third, also saw a drop in sales of 18.32%, totaling $6.12 million.
Polygon, which ranks fourth, saw a significant drop in sales of 29.31%, with sales amounting to US$784,579.
Polygon’s Thursday meltdown slows its progress toward its NFT sales target of US$1.5 billion, or about US$4.3 million.