Nfts

Ethereum Surpasses $7 Million in Daily NFT Sales, Ending Weakest Month of 2024

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Ethereum closed non-fungible token (NFT) sales on Wednesday as the top blockchain in the market, with $6.87 million, according to data from CrptoSlam.

The platform saw a slight drop in total transactions to 14,840 from 14,987 the previous day, but maintained a high level of activity with 4,229 unique buyers and 3,304 unique sellers.

Ethereum posted its worst monthly NFT performance since October 2023.

In April, Ethereum recorded $241 million in sales, more than half of March’s $489 million, according to data from CryptoSlam.

Bitcoin was in second place in terms of NFT sales on Wednesday. Its gap with Ethereum was not big, however, as Bitcoin recorded $6.74 million in daily sales.

Bitcoin had a better month than Ethereum in April with over $602 million in sales to lead the market, but down from $625 million in March.

Sales of the Bitcoin collection were boosted by its halving event on April 20, which coincided with the launch of Runes, a new fungible token protocol for the world’s first blockchain network.

Solana came in third on Wednesday with $2.54 million.

Solana also failed to improve on its March performance of $249 million, dropping to $153.5 million in monthly sales.

Overall, April’s NFT sales volume dropped to $1.15 billion, down from $1.53 billion in March. April saw the lowest NFT sales of 2024 so far, but still managed to register an increase of about 56% over the previous year.

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