The post NFT sales drop 6% to $84.6m, Solana retains top ranking appeared on BitcoinEthereumNews.com.

Amidst the recent crypto market price drop, the non-fungible token (NFT) sales volume has dropped by 6% to $84.6 million. Even though the crypto market showed mild signs of a positive trajectory recently, all the gains seem to have erased now. According to CoinMarketCap data, the global crypto market cap has dropped by 1.39% at press time to $2.31 trillion. The last week, the NFT sales volume stood at $89.1 million. However, according to recent data from CryptoSlam, the NFT sales volume has slumped by 6%. NFT sales volume descended to $84.6 million. Ethereum (ETH) blockchain still holds its first position with $28.3 million in sales. Solana (SOL) retains its second ranking for two weeks straight. The number of NFT buyers shot up by 21%. NFT sellers also went up by 30% from last week’s 385,184. Ethereum NFT sales drop by over 6.6% The Ethereum NFT blockchain NFT sales volume stood at $31.1 million last week. However, the latest data shows that the sales have gone below the $30 million level to hit $28.3 million. Comparatively, this week has been on the lower side, with a 6.6% drop in the last seven days. Interestingly, the number of NFT buyers on the Ethereum blockchain increased by 17.4% to 56,021. Source: Blockchains by NFT Sales Volume (CryptoSlam) When it comes to the second-ranking, Solana has retained the position for two weeks straight, even though it was 11.3% down in the last seven days. According to the data, Solana blockchain’s NFT volume stood at $16.1 million. The number of NFT buyers has also seen a decent 27.7% and rose to 385,272. Bitcoin (BTC) has exhibited the smallest sales drop, with a 2.78% loss and standing at $14.12 million. Mythos Chain (MYTH) stood in fourth place at $10.9 million, with a 6.65% drop during…

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Filed under: News - @ November 2, 2024 5:21 pm