The post NFT sales surge to $93m, Ethereum network dethrones Bitcoin appeared on BitcoinEthereumNews.com.

Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data. As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse: NFT sales volume pumped to $93 million from last week’s $77.6 million. The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume. NFT buyers almost doubled from last week’s 263,804 to 494,666. The number of NFT sellers also witnessed a 108% surge and stands at 252,401. Ethereum vs. Bitcoin Bitcoin, which has been maintaining its top position, has been dethroned by Ethereum in terms of sales volume in the last seven days. Source: Blockchains by NFT Sales Volume (CryptoSlam) Ethereum NFT sales volume has surged from last week’s $26.6 million. The sales have seen an uptick by over 30% and stand at $33.4 million at press time. Bitcoin has also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million. However, when it comes to Ethereum, $5.3 million of the volume accounted for wash trading. This is considerably higher compared to Bitcoin’s wash trading of $902,000. Cryptoslam data shows that Solana (SOL) has stood robust in its third position, just like last week. Solana’s weekly NFT sales volume stood at $16.6 million. Mythos Chain (MYTH) and Polygon (POL) earned the next two positions in the leaderboard with $5.5 million and $3.9 million in sales, respectively. Concerning the number of NFT buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% surge from last week’s 60,115. DMarket maintains its first position for over three weeks NFT Collection Rankings by Sales Volume (CryptoSlam) Just like the last two weeks, DMarket maintains its ranking with the highest sales — $5.2 million.…

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Filed under: News - @ October 19, 2024 6:18 pm