NFT Sales Volume Pumps 26% Today – Are NFTs Attempting Another Comeback?

Updated: 03 May 2024

Disclosure

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Despite the recent non-fungible token market downturn, which left many non-fungible token collections further losing more than 30% of their value, experts and enthusiasts are confident that NFTs will bounce back to their best state before the end of this year. Interestingly, the NFT market trading sales volume has today surged 26%, showcasing that their market predictions are still achievable.

NFT Sales Pump 26% Today

Data compiled by Cryptoslam.io, an on-chain crypto market aggregator and multi-chain NFT explorer, shows that the global non-fungible token market has recorded some positive growth today. In the past 24 hours, the NFT market has amassed a trading sales volume of $26 million, representing a 26.38% rise from the previous day.

The positive growth recorded today marks a change of pace in the non-fungible token market, which has lately seen a huge lull. Non-fungible tokens experienced a massive surge in popularity in late 2021 and early 2022, accompanied by sky-high floor prices. But for the past two years, the NFT market has been crashing in trading sales volume and value.

Based on CryptoSlam.io data, Bitcoin, the blockchain network powering the flagship crypto Bitcoin and renowned for Bitcoin Ordinals, is today’s top-traded blockchain in the NFT ecosystem. In the past 24 hours, the Bitcoin-based NFT collections have attracted a sales volume of $9.9 million. Its NFT sales volume has surged 40% from the previous day.

Ethereum, the blockchain network renowned for powering the majority of blue-chip non-fungible tokens, is today’s second most-selling blockchain network in the NFT ecosystem. In the past 24 hours, Ethereum-based NFT collections have amassed a trading sales volume of $8.3 million. Ethereum NFT sales volume has surged 24% from the previous day.

Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, is today’s third most-traded blockchain network in the NFT ecosystem. In the past 24 hours, Solana-based NFT collections have recorded a sales volume of $3.3 million, representing a 31.44% rise from the previous day. Below we have listed top-selling NFT collections in the past 24 hours:

1. Ultiverse Gold Chip NFT Collection

Ultiverse Gold Chip, a non-fungible token collection from Ultiverse, an AI-powered one-stop platform for Web3 gaming production, features a limited edition of 8,000 NFTs hosted on the Ethereum blockchain network, is today’s top-selling NFT collection. In the past 24 hours, the NFT collection has amassed a trading sales volume of $3.13 million.

2. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a non-fungible token collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s second-most-selling NFT collection. In the past 24 hours, the Bored Ape Yacht Club NFT collection has raised a trading sales volume of 862 ETH.

3. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, another non-fungible token collection from the digital asset firm Yuga Labs featuring a limited edition of 20,000 mutant apes hosted on the Ethereum blockchain network, is today’s third most-selling NFT collection. In the past 24 hours, the Mutant Ape Yacht Club NFT collection has recorded a trading sales volume of 492 ETH.

Source: tiexo.com, top-selling NFT collection by volume in the past 24 hours

4. CryptoPunk NFT Collection

CryptoPunks, another non-fungible token collection owned by the digital asset incubation studio Yuga Labs featuring a fixed supply of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s fourth most-selling NFT collection. In the past 24 hours, the CryptoPunks NFT collection has amassed a trading sales volume of 489 ETH. The CryptoPunk NFT sales volume has surged 561% from the previous day.

5. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token collection featuring a limited edition of 10,000 NFTs hosted on the Bitcoin blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the NodeMonkes NFT collection has recorded a trading sales volume of 22.71 BTC. The NodeMonkes NFT sales volume has surged 39.14% from the past day.