Ethereum, the largest blockchain network for non-fungible tokens, has experienced heavy market competition from other initially less popular networks, such as the Bitcoin network, in recent weeks. Earlier this past month, Bitcoin dethroned Ethereum, becoming the most traded blockchain in the NFT ecosystem.
Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the Ethereum blockchain network has lost its initial traction among traders, giving a chance to other layer-one blockchain and layer-two nets. Data shows Polygon and Solana have experienced a slight bump in NFT sales.
Bitcoin NFTs Jump 0.54% In Sales Volume
The growth of NFT sales across alternative blockchains comes as sales of Ethereum NFTs have shrunk in recent days. The trading sales volume on Ethereum is down 5.63%, while the number of unique buyers and sellers on Ethereum has also dipped in the past 24 hours.
Non-fungible tokens hosted on the Bitcoin network are today’s top most traded NFT collections. In the past 24 hours, Bitcoin-based NFT collections have amassed more than $18 million in trading sales volume. Bitcoin-based NFT collections are up 0.52% today.
$SAT, a crypto token uniquely created using the BRC-20 protocol, is the most-selling NFT collection on the Bitcoin blockchain network. In the past 24 hours, $SAT BRC-20 has amassed a trading sales volume of $3.2 million. The NFT collection is up 5.12% in sales volume.
Solana NFTs Rise 77% In Sales Volume
Digital collectibles hosted on Solana, a decentralized blockchain network that uses a proof–of–stake consensus mechanism, are today’s second most traded NFT collection. In the past 24 hours, the Solana NFT collection has recorded a trading sales volume of $7.7 million. Solana NFTs are up 77% in sales.
Mad Lads, an NFT collection created by the Solana framework development company Coral, led by Armani Ferrante and Tristan Yver, is the most traded NFT collection in the Solana blockchain network. In the past 24 hours, the Mad Lads NFT collection has recorded a trading sales volume of $2.6 million. Mad Lads NFT collections are up 570% in trading sales volume.
Polygon NFTs Jump 239% In Sales Volume
Non-fungible token hosted Polygon, an Ethereum scaling solution network, is today’s fourth most traded NFT collection. In the past 24 hours, the Polygon NFT collection has attracted a trading sales volume of $6.6 million. Polygon NFTs are up 239% in trading sales volume.
Gas Hero Badge, an NFT collection from the blockchain game Gas Hero, is currently the most-selling NFT collection on the Polygon blockchain network. In the past 24 hours, GasHeroBadge NFT collection has recorded a trading sales volume of $5.2 million. The NFT collection is up 654%.
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