Ethereum, the blockchain network previously known in the non-fungible token for powering the majority of blue-chip non-fungible token collections, has finally regained the non-fungible token market dominance from the Immutable and Polygons blockchain networks. In the past 24 hours, the Ethereum-based NFT collections have amassed a trading sales volume of over $7.5 million, up 31% from the past day.
Ethereum Reclaims The NFT Market Dominance
Data fetched by CryptoSlam confirms that the Ethereum blockchain has finally reclaimed the non-fungible token dominance. CryptoSlam.io is one of the leading non-fungible token aggregator platforms that collects and analyzes data on non-fungible tokens across various blockchains. It provides users with tools and analytics to discover, track, and assess NFT collections, while also offering developers an API for real-time NFT data.
According to the analytics firm, Ethereum, a decentralized blockchain network used for creating, trading, and storing non-fungible tokens, has amassed a trading sales volume of $7.5 million, up 31% from the past day. Ethereum has emerged as the most traded blockchain in the NFT market. Ethereum is a popular platform for NFTs due to its smart contract capabilities that allow the creation of unique and verifiable digital assets.
Polygon, an Ethereum Layer 2 scaling solution, offering faster and cheaper NFT transactions compared to the main Ethereum network, making it a cost-effective platform for NFT activities, is today’s second most-selling NFT collection in the global NFT market. In the past 24 hours, the Polygon-based NFT collections have raised a trading sales volume of $2.7 million. During this time, the Polygon NFT sales volume surged by 16% from the previous day.
Mythos Chain, a blockchain network ensuring secure and efficient NFT transactions across the entire Mythos gaming ecosystem, is today’s third most-traded blockchain network in the NFT market. In the past 24 hours, the Mythos Chain-based NFT collections raised a trading sales volume of $2 million. During this time, the Mythos chain NFT sales fell by 1.29% from the past day.
Bitcoin, the blockchain network renowned in the crypto market for powering the flagship crypto Bitcoin, Runes, Ordinals and BRC-20 NFT collections, is today’s fourth most-traded network in the NFT market. In the past 24 hours, the Bitcoin-based NFT series has recorded a trading sales volume of $1.5 million. During this time, the Bitcoin NFT sales have fallen by 24% from the past day.
Immutable Drop Down To The 5th Spot
Immutable X, a Layer 2 scaling solution built on the Ethereum blockchain, designed to improve gaming and the trading and management of NFTs, is today’s fifth most-traded NFT blockchain network. In the past 24 hours, the Immutable-based NFT collections have raised a trading sales volume of $1 million. During this time, the Immutable NFT trading sales volume has surged by 13% from the past day. Immutable rose into dominance last month after the Guild of Guardians Heroes, Gods Unchained, and Guild of Guardians Avatars NFTs exploded in trading sales volume.
