Mythos Chain Outpaces Ethereum In Daily NFT Sales

Mythos Chain Outpaces Ethereum In Daily NFT Sales – Becomes The Leading NFT Blockchain

Updated: 08 August 2024

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Mythos Chain, a blockchain network leveraging the Ethereum Virtual Machine (EVM) for its compatibility, has risen in the non-fungible token market ranking, becoming the leading NFT blockchain in daily trading sales volume. Mythos Chain has outpaced giant blockchain networks like Ethereum, Bitcoin, and Solana in daily trading sales volume.

Data compiled by CryptoSlam.io, an on-chain non-fungible token market explorer, shows that the Mythos Chain is leading in daily trading sales volume. In the past 24 hours, Mythos Chain–based NFT collections have amassed a trading sales volume of $4.6 million, up 40,000% from the past day. Mythos Chain has dethroned Ethereum, which followed it with a trading sales volume of $3.9 million.

The Mythos Chain is a permissioned EVM chain based on the Mythos token (MYTH) optimized for in-game assets that power the Mythical Games ecosystem. The Ethereum Virtual Machine (EVM) is a decentralized virtual environment that executes code consistently and securely across all Ethereum nodes. Nodes run the EVM to execute smart contracts, using “gas” to measure the computational effort required for operations, ensuring efficient resource allocation and network security.

Mythos Chain aims to democratize the rapidly growing gaming world and allow for players and creators to participate in the value chain. It is grounded in the support of multi-chain ecosystems, unified marketplaces, decentralized financial systems, decentralized governance mechanisms and multi-token game economies. But what has fueled Mythos Chain NFT’s growth today?

Factors Fueling Mythos Chain NFT Growth

DMarket, a non-fungible token collection from the DMarket NFT market platform created on the Mythos Chain blockchain network, is the primary factor behind the Mythos Chain’s NFT market growth. In the past 24 hours, DMarket NFT collection has recorded a trading sales volume of $4.6 million. DMarket NFT collection has taken 99% of the total Mythos Chain sales volume.

Launched in 2017, DMarket is a virtual marketplace that provides a platform for trading skins and other digital items used in virtual games, such as Counter-Strike 2, Dota 2, and more. This virtual marketplace seeks to bridge the gap between the real and virtual worlds while facilitating an NFT market platform that expedites development.

DMarket NFT marketplace also offers access to high-quality virtual items that enhance the metaverse experiences for fans and brands. The platform operates a cross-chain service where brands and their target audiences can connect in the virtual landscape. This gives companies, brands, and organizations a chance to take advantage of the inherent potential in the global metaverse landscape.