Ethereum Reclaims NFT Market Dominance

Ethereum, the biggest blockchain community for non-fungible token assortment, has efficiently reclaimed its preliminary NFT market dominance. Ethereum blockchain community misplaced its NFT market dominance to Bitcoin earlier this month, following the latest brief market rally of BRC-20 NFTs.

Knowledge compiled by CryptoSlam.io, an on-chain knowledge aggregator, reveals that non-fungible tokens hosted on Ethereum are probably the most traded this week, flipping Bitcoin-based NFT assortment, which used to dominate the NFT market prior to now three weeks.

Ethereum Flips Bitcoin In NFT Gross sales Quantity

Non-fungible tokens hosted on Bitcoin, one of many largest blockchain networks for each crypto and NFTs, outperformed Ethereum-based NFTs in gross sales earlier this month. Prior to now 24 hours, Ethereum NFTs have recorded a buying and selling gross sales quantity of $13 million, whereas Bitcoin NFTs have amassed a buying and selling gross sales quantity of simply $5 million. Ethereum NFT gross sales are over two instances that of Bitcoin.

Digital collectibles hosted on Solana and Immutable X are the third and fourth most traded NFT collections this week, amassing gross sales volumes of $1.7 million and $806,456, respectively. Prior to now 24 hours, Solana-based NFT gross sales volumes are down 12%, whereas Immutable X is down 1%.

Mythos Chain-based NFT collections are the fifth most traded NFT assortment prior to now 24 hours, amassing a buying and selling gross sales quantity of $750,979. Mythos Chain NFT collections are 1.49% in gross sales. NFT gross sales throughout all blockchain networks have risen to $23 million.

Ten Most Traded NFTs In The Previous 24 Hours

Supply: CryptoSlam.io, top-selling NFTs

1. Bored Ape Yacht Membership NFTs

Bored Ape Yacht Membership, an NFT assortment from the digital asset agency Yuga Labs that includes a hard and fast set of 10,000 NFTs hosted on the Ethereum blockchain community, is the highest most traded NFT assortment at present. Prior to now 24 hours, Bored Ape Yacht Membership has amassed a buying and selling gross sales quantity of $2.2 million. The NFT assortment is up 11.57% from the day gone by.

2. $SAT BRC-20 NFTs

$SAT is a crypto token created on the Bitcoin blockchain community utilizing a BRC-20, a protocol much like the famend Ethereum ERC-20. $SAT BRC-20s are the second most traded NFT assortment at present. Prior to now 24 hours, the NFT assortment has recorded a buying and selling gross sales quantity of 1.7 million. $SAT BRC-20 NFTs are up 96.18% at present from the day gone by.

3. $RAT BRC-20 NFTs

$RAT is an animal crypto token created on the Bitcoin blockchain community utilizing the BRC-20 NFT protocol. $RAT BRC-20 NFT collections are at present’s third most traded NFT assortment, attracting a buying and selling gross sales quantity of $840,545.Prior to now 24 hours, $RAT BRC-20 NFTs are up 77.29% in gross sales quantity.

4. FrxETHRedemtion NFTs

FrxETHRedemtion, an NFT assortment hosted on the Ethereum blockchain community, is at present’s fourth most traded NFT assortment. Prior to now 24 hours, the FrxETHRedemtion NFT assortment has recorded a buying and selling gross sales quantity of $812,055.The NFT assortment is 390,160% in simply hours.

5. DMarket NFT Assortment

DMarket, an NFT assortment hosted on the Mythos Chain blockchain community, is at present’s fifth most-traded NFT assortment. Prior to now 24 hours, DMarket NFT assortment has amassed a buying and selling gross sales quantity of $731,446. DMarket NFTs are 1.0% at present in comparison with the day gone by.

Supply: CryptoSlam.io, prime promoting NFTs

6. Gods Unchained NFT Assortment

Gods Unchained, an NFT assortment from Ethereum Layer 2 community Immutable X, is at present’s sixth most traded NFT assortment. Prior to now 24 hours, Gods Unchained has recorded a buying and selling gross sales quantity of $686,679. Nevertheless, Gods Unchained NFTs are down 7.02% at present.

7. Mutant Ape Yacht Membership NFTs

Mutant Ape Yacht Membership, an NFT assortment from the digital asset incubation studio Yuga Labs that includes a restricted version of 20,000 NFTs hosted on the Ethereum community, is the seventh most traded NFT assortment at present. Prior to now 24 hours, the NFT assortment has recorded a buying and selling gross sales quantity of $511,703, up 13.83% from the day gone by.

8. DeGods NFT Assortment

DeGods is an NFT assortment from the digital asset agency Mud Labs that includes a restricted version of 10,000 NFTs hosted on the Ethereum community. DeGods is at present’s eighth most traded NFT assortment, elevating a buying and selling gross sales quantity of $472,075.DeGods NFTs are down 22% at present.

9. AOIEngine NFT Assortment

AOIEngine, an NFT assortment hosted on the Ethereum blockchain community, is at present’s ninth-most-selling NFT assortment. Prior to now 24 hours, the AOIEngine NFTs assortment has recorded a buying and selling gross sales quantity of $429,053. Nonetheless, the NFT assortment is down 75%.

10. CryptoPunks NFTs Assortment

CryptoPunks is an NFT assortment beforehand from the digital asset incubation studio Larva Labs earlier than being bought to Bored Ape Yacht Membership creator Yuga Labs. CryptoPunks, an NFT assortment with a restricted version of 10,000 NFTs, is at present’s tenth most traded NFT assortment. The NFT assortment is up 211% in gross sales quantity.

Will BRC-20 NFTs Rally Once more This Week?

Bitcoin BRC-20 NFT market rally has cooled in latest days after three weeks of bull run. Nonetheless, the BRC-20 NFTs, alongside different NFT collections, are anticipated to proceed flourishing within the coming weeks. The worldwide NFT market is predicted to bear one other bull run much like the historic 2021 bull run within the coming weeks or months.

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