Polygon surpasses Bitcoin, Solana in daily NFT sales volume

Polygon’s NFT gross sales quantity surpasses Bitcoin (BTC) and Solana (SOL) because the non-fungible token (NFT) market positive aspects momentum.

In keeping with knowledge supplied by CryptoSlam, the whole NFT gross sales elevated by 27% prior to now 24 hours, reaching $18.21 million. The surge comes whereas the whole variety of transactions declined by 7%, presently sitting at 351,319.

This motion would possibly present heightened whale exercise within the NFT sector.

NFT gross sales quantity by blockchain – July 10 | Supply: CryptoSlam

Furthermore, Ethereum (ETH) has been main the NFT scene since late Might. Per CryptoSlam knowledge, the NFT gross sales quantity elevated by 24% over the previous day and is presently hovering at $5.1 million.

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Polygon overtook Bitcoin and Solana once more after seeing a 173% rally in its NFT buying and selling quantity. Information exhibits that Polygon’s NFT gross sales surpassed the $4 million mark for the third time this yr — first in January and second on July 3.

Solana secured the highest spot with $3.9 million in NFT gross sales, recording a 50% surge prior to now 24 hours. Notable, Solana is the one blockchain on this checklist with an elevated variety of consumers, rising by 62% and presently sitting at 20,946 distinctive consumers.

The quantity of NFT gross sales on the Bitcoin community rose by solely 11% over the previous day, standing at $2.7 million, in accordance with CryptoSlam knowledge. At this level, Bitcoin has the least quantity of wash buying and selling quantity among the many main 4 blockchains — solely round $23,000.

Notably, the month-to-month NFT gross sales have been persistently lowering since March this yr — falling from $1.6 billion on March 1 to $127 million on July 1.

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