Ethereum has continued its dominance in the non-fungible token (NFT) market, maintaining its position as the top-ranking blockchain for the second consecutive day, according to data from CryptoSlam. The world’s second-largest cryptocurrency by market capitalization has further cemented its position as the leading platform for NFT sales and trading.
In the 24 hours leading up to 12:30 p.m. ET on Thursday, Ethereum NFT sales surged to over $32.81 million. This impressive feat was largely driven by the sale of CryptoPunk #7804, which fetched a staggering $16.38 million, or 4,850 ETH, making it the second highest-valued CryptoPunk ever sold.
With this latest surge, Ethereum’s all-time NFT sales volume has skyrocketed to an unparalleled $43.30 billion, further cementing its status as the industry leader in the burgeoning NFT market.
In contrast, other prominent blockchains, Bitcoin and Solana, experienced declines in their NFT sales performance during the same period. Bitcoin’s sales dipped by 12% to $10.26 million, while Solana’s sales fell by 17% to $6.39 million.
While formidable in their own right, with all-time NFT sales of $2.91 billion and $5.25 billion respectively, these blockchains have yet to match the unrivaled dominance of Ethereum in the NFT arena.
As the NFT craze continues to captivate collectors and investors worldwide, Ethereum’s robust ecosystem and strong developer support have solidified its position as the go-to blockchain for this revolutionary digital asset class.
