Ethereum reclaims NFT throne with US$17.02 mln in daily sales

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Ethereum reclaimed its place because the top-ranking blockchain within the non-fungible tokens (NFT) market on Wednesday, with every day gross sales reaching US$17.02 million.

The platform noticed a rise of 39.19% in gross sales within the 24 hours to 2 p.m. ET, in response to knowledge from CryptoSlam. Ethereum’s all-time gross sales quantity rose to US$43.36 billion, which is the very best within the business.

Ethereum dethroned Bitcoin for the highest every day gross sales spot after the latter had held the place for 2 days.

This marks the second consecutive week the place Bitcoin led the market on Monday and Tuesday, solely to concede the result in Ethereum by Wednesday.

Bitcoin and Solana ranked second and third for the day, respectively, with Bitcoin experiencing a close to 30% lower in gross sales to US$11.61 million, whereas Solana’s gross sales dipped barely by 4.17%, totaling US$6.79 million.

Regardless of the lower, Bitcoin inches nearer to US$3 billion in all-time NFT gross sales quantity, now about US$23 million away.

It’s on tempo to develop into the fourth community in historical past to go the mark.

Polygon recorded the fourth highest gross sales quantity on Wednesday with a 6.35% enhance in gross sales during the last 24 hours, reaching US$1.13 million.

Polygon’s gross sales quantity reached at the least US$1 million for the primary time this week.

Mythos Chain, the fifth NFT community for the day had US$1.06 million in gross sales.

Immutable dropped out of the highest 5 place on Wednesday after struggling a 20% gross sales droop to US$725,679.

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