Ethereum has regained its position as the top blockchain in non-fungible token (NFT) sales over the past 24 hours, rising 12.06% to $12.47 million, according to data from CryptoSlam.
The blockchain saw a slight decline of 5.29% on Wednesday in wash sales, which are typically inauthentic transactions used to inflate volume.
This achievement has contributed to Ethereum’s all-time sales volume, which now stands at a market-leading $43.27 billion.
Bitcoin, which led the industry in NFT sales every day through Wednesday this week, came in second with $10.9 million.
Thanks to Bitcoin’s performance, the network reached a new milestone: it became the fourth blockchain with a turnover of more than $2.9 billion of all time.
Solana was in third place with revenue of $7.67 million, after a decline of 17.38%. The network’s laundry sales increased by 40.79%.
Other blockchains such as BNB and Polygon also showed notable activity in the NFT market.
Both networks were among only five blockchains to post revenues of at least $1 million on Wednesday.
At the lower end of the spectrum, networks like Flow and Ronin saw the biggest changes in revenue over the past 24 hours.
Flow’s sales skyrocketed 90.72%, reaching almost US$497,324, while Ronin’s sales rose an impressive 280.87%, albeit starting from a lower base, to US$243,621.