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Home»NFT»Ethereum surpasses $7 million in daily NFT sales to end its weakest month of 2024
NFT

Ethereum surpasses $7 million in daily NFT sales to end its weakest month of 2024

2024-05-02No Comments2 Mins Read
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Ethereum closed Wednesday’s non-fungible token (NFT) sales as the top blockchain on the market, with $6.87 million, according to data from CrptoSlam.

The platform witnessed a slight decline in total transactions to 14,840, compared to 14,987 the day before, but maintained a high level of activity with 4,229 unique buyers and 3,304 unique sellers.

Ethereum closed its worst monthly NFT performance since October 2023.

In April, Ethereum recorded revenues of $241 million, which is more than half of March’s $489 million, according to data from CryptoSlam.

Bitcoin ranked second in NFT sales on Wednesday. However, the difference with Ethereum was not large, as Bitcoin recorded a daily turnover of $6.74 million.

Bitcoin had a better month than Ethereum in April with sales of over $602 million to lead the market, but fell from $625 million in March.

Bitcoin collection sales were boosted by the April 20 halving, which coincided with the launch of Runes, a new fungible token protocol for the world’s first blockchain network.

Solana came third on Wednesday with $2.54 million.

Solana also failed to improve from March’s $249 million performance, falling to $153.5 million in monthly revenue.

Overall, NFT sales volume fell to $1.15 billion in April from $1.53 billion in March. April had the lowest NFT sales in 2024 so far, but still managed to post an increase of about 56% year-over-year.

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See also  Sotheby's Auctions Part of 3AC's rare NFT collection worth $2.4 million
Daily Ethereum Million month NFT sales Surpasses weakest
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