Ethereum Flips Solana In NFT Sales Volume
Ethereum, the largest blockchain for non-fungible tokens, has reclaimed NFT market dominance from Solana following the resurgence of popular blue-chip NFTs like Azuki, Bored Ape Yacht Club, and Mutant Ape Yacht Club. Ethereum lost initial NFT market dominance to Solana after new Solana-based NFTs gained traction among traders.
Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the Ethereum blockchain network has raised its ranking, becoming the second most traded blockchain network in the NFT ecosystem. Ethereum is left to compete with the reigning champion Bitcoin network, which took over NFT market dominance in November.
In the past 24 hours, Ethereum has recorded a non-fungible token trading sales volume of $12 million, while Solana has just attracted a trading sales volume of $9.8 million. Bitcoin is leading the streak with a trading sales volume of $14 million. Ethereum NFT sales have risen by 48% from the previous day during this period.
Five Top Selling Blue-chip NFTs Right Now
Blue-chip Azuki, a non-fungible token collection from the digital asset incubation studio Chiru Labs, is currently the top-selling NFT collection. In the past 24 hours, Azuki, an NFT collection that features a limited edition of 10,000 anime-themed NFTs hosted on the Ethereum network, has recorded a trading sales volume of 2,851 ETH. During this period, Azuki NFT sales are up 5%.
Bored Ape Yacht Club, an NFT collection from the digital asset firm Yuga Labs that features a fixed supply of 10,000 NFTs hosted on the Ethereum blockchain network, is the second most-traded NFT collection right now. In the past 24 hours, Bored Ape Yacht Club has attracted a trading sales volume of 2,452 ETH. During this period, Bored Ape NFT collections have risen 4.9% in sales volume.
Mutant Ape Yacht Club, another blue-chip NFT collection from the Bored Ape Yacht Club creator Yuga Labs, is currently the third most selling NFT collection. In the past 24 hours, the NFT collection, which features a limited edition of 20,000 hosted on the Ethereum network, has recorded a trading sales volume of 1,189 ETH. It has a market of $252 million and a floor price of $12,932.
DeGods, an NFT collection from the digital asset firm Dust Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum network, is now the fourth most traded NFT collection. In the past 24 hours, DeGods NFT collection has recorded a trading sales volume of 848 ETH. DeGod’s NFT sales are up 5.3% from the previous day.
Pudgy Penguins, an NFT collection from the NFT brand Pudgy Penguins that features a fixed set of 8,888 NFT collections hosted on the Ethereum network, is now the fifth most-selling NFT collection. In the past 24 hours, Pudgy Penguins has recorded a trading sales volume of 824 ETH. During this time, Pudgy Penguins NFT sales volume is up 13% from the previous day.
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Hot Take
With Ethereum reclaiming NFT market dominance from Solana, the resurgence of popular blue-chip NFTs has seen a shift in sales volume, with various NFT collections gaining traction. The rise in Ethereum NFT sales indicates a new trend that may continue to influence the NFT ecosystem.
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