#Binance #NFT #Bitcoin #Solana
Title: Ethereum Dominates NFT Market with $10.48 Million in Sales
According to data from CryptoSlam, Ethereum solidified its position as the leading platform in the non-fungible tokens (NFT) market by generating $10.48 million in sales within a 24-hour period ending at 12 p.m. ET on Thursday. Ethereum also holds the record for the highest all-time NFT sales at $43.46 million. With a remarkable 42% surge in sales volume, Ethereum emerged as the sole blockchain to surpass $10 million in sales for the day.
One noteworthy contributor to Ethereum's success was the Pandora collection, which consists of 10,000 "Replicants" created using the ERC-404 experimental token standard. This collection experienced an impressive surge of 279%, generating $1.61 million in sales.
On Thursday, all NFT collections that achieved at least $1 million in sales were exclusively on the Ethereum platform. In contrast, both Bitcoin and Solana, ranking second and third respectively, witnessed a decline in sales during the same period.
Bitcoin's NFT market experienced a downturn, with sales dropping by 22.41% to reach $6.61 million. Similarly, Solana, holding the third position, encountered an 18.32% decline in sales, totaling $6.12 million.
Polygon, occupying the fourth spot, encountered a significant sales drop of 29.31%, with sales amounting to $784,579. This slump on Thursday hindered Polygon's progress towards reaching its $1.5 billion NFT sales milestone, which is approximately $4.3 million shy of the target.
In summary, Ethereum's dominance in the NFT market was evident as it outperformed other platforms, making $10.48 million in sales within a day. The success was aided by the surge in sales from the Pandora collection. Meanwhile, Bitcoin, Solana, and Polygon experienced declines in their respective NFT sales.
