As an experienced analyst in the cryptocurrency market, I find these data points intriguing and indicative of a shifting landscape within the NFT sector. Polygon’s recent surge in NFT sales volume, surpassing both Bitcoin (BTC) and Solana (SOL), is noteworthy. This trend could be attributed to various factors, including whale activity and increased adoption by prominent NFT creators and collectors.
The sales volume of Non-Fungible Tokens (NFTs) at Polygon has outpaced both Bitcoin (BTC) and Solana (SOL), indicating a robust growth in the NFT market.
Based on information from CryptoSlam, NFT sales amounted to $18.21 million in the previous 24 hours, marking a 27% increase. Simultaneously, the number of transactions decreased by 7%, totaling 351,319.
This movement might show heightened whale activity in the NFT sector.
Additionally, Ethereum (ETH) has dominated the Non-Fungible Token (NFT) market since late May. According to CryptoSlam’s data, there was a 24% rise in NFT sales within the last day, reaching approximately $5.1 million in total.
As a crypto investor, I’ve noticed an impressive surge in Polygon’s NFT trading volume, which has propelled it past Bitcoin and Solana once more. According to recent data, Polygon’s NFT sales have exceeded $4 million for the third time this year – the first occasion was in January, followed by July 3rd.
Solana claimed the first place with a remarkable $3.9 million worth of NFT sales in the past day, marking a significant 50% increase. Noteworthy, Solana stands out as the sole blockchain on this list experiencing a surge in buyer activity. The number of unique buyers has grown by an impressive 62%, now totaling 20,946.
As a crypto investor, I’ve noticed that the daily NFT sales on the Bitcoin network experienced a relatively modest increase of 11%, reaching approximately $2.7 million based on CryptoSlam’s data. Compared to other leading blockchains, Bitcoin currently exhibits the smallest wash trading volume, which is around $23,000.
As an analyst, I’ve noticed a significant downturn in monthly NFT sales since March of this year. The figure dropped from a peak of $1.6 billion in March to just $127 million by July.
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2024-07-10 13:04