CandleFocus NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place
2024-10-27
Author: Content Editor
The non-fungible token (NFT) sales volume has decreased by 7% in the last week, reaching $89.1 million. The global crypto market cap has dropped by over 2% within the last 24 hours, despite showing signs of recovery. Ethereum remains in the lead for NFT sales with $31.1 million, although it has experienced a 4% decline compared to the previous week, with 21% of the volume accounting for wash trading. Solana has surpassed Bitcoin to claim the second position for NFT sales, with a 30% decrease in sales for Bitcoin compared to the previous week. Solana's NFT sales volume stands at $18.3 million, showing a 12% increase. Solana also witnessed a 56% surge in the number of buyers, with 301,523 buyers this week compared to 192,543 in the previous week. Mythos Chain and ImmutableX earned the fourth and fifth rankings with $10 million and $3.8 million in sales, respectively. DMarket maintains its first ranking with sales at $4.918 million, while Froganas on Solana emerges as the second largest NFT collection with $4.917 million in sales.
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