Ethereum NFT sales surged by 5.21% to $11 million on Friday, leading the market amid a slump in Bitcoin sales. Despite a 16% decline, Bitcoin still ranked second with $10.21 million in sales, nearing a $3 billion milestone. Solana faced a 21.58% drop in sales, placing third with $5.30 billion, marking the first day without a Solana project among the top three collections.
Ethereum NFT Sales Surge, Propelling Market Leadership
In a dramatic turnaround, Ethereum NFTs soared to reclaim market dominance on Friday. Sales skyrocketed by an impressive 5.21%, reaching a staggering US$11 million. This surge eclipsed the previous leader, Bitcoin, which experienced a significant 16% decline in sales.
Bitcoin, which reigned supreme on Thursday, settled into the second spot on Friday with a total of US$10.21 million in sales. Despite this setback, Bitcoin remains poised to surpass the US$3 billion milestone in total sales this week, with less than US$700,000 remaining to reach the coveted threshold.
Meanwhile, Solana, formerly ranked third, suffered a notable 21.58% dip in sales, bringing its total down to US$5.30 billion. Notably, Solana failed to have a project among the top three collections on Friday, marking the first day of the week without its presence in that coveted echelon.
Mad Lads and Froganas, two Solana projects that previously featured in the top 10 collection rankings, both recorded sales below US$1 million on Friday. This decline underscores the broader market trend that saw Solana lose ground.
In contrast to Solana's struggles, Mythos emerged as a bright spot in the ranking, climbing to fourth place with a commendable 10.71% surge in sales, amounting to US$1.08 million in the last 24 hours. This growth was primarily attributed to the DMarket collection, which features in-game NFTs and virtual items. DMarket emerged as the third-highest-selling collection on Friday, generating US$1.06 million in sales.
The NFT market's dynamics are constantly shifting, with different networks and collections experiencing varying degrees of success. However, Ethereum's resurgence and Bitcoin's continued strength indicate the staying power of these two leading platforms. As the week progresses, it remains to be seen whether Bitcoin can surmount the US$3 billion mark and whether Ethereum will solidify its newfound dominance.
Note to readers: This article was generated by an AI language model and should be treated as a speculative narrative based on limited data. The accuracy and completeness of the information provided cannot be guaranteed.
