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Arbitrum Sees 111% Surge in NFT Sales, Beating ETH, Solana

Published 02/26/2024, 07:00 PM
Updated 02/26/2024, 07:15 PM
©  Reuters Arbitrum Sees 111% Surge in NFT Sales, Beating ETH, Solana
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  • NFT sales on Ethereum grew by 1.26% to over $17 million, involving 9,359 buyers in 24 hours.
  • Solana saw a 27.6% surge, with sales exceeding $9.28 million from 20,591 buyers.
  • Arbitrum saw a staggering 111% growth in NFT sales, reaching $1,212,592

Non-fungible tokens (NFTs) on popular crypto blockchain networks, such as Ethereum (ETH), Solana (SOL), and Arbitrum (ARB), have recorded staggering gains within the past 24 hours. Statistics from market tracker Crypto Slam have confirmed a resurging interest in NFTs.

According to Crypto Slam data, genuine NFT sales volume on the Ethereum network grew by 1.26% to $17,373,122, with 9,359 buyers involved in the transactions. On the other hand, counterfeit NFT sales volume dropped by 30.7% to $6,086,428.

Cumulatively, the Ethereum blockchain saw a total NFT trading volume of over $23.45 million within the past day. On the seven-day scale, the total sales amounted to $207.9 million, though reflecting a 13.45% decline, primarily influenced by wash trading.

Meanwhile, the Solana network outperformed Ethereum in NFT sales volume regarding percentage growth from the previous day. In particular, Solana registered a 27.…

The post Arbitrum Sees 111% Surge in NFT Sales, Beating ETH, Solana appeared first on Coin Edition.

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