Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

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
ETH/USD
-
SOL/USD
-

  • 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.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.