Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

by Louvenia Conroy

Ethereum closed Wednesday’s non-fungible token (NFT) sales because the end blockchain within the market, with US$6.87 million, CrptoSlam files reveals.

The platform witnessed a shrimp lower in total transactions to 14,840, when in comparison with 14,987 yesterday, yet it maintained a high stage of project with 4,229 queer investors and 3,304 queer sellers.

Ethereum closed its worst month-to-month NFT performance since October 2023.

In April, Ethereum recorded US$241 million in sales, which is better than half of of the US$489 million it had in March, in accordance with CryptoSlam files.

Bitcoin became Wednesday’s second-ranked plight for NFT sales. Its gap from Ethereum wasn’t mountainous, nonetheless, as Bitcoin recorded US$6.74 million in day-to-day sales.

Bitcoin had a better month than Ethereum in April with better than US$602 million in sales to manual the market, however down from US$625 million in March.

Bitcoin collection sales were boosted by its halving tournament on April 20, which coincided with the launch of Runes, a singular fungible token protocol for the enviornment’s first blockchain network.

Solana got here in third on Wednesday with US$2.54 million.

Solana additionally failed to attend from its March performance of US$249 million, losing to US$153.5 million in month-to-month sales.

Overall, NFT sales quantity in April dropped to US$1.15 billion from US$1.Fifty three billion in March. April had the lowest NFT sales in 2024 to this point however unexcited managed to file an elevate of around 56% three hundred and sixty five days-over-three hundred and sixty five days.

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