In the past 24 hours, Ethereum has surged back to the forefront of the non-fungible token (NFT) market, reclaiming its position as the leading blockchain with a remarkable 12.06% increase in sales, totaling $12.47 million, according to data from CryptoSlam.
Despite experiencing a minor 5.29% decrease in wash sales—a type of transaction often used to artificially boost volume—Ethereum’s performance has significantly contributed to its record-breaking total sales volume, which now stands at an impressive $43.27 billion.
Bitcoin, which had been leading in NFT sales until Wednesday of this week, secured the second position with $10.9 million in sales, marking another notable milestone as it became the fourth blockchain to surpass $2.9 billion in all-time sales.
Solana occupied the third spot with sales amounting to $7.67 million, despite experiencing a 17.38% decline. However, the network witnessed a considerable surge of 40.79% in wash sales.
Additionally, other blockchains like BNB and Polygon demonstrated significant activity in the NFT market, with both networks being among the only five blockchains to record sales exceeding $1 million on Wednesday.
On the lower end of the spectrum, Flow and Ronin experienced remarkable changes in sales over the past 24 hours. Flow’s sales soared by 90.72%, reaching nearly $497,324, while Ronin witnessed an impressive 280.87% surge in sales, albeit from a lower starting point, amounting to $243,621.