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Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

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Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Statistics recorded this week present that the mixture variety of non-fungible token (NFT) gross sales, settled throughout greater than a dozen totally different blockchains, has formally surpassed $36 billion. Whereas there are 18 competing blockchains providing NFTs, Ethereum-based NFT gross sales dominate by greater than 75%. Whereas Ronin instructions the second-largest quantity of NFT gross sales, NFTs from the sport Axie Infinity have been the top-selling assortment for fairly a while, with greater than $four billion in international gross sales up to now.

$36 Billion in All-Time NFT Gross sales, Ethereum Dominates Gross sales by Extra Than 75%

The world of blockchain-based digital collectibles has been a pressure to reckon with because the NFT ecosystem has turn out to be a multi-billion-dollar business. This week’s metrics point out that all-time NFT gross sales have surpassed $36 billion up to now.

The $36 billion in gross sales recorded on cryptoslam.io’s NFT dashboard stems from 18 totally different blockchains like Ethereum, Ronin, Solana, Avalanche, Wax, Polygon, and Move to call just a few. Ethereum’s $27 billion in NFT gross sales, nonetheless, represents 75.02% of the entire variety of gross sales throughout all of the chains.

The highest blockchains in phrases of all-time NFT gross sales apart from Ethereum embrace Ronin ($4B), Solana ($2.2B), Move ($1B), Polygon ($591M), Wax ($430M), Avalanche ($277M), Immutablex ($98.7M), Palm ($50.5M), and Tezos ($40.4M). All-time NFT gross sales from the highest 9 blockchains add as much as roughly 24.61% of the non-Ethereum-based NFT gross sales.

The remaining 9 blockchains beneath Tezo’s place solely characterize 0.37% of the $36 billion in all-time NFT gross sales quantity. Ethereum’s 1,300,118 NFT consumers and Ronin’s 1,742,207 NFT consumers are the one two chains with greater than 1,000,000 distinctive NFT consumers.

Out of the $36 billion in NFT gross sales, the highest NFT assortment in phrases of all-time gross sales is Axie Infinity, which has seen greater than $four billion in gross sales. The second-largest assortment in phrases of gross sales is Cryptopunks, which has seen $2.24 billion in gross sales.

Cryptopunks is adopted by Bored Ape Yacht Membership (BAYC) which has recorded $2.12 billion in all-time gross sales. BAYC is adopted by Mutant Ape Yacht Membership ($1.52M), Artblocks ($1.25M), NBA Prime Shot ($1M), Otherdeeds ($906Ok), Azuki ($756Ok), Clonex ($671Ok), and Veefriends ($538Ok).

Most Costly NFTs Stem from Veefriends, BAYC, Cryptopunks, Cyberkong — Opensea Nonetheless Instructions the Most Quantity of Gross sales by an NFT Market

All-time gross sales metrics from cryptoslam.io’s dashboard point out that the costliest NFT offered is Veefriends’ “Considerate Three Horned Harpik,” which offered for 100,000 ether or $316 million. The Veefriends NFT is adopted by Cryptopunk 5822 which offered for 8,000 ether or $23.7 million.

5 of the costliest NFTs offered out of the highest ten are BAYC NFTs and two are Cryptopunks. Different collections in the costliest NFT prime ten record included Meebits 10,761 and Cyberkong VX 8252.

Out of all of the NFTs offered, most are bought on the NFT market Opensea with the market Looksrare following the platform’s lead. Different notable NFT marketplaces embrace Magic Eden, Move’s NBA Prime Shot market, Mobox, Solanart, Wax’s Atomicmarket, Bloctobay, and Rarible.

Whereas billions of {dollars} price of NFTs have been offered throughout the previous few weeks, NFT gross sales have been dropping considerably. Weekly NFT commerce volumes are down and weekly NFT gross sales have additionally floundered through the previous few weeks. If the crypto economic system is really in a bear market cycle it will likely be fascinating to see how the NFT business handles the downturn.

What do you concentrate on the 18 blockchains recording $36 billion in all-time NFT gross sales? Tell us what you concentrate on this topic in the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising right this moment.

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