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Category: News, NFT News

NFTs Are Retesting Positive Trend Again

By Published On: May 31, 20244.1 min readViews: 2030 Comments on NFTs Are Retesting Positive Trend Again
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The non-fungible token market has recorded some positive gains today, defying its recent bear market trend that has lasted for a couple of weeks. This is the first time for the global non-fungible token market to record positive gains since the beginning of this month. Could NFTs be preparing for another market rally?

NFT Sales Jump 20% Today

Data compiled by cryptoslam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, indicates that the non-fungible token market has recorded positive gains today. In the past 24 hours, the global NFT market has recorded a sales volume of $19 million, representing a 20% rise from the previous day.

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On the other hand, the number of investors buying non-fungible token collections has increased by 19% today. In the past 24 hours, the global NFT market has seen more than 80,000 collectors buying NFTs, pushing the number of NFT transactions to nearly 250,000.

Bitcoin, the blockchain network powering the flagship crypto Bitcoin and renowned in the NFT market for powering Ordinals and BRC-20 non-fungible token collections, is today’s most-traded blockchain network in the NFT ecosystem. In the past 24 hours, the Bitcoin-based NFT collections have recorded a sales volume of $5.6 million, representing a 13% rise from the past day. NFT sales by chains 24hrs

Ethereum, the blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is following Bitcoin closely today, emerging as the second most traded NFT blockchain. In the past 24 hours, Ethereum-based NFT collections have raised a trading sales volume of $5.4 million, representing a 39% surge from the previous day.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, is today’s third most-traded NFT blockchain. In the past 24 hours, the Solana-based NFT collections have amassed a trading sales volume of $3.1 million, representing a 24.43 % surge from the past day.

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Polygon, an Ethereum scaling solution, and Immutable, an Ethereum Layer Two blockchain net, are today’s fourth and fifth most-traded NFT blockchains. In the past 24 hours, the Polygon-based NFT collections have amassed a trading sale volume of $2.6 million, while Immutable X–based NFTs have recorded a trading sales volume of $1.05 million.

Five Top Selling NFTs Today

5 top-selling NFTs 24hrs

Source: cryptoslam.io, top selling NFTs in the past 24 hours

1. Bitcoin Uncategorized NFTs

Bitcoin Uncategorized, a non-fungible token collection containing assorted digital collectibles created on the blockchain that have not yet been identified as part of an established NFT collection, is today’s most-selling NFT collection. In the past 24 hours, the Uncategorized NFT collections have recorded a trading sales volume of $2.3 million, representing a 10% surge from the past day.

2. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token collection featuring a limited edition of 10,000 NFTs created on the Bitcoin blockchain network using the ordinal protocol, is today’s second most-selling NFT collection. In the past 24 hours, the NodeMonkes NFT collection has recorded a trading sales volume of $765,207. Nonetheless, NodeMonkes NFT sales volume has plunged 17% from the past day.

3. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on Mythos Chain, is today’s third most-selling NFT collection. In the past 24 hours, the DMarket NFT collection has recorded a trading sales volume of $757,556. DMarket NFT sales have surged 13.22 % from the past day.

4. Guild Of Guardian NFT Collection

Guild of Guardian, a non-fungible token collection from Guild of Guardians, a mobile NFT RPG where players take teams of heroes through challenging dungeons to collect resources, is today’s fourth most-selling NFT collection. In the past 24 hours, the Guild of Guardian NFT collection has amassed a trading sales volume of $669,747.

5. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that features a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the Bored Ape Yacht Club has recorded a trading sales volume of $567,631, closing our five top-selling NFT lists. The Bored Ape Yacht Club NFT trading sales volume has surged 75% from the past day.

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