In the absence of CryptoSlam reports that the Bitcoin Ordinals collection came out on top as the most successful non-fungible token collection on Wednesday. The collection had a 24-hour sales volume of more than $3.42 million, despite experiencing a loss of 34%.
When referring to digital assets on the Bitcoin blockchain, the term "Understanding Ordinals" is used to describe those that are not officially part of a collection. There were a total of 5,955 transactions across the various digital assets that are based on Bitcoin, which represents a 12% rise in the number of transactions.
The Bitcoin collections lead the non-fungible token (NFT) market despite the fact that sales of Bored Ape Yacht Club (BAYC), a blue-chip collection of 10,000 unique assets owned by Yuga Labs, increased by 68% in the past twenty-four hours to reach US$1.7 million.
When it came to sales for collections, the Ethereum-based BAYC lead the market for NFTs. As another Ethereum heavyweight under Yuga Labs, CryptoPunks saw its sales plummet by 33.74%, reaching a total of $765,031 in the United States.
The Pudgy Penguins collection, which is yet another Ethereum-based collection, experienced the most dramatic sales gain of the day among the top 10 sellers, with a 434.94% increase that brought the total to $952,798 in United States dollars.
With sales of approximately $1.81 million in the United States, Mad Lads came in third place on Solana. This is a tiny increase of 1.40 percent, while the number of transactions increased by 20 percent.
Both Froganas, which is owned by Solana, and Milady Maker, which is owned by Ethereum, have recorded increases in sales of 128.98% and 104.91%, respectively. Froganas has had a significant increase in transactions of 74.60%.
ImmutableX's Gods Unchained Cards rounded out the top ten with a little reduction in transactions and a 44 percent increase in sales, bringing the total to $645,727% in United States currency.
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