With a 12.06% increase to US$12.47 million, Ethereum has once again been the leading blockchain in terms of non-fungible token (NFT) sales during the last 24 hours, according to data from CryptoSlam.
On Wednesday, wash sales—which are usually fraudulent transactions meant to artificially boost volume—slightly decreased on the blockchain, decreasing by 5.29%.
Because of its success, Ethereum's total sales volume has surpassed all others and is currently at an impressive $43.2 billion, setting a new record in the market.
With $10.9 million, Bitcoin ranked second in the sector for NFT sales, moving up from first place every day until Wednesday. The network achieved a new milestone thanks to Bitcoin's performance; it was the fourth blockchain to ever sell for more than $2.9 billion.
After a 17.38% decline, Solana's revenues reached $7.67 million, placing it in third place. The network saw a 40.79 percent increase in wash sales.
In addition to NFT market activity, other blockchains like Polygon and BNB also showed signs of activity. Wednesday saw sales of at least $1 million on both networks, making them two of just five blockchains to do so.
On the other hand, the most significant shifts in sales during the last day occurred on lower-tier networks, such as Flow and Ronin.
Ronin's sales increased by a remarkable 280.87%, albeit from a lower base, to US$243,621, while Flow's sales increased by a whopping 90.72%, reaching over $497,324.
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