Polygon’s NFT sales exceed those of Bitcoin (BTC) and Solana (SOL) as the non-fungible token (NFT) market gains momentum.
According to CryptoSlam, total NFT sales have increased 27% in the last 24 hours to $18.21 million. The increase comes as the total number of transactions has decreased 7% to currently stand at 351,319.
This move could indicate increased whale activity in the NFT sector.
Moreover, Ethereum (ETH) has been leading the NFT scene since late May. According to CryptoSlam, NFT sales have increased by 24% in the last 24 hours and are currently hovering around $5.1 million.
Polygon has once again surpassed Bitcoin and Solana, seeing a 173% increase in NFT trading volume. The data shows that Polygon’s NFT sales have surpassed the $4 million mark for the third time this year — the first time in January and the second time on July 3.
Solana took the top spot with $3.9 million in NFT sales, recording a 50% increase in the last 24 hours. Notably, Solana is the only blockchain on this list with an increase in buyers, which grew by 62% and currently stands at 20,946 unique buyers.
NFT sales on the Bitcoin network have grown just 11% in the last 24 hours, to $2.7 million, according to CryptoSlam. Bitcoin currently has the smallest wash trading volume of the top four blockchains, at just about $23,000.
Notably, monthly NFT sales have been steadily declining since March of this year, from $1.6 billion on March 1 to $127 million on July 1.
