Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Cumulative NFT Sales Among 18 Blockchain Networks Surpasses $36 Billion

Statistics recorded this week present that the combination variety of non-fungible token (NFT) gross sales, settled throughout greater than a dozen completely different blockchains, has formally surpassed $36 billion. While there are 18 competing blockchains providing NFTs, Ethereum-based NFT gross sales dominate by greater than 75%. While 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 $4 billion in world gross sales to this point.

$36 Billion in All-Time NFT Sales, Ethereum Dominates Sales by More 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 to this point.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

The $36 billion in gross sales recorded on cryptoslam.io’s NFT dashboard stems from 18 completely different blockchains like Ethereum, Ronin, Solana, Avalanche, Wax, Polygon, and Flow to call a number of. Ethereum’s $27 billion in NFT gross sales, nevertheless, represents 75.02% of the overall variety of gross sales throughout all of the chains.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

The prime blockchains by way of all-time NFT gross sales moreover Ethereum embody Ronin ($4B), Solana ($2.2B), Flow ($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 under 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 one million distinctive NFT consumers.

Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion

Out of the $36 billion in NFT gross sales, the highest NFT assortment by way of all-time gross sales is Axie Infinity, which has seen greater than $4 billion in gross sales. The second-largest assortment by way of gross sales is Cryptopunks, which has seen $2.24 billion in gross sales.

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

Most Expensive NFTs Stem from Veefriends, BAYC, Cryptopunks, Cyberkong — Opensea Still Commands the Most Amount of Sales by an NFT Marketplace

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

Five of the most costly NFTs bought out of the highest ten are BAYC NFTs and two are Cryptopunks. Other collections in the most costly NFT prime ten record included Meebits 10,761 and Cyberkong VX 8252.

Out of all of the NFTs bought, most are bought on the NFT market Opensea with the market Looksrare following the platform’s lead. Other notable NFT marketplaces embody Magic Eden, Flow’s NBA Top Shot market, Mobox, Solanart, Wax’s Atomicmarket, Bloctobay, and Rarible.

While billions of {dollars} price of NFTs have been bought throughout the previous couple of weeks, NFT gross sales have been dropping considerably. Weekly NFT trade volumes are down and weekly NFT gross sales have additionally floundered through the previous few weeks. If the crypto financial system is actually in a bear market cycle it is going to be fascinating to see how the NFT business handles the downturn.

What do you consider the 18 blockchains recording $36 billion in all-time NFT gross sales? Let us know what you consider this topic within the feedback part under.

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