Coinspeaker
NFT Sales on Rise with Bitcoin Dominating This Space

After going through a rough patch in recent weeks, non-fungible tokens (NFTs) are once again gaining momentum amid increased demand. As per the latest data from CryptoSlam, the global NFT sales volume has shot up by 28.1% in the last 24 hours while reaching over $38.2 million. As a result of this, the total number of NFT transactions have surged by 26.2%, totaling 249,125. However, despite these encouraging trends, the NFT wash volume tanked by 15.2% and is currently placed at $10.6 million, as per the CryptoSlam data. Amid all NFT hosting platforms, Bitcoin is leading with a staggering 44% surge in daily NFT trading volume.

Currently, the daily NFT trading volume on Bitcoin has reached close to $16 million. On the other hand, the Bitcoin blockchain also recorded $77,955 in wash trades during the same period. Additionally, Ordinals sales have contributed significantly nearly doubling within the past 24 hours, reaching $4.47 million across 2,157 transactions.

Ethereum follows suit with a daily NFT sales volume of $10.9 million, marking a 32% increase from previous levels. The broader digital collectibles market is experiencing a surge in sales despite the promin...