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The global non-fungible token market has finally returned to a positive streak after suffering a short market downturn, which left daily trading sales falling below the $15 million level in the past several weeks. In the past 24 hours, the global NFT market has amassed a trading sales volume of +$19 million, up 23% from the previous day. Is the NFT market bull run reforming again?
Solana Rises +200% In Daily NFT Sales Volume
Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, indicates that the global non-fungible token market has surged in trading sales volume today. In the past 24 hours, the NFT market has raised a trading sales volume of $19.6 million. During this period, the Paradise NFT collection is the most-selling NFT in the NFT market, garnering a trading sales volume of over $3.9 million.
Ethereum, the blockchain network renowned in the NFT market for powering most of the blue-chip non-fungible token collections, is today’s most-traded blockchain network in the NFT market in February. In the past 24 hours, the Ethereum-based NFTs have recorded a trading sales volume of over $5.7 million. During this period, the Ethereum NFT trading sales volume plunged by 4.69% from the previous day.
Solana, a decentralized blockchain network renowned for hosting a variety of smart contracts for non-fungible token collections, is today’s second most-traded blockchain network in the NFT market. In the past 24 hours, the Solana-based NFT collections have recorded a trading sales volume of $5.1 million. During this time, the Solana NFT trading sales volume has increased by 217% from the previous month.
Paradise Tops In Daily NFT Sales Volume
Paradise, a non-fungible token collection featuring a limited edition of 8,888 NFTs hosted on the Ethereum blockchain network, is today’s most-selling NFT collection in the global NFT market. In the past 24 hours, the NFT collection has garnered over $3.9 million in trading sales volume. During this time, the Paradise NFT trading sales volume surged 541% from the previous day.
On the other hand, the Courtyard is today’s second most-selling NFT collection in the global NFT market. Courtyard is a non-fungible token collection featuring a limited set of 90,435 NFT trading cards hosted on the Polygon blockchain network. In the past 24 hours, the Courtyard has amassed a trading sales volume of $1.5 million. The NFT collection has pumped by 12% from the past day. The recent surge in NFTs suggests that NFTs might be gearing up for another bull run.
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