The NFT sector continues to grow as blockchains make record profits with non-fungible tokens (NFTs). According to data shared by Phoenix, a prominent crypto analytics platform, Ethereum, Bitcoin and Solana have emerged as the top blockchains based on their sales of NFTs during this week.
TOP BLOCKCHAINS BY WEEKLY #NFT SALES VOLUME
#Ethereum #Bitcoin #Solana #Mythos #Immutable #Base #Polygon #BNBChain #Blast #Flow #Panini #Cardano pic.twitter.com/MYB79wsFfx– PHOENIX – Crypto News & Analysis (@pnxgrp) January 24, 2025
The other top chains in this regard are Mythos, Immutable, Base, Polygon, BNB Chain, Blast, Flow, Panini and Cardano. The remarkable volumes of their NFT sales mean a significant increase in investor interest in non-fungible tokens. Moreover, it could also indicate an upcoming big move in the NFT sector.
Ethereum leads the top blockchains and leads the weekly NFT sales increase
Phoenix Group’s list of prominent blockchains with maximum sales of NFTs during the week takes into account Ethereum as the top name. The blockchain witnessed a staggering turnover of $116,342,235 across 122,658 transfers. On the other hand, these sales were executed by 43,850 sellers and received by 47,323 buyers.
The second known chain with huge NFT sales is Bitcoin, which saw $25,620,060 across 55,399 transfers. Specifically, these sales accounted for 36,023 sellers and 33,269 buyers. Solana is the third player on the list with NFT sales totaling $17,923,628 through 161,431 transfers. These transactions involved a total of 146,172 buyers and 113,117 sellers.
The 4th position is achieved by Mythos, which registered 574,716 transfers, resulting in a turnover of almost $13,006,097. Immutable ranks 5th with $6,935,493 in sales across 10,082 transfers. Subsequently, 108,314 NFT transactions took place on Base, generating a maximum turnover of $6,815,450.
Flow reaches 10th position with total volume of $1,285,782 in weekly NFT sales
According to data provided by Phoenix Group, Polygon’s NFT sales this week amounted to $3,329,367 across 108,025 transfers. BNB Chain’s weekly NFT sales added $1,646,313, accounting for nearly 6,806 transactions.
Additionally, Blast received $1,374,720 in NFT sales in 24,270 transactions. After that, Flow occupied 10th place with NFT sales of $1,285,782 in approximately 88,975 transactions.
