After recording consecutive declines over the past week, non-fungible token (nft) sales have once again gained momentum, posting impressive gains.
According data Provided by CryptoSlam, global nft sales volume increased by 28.1% in the last 24 hours and is currently around $38.2 million. The total number of nft transactions also increased by 26.2%, reaching 249,125.
However, nft laundering volume decreased by 15.2%, currently standing at $10.6 million, according to CryptoSlam.
bitcoin leads the scene with a 44% increase in its daily nft trading volume, hovering around $15.9 million at the time of writing. Data shows that bitcoin recorded $77,955 in wash trades over the last 24 hours.
ethereum follows bitcoin with daily nft sales volume of $10.9 million after recording a 32% rally.
In addition, Ordinals' sales amount almost doubled in the last 24 hours, reaching $4.47 million in a total of 2,157 transactions.
Sales of digital collectibles rise while leading nft marketplace Blur sees an 11% drop in trading volume. According to data from DappRadar, the total nft sales volume on Blur amounts to $14.14 million with an average price of around $2,930.
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According to DappRadar, the increase in global nft sales comes mainly from Magic Eden, OKX nft Marketplace and OpenSea with increases of 48.45%, 63.15% and 18.66% in the last 24 hours.
According to a report by crypto.news, nft Price Floor co-founder Nicolas Lallement believes that the nft ecosystem could potentially revive. He claims that the main reasons for the comeback could be the very low layer 2 transaction fees after the Dencun upgrade and the meme coin craze that started with the last bull run.
