Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»NFT market falls more than 7%: Ethereum leads despite decline
BLOCKCHAIN NEWS

NFT market falls more than 7%: Ethereum leads despite decline

By Crypto FlexsJune 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
NFT market falls more than 7%: Ethereum leads despite decline
Share
Facebook Twitter LinkedIn Pinterest Email

The non-fungible token (NFT) market had another weak week, with overall sales down 7.5% over seven days, reaching $121.4 million on June 1.

Top Blockchains by Sales Volume

Over the past seven days, Ethereum (ETH) has maintained its top spot as the leading blockchain for NFT transactions, surpassing Bitcoin (BTC) last week.

According to data from CryptoSlam, blockchain maintained its lead with total revenue of $37.43 million, despite an 11.24% decline from the previous week.

Bitcoin, the second most active blockchain in non-fungible token sales, fell 12.88% to $27.21 million.

Solana-based NFTs generated just over $19 million in revenue, down slightly by 0.52%.

Interestingly, Polygon (MATIC) stood out, with sales up 27.10% over the previous week, totaling approximately $15.6 million. Immutable

Blockchain ranking according to 7-day NFT sales | Source: CryptoSlam

monthly sales volume

The top 5 sales rankings over the 30-day period were nearly identical to the weekly rankings, with only Blast displacing Immutable at number 5. Ethereum recorded $163.7 million in revenue throughout May, which was 55% lower than the blockchain’s April numbers.

Bitcoin fell 73.44% in monthly sales, reaching $158.5 million. This despite having at least two weeks of peak sales in May.

Solana (SOL) earned just over $94 million in 30 days, down 45.8% from April levels. And despite a sluggish past two weeks, Polygon’s May NFT sales fell 34.60%.

However, Blast broke the negative trend with a remarkable 519.17% increase in sales over the past 30 days. The layer 2 chain ended the month with over $49 million worth of NFTs traded in the period.

Interestingly, Blast recorded the highest increase in terms of monthly wash trading figures, reaching over $1.2 million, a whopping 931.23% increase from April.

NFT market falls more than 7%: Ethereum leads, Polygon surges 27% - 2
Blockchain ranking according to 30-day NFT sales volume | Source: CryptoSlam

Most Expensive NFT

As for individual pieces, Azuki #3374 on the Ethereum blockchain sold for a hefty $393,112. This is the highest priced crypto token this week.

Afterwards, notable sales took place on the Bitcoin blockchain, with Ordinal inscription reaching $305,258. Solana also appeared as Boogle #061, selling for $206,936.

Throughout the month, CryptoPunks #741 was the most expensive NFT, earning $792,046 on May 13. Another Bitcoin Ordinal inscription took second place after changing hands for $681,497.

CryptoPunks #3619, which sold for 215 ETH (equivalent to $627,990) on malcode-vault.eth, was the third most expensive NFT in May. They were followed by Azuki $3374 and another CryptoPunk, #4926, with $329,252 in profit.

NFT Collection Ranking

Among this week’s top NFT collections, Uncategorized Ordinals took the lead with sales of $7,810,518, despite a 15.31% decline from the previous week. Immutable

Other notable collections included DMarket in third place, Nodemonkes in fourth place, and Bored Ape Yacht Club (BAYC) rounding out the top five.

NFT market plunges by more than 7%: Ethereum leads, Polygon shines with a 27% surge - 3
NFT collection ranking by 7-day sales volume | Source: CryptoSlam

Throughout the month, Bitcoin’s Uncategorized Ordinals collection maintained its top spot with sales of more than $48.6 million. However, based on monthly sales volume, it was found to have decreased by 70.13%.

The second most traded NFT collection in May was Blast’s Fantasy Top, which surged 674.89% in sales over the period to over $46 million.

Another NFT collection that saw an increase in monthly sales was Guild of Guardians, which rose nearly 67% to #5.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025
Add A Comment

Comments are closed.

Recent Posts

Encryption Inheritance: Industrial Round Up -January 20125

July 15, 2025

$TAC Token Debuts In TVL As TAC Mainnet Goes Live With Leading DeFi Protocols

July 15, 2025

MultiBank Group Announces 7 Million $MBG Tokens Sold Out In Under One Hour During Initial Pre-Sale

July 15, 2025

Allnodes Among First To Launch Bare Metal Servers Powered By AMD Threadripper 9000 Series

July 15, 2025

Global Cryptocurrency Investors Flock To DNSBTC After Bitcoin Surges

July 15, 2025

The BTC price is withdrawn at almost $ 123K height. XRP approaches the highest resistance ever at $ 3.00.

July 15, 2025

Easily Invest In DL Mining Cloud Mining And Earn $6,000 In Passive Income Every Day

July 15, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

HeraldEX Defines The Future With Its One-Stop Crypto Platform For Businesses

July 14, 2025

BSGM Engages CXG To Acquire FINRA/SEC-Registered Broker-Dealer To Expand Publicly Traded RWA Tokenization Operations

July 14, 2025

Tornado cash Roman storms insist on Doj Botched Key Telegram evidence.

July 14, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Encryption Inheritance: Industrial Round Up -January 20125

July 15, 2025

$TAC Token Debuts In TVL As TAC Mainnet Goes Live With Leading DeFi Protocols

July 15, 2025

MultiBank Group Announces 7 Million $MBG Tokens Sold Out In Under One Hour During Initial Pre-Sale

July 15, 2025
Most Popular

Bitcoin Crash Below $66,000 Shocks Markets, Why A Drop To $54,930 Is Possible

June 20, 2024

Vaneck file for AVAX ETF

March 15, 2025

Could Ethereum price repeat the pattern and start a new surge towards $3,200?

May 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.