Ethereum

Blur

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-sees-remarkable-growth-in-nft-market-activity" rel="noopener noreferrer nofollow">Ethereum Sees Remarkable Growth in NFT Market Activity</a><br></p>
<p style="text-align: justify">Recent data from CryptoSlam has unveiled a significant rise in sales volume of Non-Fungible Tokens (NFTs) on the <a href="https://en.bitcoinhaber.net/ethereum-surges-past-significant-price-barrier" rel="noopener noreferrer nofollow">Ethereum</a> network, reaching a peak unseen in the previous ten months. The platform registered over $430 million in transactions within a span of 23 days, marking a 22% jump from January’s $355 million. This upward trend in NFT sales is a notable development in the network’s performance.</p>
<h2 id="ethereum-s-nft-sales-scale-new-heights">Ethereum’s NFT Sales Scale New Heights</h2>
<p style="text-align: justify">The Ethereum network’s surge in sales is backed by 677,456 transactions facilitated by nearly 98,000 sellers and over 118,000 buyers. Despite the increase in sales, the total number of transactions observed a decline by 27% compared to January. However, the sales volume for the remaining five days of February is expected to extend the lead over the previous month significantly.</p>
<h2 id="blur-outperforms-other-marketplaces">Blur Outperforms Other Marketplaces</h2>
<p style="text-align: justify">In the competitive landscape of NFT marketplaces, Blur has emerged as the frontrunner with the highest trade activity in the last month. Although the platform experienced a 21% decline in trade volume, garnering $601 million, it saw a rise in the number of transactions and traders by 6% and 14%, respectively. OpenSea, once a dominant player, reported only a modest 5% bump in trade volume, trailing behind Blur by a considerable margin.</p>
<p style="text-align: justify">The NFT market dynamics are unfolding alongside Ethereum’s price movements, with ETH hovering around the $3000 mark and a market capitalization surpassing $350 billion. Despite this progress, the network’s 24-hour trading volume has dipped by 16%, posing concerns for investors over the $10.8 billion figure.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-sees-remarkable-growth-in-nft-market-activity" rel="noopener noreferrer nofollow">Ethereum Sees Remarkable Growth in NFT Market Activity</a></h5>

Ethereum Sees Remarkable Growth in NFT Market Activity

Table of Contents

BH NEWS

Other articles published on Feb 25, 2024

Starknet’s Latest Upgrade Unveils StarkGate 2.0 on Mainnet

Attorney Scott Johnsson Explains Ethereum Spot ETF Approval Theories, Gives Two Different Dates

Star Wars: Battlefront Classic Collection Set to Wow Fans on Nintendo Switch

Bitcoin, Ethereum, and XRP Price Prediction: Will The Top Coins Rally This Week?

Unlocking Deep Learning Potential – Experts Revolutionize Perception Tasks

KYC In Crypto: Everything You Need To Know

Join our free newsletter for daily crypto updates!