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Ethereum Name Service Tops NFT Sales with $4.27 Million

by SB Crypto Guru News
June 11, 2024
in Blockchain
Reading Time: 2 mins read
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The Ethereum Name Service topped CryptoSlam’s non-fungible token market on Monday with over $4.27 million in sales. Although not classified as a typical NFT collection, ENS utilizes NFT technology to offer decentralized domain names on the Ethereum blockchain. This allows users to convert Ethereum addresses into human-readable formats, with each registered ENS domain corresponding to a unique NFT that can be transferred or sold.

Ranking second for the day were the $PIZZA BRC-20 NFTs on the Bitcoin blockchain, which generated $2.18 million in sales. This collection saw a decrease from its $7.12 million in sales on Sunday.

Guild of Guardians Avatars, hosted on the Immutable network, secured third place with $1.24 million in sales. Other notable collections included Blast’s Fantasy Top, which ranked fourth with $987,910, and Genesis Fanta Field on Solana, debuting in the top 10 with $635,539 in sales.

The DMarket collection on the Mythos network, featuring game-related NFTs, ranked sixth with $583,411. The Bored Ape Yacht Club from Yuga Labs, a leading NFT collection by all-time sales, placed seventh with $470,907. Polygon-based OKX NFT Creation followed in eighth place with $414,817 in sales.

Rounding out the top 10 were two more Polygon collections: Matr1x Fire Weapon and TTAvatars, each with approximately $350,000 in sales.

The Ethereum blockchain, led by ENS, recorded the highest daily sales among all blockchains with $8.45 million, up from $4.51 million the previous day. The Bitcoin blockchain saw a daily sales volume of $4.11 million, a significant drop from $11.03 million on June 9.

Solana recorded sales of $2.68 million, while the Polygon blockchain had a higher transaction volume, totaling $2.44 million in sales. Immutable reported sales of $1.56 million, and the Blast blockchain saw $988,646 in sales.

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