Navigating NFT Seas: Ethereum's Resilience Amid Market Downturn

Despite a general dip in the market, Ethereum maintained its dominance in non-fungible token (NFT) sales for the third consecutive day, according to data from CryptoSlam. Ethereum's sales saw a notable decrease of 63% on Friday, dropping from Thursday's figure of US$32.81 million, which was bolstered by a single CryptoPunk NFT sale worth US$16.38 million. Following Ethereum, Bitcoin and Solana secured the second and third positions, with sales volumes of US$7.99 million and US$6.10 million, respectively, during the same period. Bitcoin witnessed a 23% decrease in sales volume, marking the first time its NFT sales fell below US$10 million for the week, while Solana experienced a 7.62% decline. The data underscores a market undergoing fluctuations amidst an overall downturn, with BNB Chain notably experiencing a 12% increase in sales to US$1.22 million on Friday, largely driven by its "lucky start" collection, which contributed US$668,236 to the total sales.