Dump 500 NFT Index Slides, Polygon NFT Sales Jump 250%

by James · March 9, 2023

The discard 500 NFT index fell in trading in Asia on Friday morning to a near two-month low, with sales on the Ethereum and Solana blockchains, the two largest for non-fungible tokens, falling back. Polygon, the third largest, saw a sales increase. The index fell 1.12% to 4,187.01 in the 24 hours to 09:00 in Hong Kong. The index of Forkast.news data partner CryptoSlam is a measure of the performance of the global NFT market based on 500 qualified smart contracts.

See related article: Most of the NFT industry works with recycled liquidity, says Forkast Labs’ co-founder

Fast facts

Global NFT sales fell 1.58% to $27.3 million, while the number of unique buyers rose 9.75% to 80,017, according to data from CryptoSlam.
Sales on Ethereum, the leading blockchain network for NFTs, fell 46.71% to USD 21.1 million in the last 24 hours, but the total number of on-chain transactions increased by 5% to 104,849. Dump ETH The NFT Composite – which measures the performance of the Ethereum NFT market through 250 smart contracts – was down 1.36% at 1,395.69.
Solana, the second largest NFT blockchain, experienced a 33.7% decrease in sales to $2.59 million. Discard SOL NFT Composite – which measures the performance of the Solana NFT market through 100 smart contracts – lost 2% to 1,160.70
NFT sales on the third largest Polygon network increased by 246.45% to USD 2.56 million. .
Sales by NFT type were led by Coinllectibles, the art and auction-focused NFT project at Polygon, with over USD 2 million from 25 transactions in the last 24 hours.
Ethereum-based Otherdeed NFT sales surged 131% in the last 24 hours to $1.57 million, recording the second highest volume with 288 transactions and 451 unique buyers. Otherdeed NFTs represent virtual plots of land within the Otherside metaverse.
The Bored Ape Yacht Club (BAYC) NFT collection placed third in sales, rising 104% to US$1.4 million in the 24 hours to Friday morning in Asia. It had 13 transactions and 35 unique buyers.
Garden Point Issue 1, the Ethereum-based NFT collection from Web3 comics publishing platform Kometh, was the most traded collection on the last day with 19,912 transactions worth $338,781 and including 6,289 unique buyers. “Garden Point” is the latest webcomic published on Kometh, with NFT holders getting exclusive access to its content, according to the platform’s website.