fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, October 4, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Ethereum Leads And Breaches $25 Billion Mark In All-Time NFT Sales

June 2, 2022
in Bitcoin
Reading Time: 3 mins read
A A
Ethereum Leads And Breaches $25 Billion Mark In All-Time NFT Sales
ShareShareShareShareShare

Related articles

Dates To Watch Post-Interlocutory Appeal Win

Dates To Watch Post-Interlocutory Appeal Win

October 4, 2023
Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

October 4, 2023

All eyes are on Ethereum as it eclipses other blockchains in the NFT space. At $25 billion, Ethereum is now dubbed the leading blockchain in terms of all-time sales volume. 

As of May 31, the crypto has reached $27.50 billion in total sales volume. Ethereum is the topmost blockchain for NFT transactions such as holding, buying, and selling NFT collectibles. 

Suggested Reading | South Korea To Pour $177 Million Into Metaverse Projects

Ethereum is now dubbed the leading blockchain in terms of all-time sales volume (The Daily Hodl). 

Ethereum HODLers Aggressive Despite Market Crash

The recent uptick in total sales volume is a breakthrough for Ethereum, considering that it has been bearish as it dipped below $2,000 this month with a poor market cap that’s under $250 billion. 

Hodlers have held more than half of the ETH in circulation for more than a year despite the bearish outlook. They started beefing up their ETH balances in January 2022, and their balance grew following every crash. 

Most HODLers accumulated ETH during price crashes as the coin continues to push through the pain below $1,800. ETH HODLers continue to buy and hold ETH despite the market turmoil because they are eyeing a long-term outlook on their accumulated ETH.

With this recent climax, Ethereum now trumps Solana, Polygon, Ronin, Flow, WAX, Waves, Avalanche, Panini, Palm, Binance Smart Chain (BSC), and Tezos, who are all locking horns to shoot for the top sales volume.  

Why NFT Projects Are Mostly On Ethereum

Ethereum also happens to be the proponent of NFTs and the leader of all blockchain networks. More NFT creators prefer the blockchain because their digital collection sells higher on the platform compared to other blockchains. 

The crypto is known for its high-end data architecture and tight security. It’s also considered the leader in the DeFi market, with most NFT projects running on the platform. 

Being the most prominent blockchain, ETH provides NFT projects with increased visibility in the NFT space. Three of the highly popular ETH-based NFT marketplaces are OpenSea, Rarible, and Nifty Gateway. 

ETH total market cap at $218.5 billion on the daily chart | Source: TradingView.com

Suggested Reading | Crypto Selloff Viewed By Investors ‘Opportunistically’ As BTC Seen Hitting $65K By 2023

A spike of 148% in the gush of unique buyers came in from August, which prompted its all-time high in new buyers in January 2022. The number of unique ETH buyers started to surge from August 2021, with total sales transactions totaling 772,859 and 139,944 unique buyers. 

Total sales volume is at $3.75 billion. For January this year, Ethereum had complete transactions shooting at 1.27 million and 347,186 unique buyers. 

May 2022 also enabled an all-time high for ETH in sales volume with over $3.98 billion. 

Featured image from ethereum.org, chart from TradingView.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Tech experts urge Federal Lawmakers to ‘resist’ crypto

Next Post

Crypto Custody Firm Qredo Adds Blockchain Analytics to FATF ‘Travel Rule’ Offering

Related Posts

Dates To Watch Post-Interlocutory Appeal Win

Dates To Watch Post-Interlocutory Appeal Win

October 4, 2023

The United States Securities and Exchange Commission (SEC) has been dealt another setback in its ongoing legal battle against Ripple...

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

October 4, 2023

Bitcoin price started a downside correction below $28,000. BTC is now testing the $27,200 support and might start a fresh...

Chainalysis Trims Workforce By 15% Amid Broader Crypto Job Market Fluctuations

Chainalysis Trims Workforce By 15% Amid Broader Crypto Job Market Fluctuations

October 3, 2023

Facing challenges in the crypto job market, blockchain data company Chainalysis has confirmed another wave of layoffs in a series...

FTX founder Sam Bankman-Fried’s trial day 1: Recap  

FTX founder Sam Bankman-Fried’s trial day 1: Recap  

October 3, 2023

Sam Bankman-Fried’s historic trial has started today in New York City, as the former FTX CEO is set to be...

425 Billion Tokens on the Move

425 Billion Tokens on the Move

October 3, 2023

Shiba Inu (SHIB) tokens worth a staggering $3.2 million have made their way onto Coinbase, according to recent data on...

Load More
Next Post
Crypto Custody Firm Qredo Adds Blockchain Analytics to FATF ‘Travel Rule’ Offering

Crypto Custody Firm Qredo Adds Blockchain Analytics to FATF ‘Travel Rule’ Offering

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset

XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset

October 3, 2023
Web3 is disrupting sports, entertainment, and culture in Asia

Web3 is disrupting sports, entertainment, and culture in Asia

October 1, 2023
Gary Gensler avoids questions about XRP lawsuit

Gary Gensler avoids questions about XRP lawsuit

September 27, 2023
Crypto exchange Coinbase obtains MPI license in Singapore

Crypto exchange Coinbase obtains MPI license in Singapore

October 2, 2023
Human Rights Foundation Donates $500,000 to 15 Bitcoin Projects

Human Rights Foundation Donates $500,000 to 15 Bitcoin Projects

September 27, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Dates To Watch Post-Interlocutory Appeal Win
  • Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O … – Cryptonews
  • SBF Trial: Day 1 concludes without a final jury selected
  • Sygnum Singapore Secures MPI License from MAS
  • Binance announces major changes to BUSD services amid … – Cryptopolitan
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,557.00-0.11%
  • ethereumEthereum(ETH)$1,647.54-0.98%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$212.67-1.27%
  • rippleXRP(XRP)$0.534.52%
  • usd-coinUSDC(USDC)$1.00-0.06%
  • staked-etherLido Staked Ether(STETH)$1,646.37-1.09%
  • solanaSolana(SOL)$23.63-2.74%
  • cardanoCardano(ADA)$0.257470-1.84%
  • dogecoinDogecoin(DOGE)$0.061185-1.32%
  • tronTRON(TRX)$0.0891671.56%
  • ToncoinToncoin(TON)$2.02-1.68%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.220.34%
  • matic-networkPolygon(MATIC)$0.594.05%
  • polkadotPolkadot(DOT)$4.05-2.17%
  • litecoinLitecoin(LTC)$64.53-2.49%
  • bitcoin-cashBitcoin Cash(BCH)$232.08-3.68%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,526.00-0.27%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.81%
  • chainlinkChainlink(LINK)$7.56-1.27%
  • daiDai(DAI)$1.000.09%
  • avalanche-2Avalanche(AVAX)$9.804.39%
  • leo-tokenLEO Token(LEO)$3.730.32%
  • true-usdTrueUSD(TUSD)$1.000.04%
  • uniswapUniswap(UNI)$4.34-3.65%
  • stellarStellar(XLM)$0.1133791.61%
  • moneroMonero(XMR)$148.631.60%
  • okbOKB(OKB)$43.19-0.04%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.07%
  • ethereum-classicEthereum Classic(ETC)$15.63-4.52%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.05-2.81%
  • hedera-hashgraphHedera(HBAR)$0.048712-3.46%
  • filecoinFilecoin(FIL)$3.32-0.91%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • lido-daoLido DAO(LDO)$1.600.86%
  • internet-computerInternet Computer(ICP)$3.171.12%
  • crypto-com-chainCronos(CRO)$0.050136-0.88%
  • MantleMantle(MNT)$0.406730-1.34%
  • quant-networkQuant(QNT)$88.20-0.77%
  • makerMaker(MKR)$1,424.19-2.40%
  • AptosAptos(APT)$5.30-2.23%
  • vechainVeChain(VET)$0.016647-3.20%
  • optimismOptimism(OP)$1.31-4.63%
  • ArbitrumArbitrum(ARB)$0.89-4.32%
  • nearNEAR Protocol(NEAR)$1.09-2.40%
  • KaspaKaspa(KAS)$0.050104-1.28%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%