After a brief scare,Ethereum [ETH]has reclaimed its position as the top blockchain fornon-fungible token (NFT)trading activity.
According to AMBCrypto’s analysis ofCryptoSlam’sdata, the Ethereum network recorded sales worth $19.8 million in the last 24 hours, more than twice that of second-rankedSolana [SOL].
Moreover, Ethereum was the top blockchain over the last week as well, with more than a $100 million in sales of NFTs.
AMBCrypto noticed that the gap between Ethereum andBitcoin [BTC]started to widen again following the latter’sstupendous performancelate last year.
Driven by surge in demand for Ordinals, Bitcoin-based NFTs topped the charts in December, pushing traditional powerhouse Ethereum to the second rank on the list.
As per CryptoSlam, CryptoPunks was the top-selling NFT collection in the last 24 hours, recording over $4.7 million in sales.
In fact, the largest collection by market cap saw its floor price hitting a nine-month high of 59.95 ETH as of this writing, AMBCrypto spotted using NFT Price Floor data.
In the world of NFTs, floor price is considered as an important barometer of a collection’s popularity. Therefore, high floor price might signal that interest in that project is increasing.
Source: NFT Price Floor
The other prominent Yuga Labs-owned entity BAYC stood at the sixth position, with $1.19 million in trading volume.
BAYC also registered a 24-hour change of 1.84% in its floor price, seen at 24.849 ETH as of this writing.
However, if one were to analyze the past week’s statistics,Pudgy PenguinsNFT collection seemed to have done the heavy-lifting.
The collection of unique 8,888 cartoon NFTs featuring adorable penguins recorded $9.1 million in cumulative sales in the last seven days, marking a 6x jump.