{"id":2229,"date":"2024-06-23T16:02:08","date_gmt":"2024-06-23T16:02:08","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/23\/nft-sales-decline-by-12-as-ethereum-dominates-while-polygon-experiences-a-surge\/"},"modified":"2024-06-23T16:02:08","modified_gmt":"2024-06-23T16:02:08","slug":"nft-sales-decline-by-12-as-ethereum-dominates-while-polygon-experiences-a-surge","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/23\/nft-sales-decline-by-12-as-ethereum-dominates-while-polygon-experiences-a-surge\/","title":{"rendered":"NFT sales decline by 12% as Ethereum dominates while Polygon experiences a surge."},"content":{"rendered":"<p>The previous week saw a significant 16% decrease in sales volume. Ethereum experienced a notable surge in wash trading, with a nearly 9.5% increase in activity, resulting in $37.69 million earned.<\/p>\n<p>Wash trading on Ethereum&#8217;s platform has continued to rise, and during the prior week, Polygon saw a 37.58% increase in wash trading, which further grew by 46% to $14.9 million this past week. Although wash trading on Zora and Panini went up by more than 50% and 22% respectively, the sales volume of CryptoPunks jumped by a massive 155%, making it the top-selling NFT collection of the week with $5.26 million in earnings.<\/p>\n<p>DMarket, despite a 9.21% decrease in sales, still managed to earn north of $4 million, representing a 73.66% growth over the previous week. Ethereum&#8217;s Pudgy Penguins and Solana\u2019s DogeZuki Collection performed well, earning $3.69 million and $2.43 million, respectively.<\/p>\n<p>However, the latter&#8217;s performance was overshadowed by the previous week&#8217;s winner selling for $587,194, compared to its $204,066 price tag. Fan token sales surged drastically due to two major international soccer tournaments taking place in Europe and the Americas.<\/p>\n<p>The Galatasaray (GAL) fan token recorded the highest sales volume, jumping a remarkable 70,149% to $280.5 million, and the token&#8217;s price saw a 2,542% increase, currently priced at $2.87 per unit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The previous week saw a significant 16% decrease in sales volume. Ethereum experienced a notable surge in wash trading, with a nearly 9.5% increase in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[690],"tags":[],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-and-nft-sales"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2228"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}