Ethereum NFT Sales Jump 33% Today

The non-fungible token market, which has been in a state of uncertainty for the past several weeks, has recorded positive growth today after Vaneck listed its SPOT Ethereum ETF on the DTCC.

The non-fungible token market, which has been experiencing uncertainty over the last few weeks, has shown positive growth today following the listing of Vaneck’s SPOT Ethereum ETF on the DTCC. The market listing suggests that the approval of Ethereum (ETH) is just around the corner.

Ethereum NFT Sales Increase by 33% Today

Data collected by Cryptoslam.io, an on-chain crypto market aggregator and multi-chain non-fungible token explorer, shows that the global non-fungible token market has experienced a sharp increase in sales today, coinciding with the crypto market hype. In the last 24 hours, the global NFT market has recorded a trading sales volume of $22 million, up 25% from the previous day.

During this period, Ethereum, the blockchain network that powers the majority of blue-chip NFTs, emerged as the top-traded NFT blockchain, with Ethereum-based NFT sales surging by 33%. In the last 24 hours, the trading sales volume of the Ethereum-based NFT collection reached $8.6 million.

This significant market rally in the NFT market comes shortly after the first Ethereum ETF, ‘VanEck Spot Ethereum ETF,’ was listed on the DTCC stock market under the ticker ETHV. An Ethereum ETF is a financial product that tracks the price of Ethereum, allowing investors to buy and sell shares on traditional stock exchanges.

VanEck SPOT ETHEREUM ETF (ETHV) is now on the DTCC website.

Let the next crypto tally begin. pic.twitter.com/eNP5IIJY5Y

— Digital Asset News (@NewsAsset) May 21, 2024

It’s important to note that the crypto and non-fungible token markets are closely linked, with the mother-child relationship analogy often used to describe their dynamics. Below, we have listed five of the top-selling NFT collections today.

Five Top-Selling NFT Collections Today

Source: cryptoslam.io, Top selling NFT collections in the past 24 hours

1. Milady Maker

Milady Maker, an NFT collection by digital asset firm Remilia that features a limited edition of 10,000 NFT collections on the Ethereum network, emerged as today’s top-selling NFT collection. In the last 24 hours, the Milady Maker NFT collection recorded a trading sales volume of $1.07 million, marking a 274% increase from the previous day.

2. CryptoPunks

CryptoPunks, an NFT collection owned by Yuga Labs and featuring a limited edition of 10,000 pixilated NFTs on the Ethereum network, ranked second among the most-traded NFT collections this week. In the last 24 hours, the CryptoPunks NFT collection generated a trading sales volume of $737,526, up 15.91% from the previous day.

3. The Captainz

The Captainz, a collection of 9,999 utility-enabled profile pictures from Memeland Web3 Studio that feature rarity-powered traits inspired by pirates, internet memes, and pop culture, ranked third among today’s best-selling NFT collections. In the last 24 hours, The Captainz generated a sales volume of $608,237, up 161% from the previous day.

4. Redacted Remilia Babies

Redacted Remilia Babies, an NFT collection by digital asset firm Remilia that features a fixed set of 10,000 neochibi PFP NFTs on the Ethereum blockchain network, ranked fourth among today’s best-selling NFT collections. In the last 24 hours, the Redacted Remilia Babies NFT collection recorded a trading sales volume of $504,033.

5. Pudgy Penguins

Pudgy Penguins, an NFT collection by toy brand Pudgy Penguins that features a limited supply of 8,888 NFTs on the Ethereum blockchain network, ranked fifth among today’s best-selling NFT collections. In the last 24 hours, the Pudgy Penguins NFT collection recorded a trading sales volume of $390,876, concluding our five top-selling NFT collections for the day. The Pudgy Penguins NFT sales increased by 125% from the past day.

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