Circulation Blockchain Surpasses $1 Billion in All-Time NFT Sales

Flow continues to cross non-fungible token (NFT) turning points after reaching brand-new landmarks to turn into one of the leading 5 most significant blockchains by all-time sales volume.

Flow is among the most popular blockchains when it pertains to taking a stake in digital antiques considering that the platform was developed with the sole function of developing scalable and inexpensive NFTs. According to Be[In] Crypto Research, Flow had an overall sales volume in the area of $1.06 billion, since June 5.

This comes as a huge increase to Flow after its native property, FLOW, fell steeply in the market crash of May, removing 50% of the coin’s cost.

This turning point has actually put Flow in 4th location behind Solana, Ronin, and Ethereum With that stated, Flow is above Polygon, WAX, Avalanche, Immutable X, Palm, Tezos, Panini, and Binance Smart Chain ( BSC).

Source: All-Time NFT Blockchain Sales Volume Ranking by CryptoSlam

What triggered skyrocketing Flow sales volume?

When you observe the increase in the variety of special purchasers from January 2021, the development in sales resulted in the chain’s increasing overall deal counts, with 19,185 special purchasers and 505,572 deals. By the end of January, Flow sales volume was roughly $4055 million.

Unique purchasers surged by 321% from January to 80,822 in February2021

Source: February 2021 Unique Buyers Chart by CryptoSlam

This month likewise showed to be Flow’s all-time high in month-to-month sales volume. Circulation tape-recorded sales of around $22407 million.

Source: February 2021 Monthly Sales Volume Chart by CryptoSlam

Most of the sales originated from among the greatest selling NFTs, NBA Top Shot Other NFTs that added to this turning point consist of NFL ALL DAY, BALLERZ, Matrix World, UFC Strike, Evolution (Ben Mauro), Flunks, and Flovatar.

Other months that made impressive contributions to Flow sales volume consist of March ($20968 million), April 2021 ($8304 million); January ($6193 million), and February 2022 ($5749 million).

FLOW rate response

FLOW opened on Jan. 1, 2022, at $8.80, reached an annual high of $9.44 on Jan. 2, and checked an annual low of $2.31 on May27 Circulation was exchanging hands for $2.60 at the time of composing. In general, this relates to a 73% in the cost of the coin throughout2022

Source: FLOW/USD Chart by TradingView

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