​ NFT Revenue Decreased By Roughly 31% In March, Totaling $88 | NFT News

​ NFT Revenue Decreased By Roughly 31% In March, Totaling $882 Million

According to the information provided by CryptoSlam, non-fungible token transactions in March decreased by 31.42% month on month, going from $1.03 billion in February to $882.89 million on April 3.  The Ethereum network was responsible for the settlement of $537.89 million worth of those transactions in March, which accounted for more than sixty percent of total sales. In March, the Bored Ape Yacht Club (BAYC) collection was the top-selling product, with sales of $35.81 million. This figure represents a 48.19% reduction from the previous month’s sales. The month of February saw Cryptopunks’ sales increase by 87.95%, bringing the total to $30.11 million, making it the second-largest NFT compilation in terms of revenue. Following Solana in March’s sales rankings are Polygon ($36.16 million), Immutable X ($28.82 million), and Cardano ($10.08 million), with NFT transactions in Solana accounting for 10.57% of total sales and reaching $93.36 million.