Leading Blockchain Platforms by NFT Sale Revenue: Ethereum Leads with $56.57 Billion, Solana and BNB Fight for Second Place
Solana (SOL) and Ethereum (ETH) continue to lead the Non-Fungible Token (NFT) market, with Solana maintaining its strong position as a competitor for second place in terms of daily turnover, just behind Airbnb (BNB).
Solana's current standing is supported by its robust activity in the NFT space. The price action of Solana has shown an intraday uptrend, holding above its 50-period average near 234.5. However, a potential test lies ahead as reclaiming the 239-240 level could set the stage for a push toward 242-243, while a loss of 236 could result in a drop to 234.5-235. Immediate support for Solana stands at 236-236.5, with the 50-period average backing the zone.
Meanwhile, Ethereum maintains the largest share of the NFT marketplace by turnover, with reported sales of approximately $56.57 million. The price action of Ethereum showed strength but exhibited cooling momentum intraday, pushing above its 50-period average near 4,446 before giving back part of the run. Holding the 4,455-4,465 shelf keeps the door open for potential retests of 4,495-4,505.
The near-term structure for Ethereum remains well defined for traders, with on-chain engagement across established Ethereum marketplaces and infrastructure partners remaining firm. The demand for Ethereum from traders and creators remains sustained.
Airbnb Chain, led by the inventor of BNB Coin, Changpeng Zhao, founder of Binance, the platform behind BNB and Binance Smart Chain, ranks as a key challenger in daily NFT turnover. Collections on the Airbnb Chain sustain regular listings and stable secondary trading across ecosystem venues.
Interestingly, the MACD for both Solana and Ethereum is flattening around zero, while Aroon Up stays stronger than Aroon Down for Solana, indicating a possible trend reversal for Ethereum. A slip through 4,455 for Ethereum could signal a potential mean reversion toward the 50-period average.
In conclusion, the NFT market continues to be a battleground for Solana, Ethereum, and Airbnb. As each platform competes for dominance, traders and creators alike will keep a close eye on price action, support levels, and on-chain engagement to make informed decisions.
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