The Ethereum Name Service, or ENS, dominates the non-fungible token market at the beginning of June. It surpasses four million dollars in sales.
Although ENS is not directly categorized as an NFT collection, it is indeed based on this technology.
In fact, it is a decentralized domain name protocol on the Ethereum blockchain. It allows users to convert Ethereum addresses into human-readable formats.
This means that when an ENS domain is registered, a unique NFT corresponding to the domain name is issued.
Moreover, it can be transferred or sold just like any other NFT.
ENS Now Leads the Ranking Alone
Other collections are following the path paved by ENS. The second collection of the day was the $PIZZA BRC-20 NFTs. Its sales amounted to more than two million dollars.
By the way, this collection resides on the Bitcoin blockchain. It experienced a drop in sales after leading sales at the beginning of June, surpassing the seven million dollar mark.
Third place is taken by the Guild of Guardians Avatars collection. This collection is based on the Immutable network. Its sales exceed 1.2 million dollars.
The Blast’s Fantasy Top collection also stands out. It is ranked fourth, with its sales approaching the one million dollar mark.
The Genesis Fanta Field collection on Solana was launched at the beginning of the month. It made a notable entry into the top 10, with a total sales volume exceeding 600,000 dollars.
The Bored Ape Yacht Club, the flagship NFT of Yuga Labs, occupied the second place in the all-time sales ranking. It is currently ranked seventh, with total sales amounting to more than 470,000 dollars.
A Popular Blockchain
Indeed, the Ethereum blockchain, led by ENS, has dominated all blockchains in terms of daily sales. It exceeded 8 million dollars at the beginning of the week, totaling more than 4 million dollars the day before.
The Bitcoin blockchain recorded a daily sales volume of over four million dollars, which is a decrease compared to the 11 million dollars recorded on June 9th.
Besides, the Solana blockchain recorded sales approaching 3 million dollars. The Polygon blockchain, on the other hand, experienced higher transaction volumes, with sales totaling more than two million dollars.
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