• Monthly NFT sales on Ethereum have reached a 10-month high.
• The general NFT market capitalization has risen by double digits in the last month.

The monthly sales of non-fungible tokens (NFTs) on the Ethereum [ETH] network have reached their highest in ten months, surpassing $430 million, according to data from CryptoSlam. 

In the last 23 days, NFT sales volume on the Proof-of-Stake network totaled $433 million, marking a 22% uptick from the $355 million recorded sales volume in January.

According to the data provider, the last time NFT monthly sales volume on the Ethereum network exceeded $400 million was in April 2023.

The sales volume registered so far this month has been recorded from 677,456 total transactions, completed between 98,000 unique sellers and 118,371 unique buyers. 

Interestingly, the total NFT transactions count recorded in the last 23 days represented a 27% drop from the 929,155 total transactions completed in January.

Despite this, and with five days till the month ends, February’s sales volume has exceeded January’s by double digits, on-chain data revealed. 

Blur takes charge

Blur [BLUR] has seen the highest trading activity of all existing NFT marketplaces in the last 30 days.

According to DappRadar, the  NFT marketplace and aggregator continues

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Author: Abiodun Oladokun

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