Flow continues to cross non-fungible token (NFT) milestones after reaching new landmarks to become one of the top five largest blockchains by sales volume of all time.
Flow is one of the most popular blockchains when it comes to taking a stake in digital collectibles as the platform was built with the sole aim of creating scalable and low-cost NFTs. Be. According to[In]Crypto Research, Flow had total sales volume in the region of $1.06 billion as of June 5.
This comes as a massive increase in Flow, as its parent asset, Flow, fell sharply in the May market crash, wiping out 50% of the coin’s price.
This milestone puts Flow in fourth place behind Solana, Ronin and Ethereum. Simultaneously, Flow is above Polygon, Wax, Avalanche, Immutable X, Palm, Tezos, Panini and Binance Smart Chain (BSC).
What causes Flow’s sales volume to increase?
When you look at the increase in the number of unique buyers since January 2021, the increase in sales led to an increase in the total number of transactions on the chain, with 19,185 unique buyers and 505,572 transactions. As of the end of January, Flow sales volume was approximately $40.55 million.
Unique buyers grew 321% from January to 80,822 in February 2021.
This month proved to be Flow’s all-time high in monthly sales volume. Flow recorded sales of approximately $224.07 million.
Most of the sales came from one of the best-selling NFTs, the NBA Top Shot. Other NFTs that have contributed to this milestone include NFL All Day, Ballerz, Matrix World, UFC Strike, Evolution (Ben Mauro), Flunks and Flowwater.
Other months that contributed significantly to Flow sales volume include March ($209.68 million), April 2021 ($83.04 million); January ($61.93 million), and February 2022 ($57.49 million).
flow value feedback
FLOW opened at $8.80 on January 1, 2022, reached an annual high of $9.44 on January 2, and tested an annual low of $2.31 on May 27. FLOW was exchanging hands for $2.60 at the time of writing. Altogether, this equates to 73% of the coin’s price throughout 2022.
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