The Forkast 500 NFT Index fell in Asia trading on Friday morning to a near two-month low, with sales on the Ethereum and Solana blockchains, the two biggest for non-fungible tokens, slipping back. Polygon, the third biggest, saw a sales surge. The index dipped 1.12% to 4,187.01 in the 24 hours through 9:00 a.m. in Hong Kong. The index by Forkast.news data partner CryptoSlam is a measure of the performance of the global NFT market based on 500 eligible smart contracts. 

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Fast facts

• Sales on Ethereum, the leading blockchain network for NFTs, slumped 46.71% to US$21.1 million in the past 24 hours, but the total number of on-chain transactions increased 5% to 104,849. The Forkast ETH NFT Composite – which measures the performance of the Ethereum NFT market through 250 smart contracts – edged down 1.36% to 1,395.69.
• Solana, the second largest NFT blockchain, saw sales decline 33.7% to US$2.59 million. The Forkast SOL NFT Composite — measuring the performance of the Solana NFT market through 100 smart contracts — lost 2% to 1,160.70
• NFT sales on the third largest Polygon network jumped 246.45% to US$2.56 million. .
• Sales by NFT type were led by Coinllectibles, the art and auction-focused NFT project on Polygon, with over US$2 million from 25 transactions in the last 24 hours.
• Ethereum-based Otherdeed NFT sales surged 131% in the last 24 hours to US$1.57 million, recording the second highest in volume with 288 transactions and 451 unique buyers. Otherdeed NFTs represent virtual plots of land within the Otherside metaverse.
• The Bored Ape Yacht Club (BAYC) NFT collection placed third in sales, rising 104% to US$1.4 million in the 24 hours leading up to Friday morning in Asia. It had 13 transactions and 35 unique buyers.

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