NFT MARKET: PANINI PANS FURTHER 

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The deal for the day saw the Panini America collection pushing the Panini blockchain towards the top 5 on the log of biggest performers by blockchain.

Panini Defied odds to beat established blockchains

The blockchain owned by a parent company, the Panini Group, an Italian company headquartered in Modena, with a focus on books, comics, magazines, stickers, trading cards, and other items through its collectibles and publishing subsidiaries, defied market happenings to beat the likes of Ronin, polygon, ImmutableX, and Avalanche, to take a spot at the fifth position on the log.

According to data obtained from popular NFT analytics website cryptoslam, Panini outperformed major blockchains in the percentage of sales made, as it did 127% in 24 hours of trade, clocking a total of $504,000 in sales volume, in 6,033 transactions.

CryptoPunk maintains the top spot in the NFT market

In other news, the CryptoPunk collection still ended the day on top of the log for NFT collections, grossing a total of $2.8 million in the total volume of sales, followed by the Bored Ape Yacht Club (BAYC) which did $1.9 million, Otherdeed at $1.1 million and Sorare at $1.04 million.

On performance according to Blockchain, in spite of the performance of the Panini blockchain, Ethereum still leads the log on the basis of total sales made. Ethereum maintains this lead, having grossed over $15 million in the 24-hour trading window. Next to Ethereum on the log is Solana at $2 million, BNB at $655,000, Flow at $508,000, Panini at $503, Ronin at $222,000, and ImmutableX at a ridiculously distant seventh, in just $79,000 deals.

However, on the basis of transactions carried out, Solana still leads the chase with 53,850 transactions, followed by Flow with 44,904, Ethereum 27,540, Wax stood at 19,562 while on Ronin 16,249 transactions were carried out.

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