As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the previous week. This marks the third straight week of sales growth in the NFT sector, with Bitcoin-based NFTs leading the way during this period.
NFT sales soar past $412 million in weekly market triumph
Data collected by Cryptoslam.io this weekend shows that NFT sales over the past seven days amounted to $412,384,130, marking a 35.14% increase over the previous week’s sales figures. Of the 21 different blockchains analyzed for NFT sales volumes, Bitcoin led the way, amassing $154.82 million, a jump of 103.29%.
Ethereum followed closely with $153.94 million in revenue over the same period, showing a 10.60% increase in ETH-based NFT transactions. The top five blockchains, including Solana, BNB Chain and Mythos Chain, all reported growth in NFT sales compared to the previous week.
Bitcoin’s Uncategorized Ordinals emerged as the highest-grossing NFT collection of the week, with sales of $39,037,963, a significant increase of 213.99% from the previous week. The Nodemonkes collection followed closely behind, netting $32,648,037 in NFT transactions.
These two leading collections were followed by Pandora, Creepz and Cryptopunks, which make up the top five NFT collections by sales volume. Other notable NFT collections include NATCATS TAP NFTs and Dmarket NFTs.
The most expensive NFT transaction of the week took place on the Bitcoin blockchain, where just three days ago an NFT called “Burgie” was purchased for $1.44 million. A Solana-based NFT titled “Composable Restaking Position” changed hands for $1.1 million, while Ethereum’s “Lif3 v3 Position” NFT raised $597,800. Additionally, a BNB Chain “Lockdeal” NFT was purchased for $416,504 about a day ago, and a Polygon “Dfyn” NFT was sold for $100,000 two days ago.
What do you think of the NFT sales numbers this week? Share your thoughts and opinions on this topic in the comments below.