Amid the broad rebound in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase over the past week. NFT sales managed to rake in $92.95 million this week, with Ethereum and Bitcoin NFT sales leading the way.
Digital collectibles are increasing in activity as Ethereum and Bitcoin top the NFT charts
NFTs saw an increase in sales and activity this week. The number of sellers of digital collectibles increased by 107.92%, the number of NFT buyers increased by 87.54%, and the 1,947,124 NFT transactions this week were about 15% higher than the week before. Statistics collected by cryptoslam.io indicate that Ethereum was the top blockchain in terms of NFT sales this week. $33.61 million was raised, which was an increase for Ethereum, up 31.7%.
Bitcoin took the second position in terms of NFT sales raising $21.41 million during the week. Bitcoin-focused NFT sales are up 35.6% from the previous week. In third place, Solana-based digital collectibles sales recorded $16.69 million, which was an increase of 40.87%. The Mythos NFT collection Dmarket was the top compilation this week, raising $5.23 million, but Dmarket sales are down 31.09% from last week.
Bitcoin’s Uncategorized Ordinals collection took second place for the week in terms of high-ranking sales for NFT collections. Uncategorized Ordinals managed to bring in $4.86 million, a significant increase of 1,816% compared to last week. Ranking third in sales was the Immutable X collection Guild of Guardians (GoG). GoG managed to post $3.02 million, which is a modest increase of 1.39%.
The most expensive NFT sold this week was an Uncategorized Ordinal that fetched $4.55 million. The second most expensive digital collectible sold was an Ethereum-based Tokenvestingplans NFT, which sold for $913,526. Finally, a BNB Chain-focused Lockndeal NFT sold for $114,511 three days ago. The latest data points to a renewed interest in digital collectibles, due to increased participation in major blockchains and NFT collections.
While Ethereum and Bitcoin continue to dominate, the resurgence of Bitcoin Ordinals and Solana-based sales highlights the changing dynamics in the NFT ecosystem. This week’s high-profile sales highlight growing diversification within the NFT market, indicating changing preferences among both buyers and sellers. It makes sense that the NFT market will align with the recent growth of the broader crypto market.
What do you think of this week’s NFT promotion? Let us know what you think in the comments below.
