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Home»NFT»Digital Collectibles Explode: Cryptopunks Soar 665% Amid $179 Million NFT Market Surge
NFT

Digital Collectibles Explode: Cryptopunks Soar 665% Amid $179 Million NFT Market Surge

2024-11-16No Comments2 Mins Read
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While the crypto markets were buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, with an impressive 90.74% increase compared to the week before.

Ethereum and Bitcoin NFT collections create a $179 million weekly bonanza

From November 9 to 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales in the seven days – 126.79% higher than last week’s figures. Bitcoin-focused NFTs secured the second position with sales of $59.96 million, up 129.22%. Solana-based digital collectibles rounded out the top three, recording sales of $24.39 million, up 91.85% from the previous week.

The Blast blockchain saw a staggering 256.30% increase in the past week, but only managed $718,850 in total sales volume. Topping the charts was the Bitcoin BRC20 NFT collection, which generated $28,143,193 in sales – up 165.96% from the previous week. Close behind was Cryptopunks, which generated $23,171,042 in sales in seven days. The iconic collection increased by 665.29% compared to last week’s performance.

Other notable collections included Bitcoin Puppets, Dmarket, Bored Ape Yacht Club (BAYC), Nodemonkes, Guild of Guardians, Doodles, Zereborn and Pudgy Penguins. The most expensive NFT sale of the week was an Ethereum-based Wise Lending NFT, which fetched $678,379 just six days ago. On Solana, Boogle #076 was priced at $269,314 three days ago, while on Bitcoin, an Uncategorized Ordinal was priced at $105,365 during the same period.

The latest NFT sales data highlights a dynamic market, with significant gains across leading blockchains and collections. Ethereum maintains its dominance, but the rise of Bitcoin underlines its growing appeal in the NFT ecosystem. Meanwhile, niche collections and smaller platforms like Blast are carving out their own space, signaling continued diversification and innovation in the digital collectibles space.

See also  Hong Kong to crack down on cryptocurrency money launderers in wake of $193 million JPEX scandal

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Collectibles CryptoPunks Digital Explode market Million NFT Soar Surge
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