Between August 3 and August 10, 2024, non-fungible token (NFT) sales saw a 6.29% increase from the previous week, reaching a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with the number of buyers falling by 86.34% and the number of sellers by 77.25%.
NFT market sees 6.29% growth
This past week, NFT sales increased 6.29% compared to the previous week. Of the $95.42 million generated, Ethereum-based NFTs took the lead with $32.46 million in sales, marking a slight increase of 0.06%. Solana NFTs followed with volume of $19.52 million, up 11.08%. In third place was Bitcoin, with BTC NFTs bringing in $14.69 million in sales, although this marked a decline of 10.03%.
The top NFT collection of the week was Mythos’ Dmarket, which held the crown from the week before. Dmarket achieved revenue of $7.22 million, a massive increase of 334.87%. Immutable Complementing the top three, Sorare NFTs generated $3.34 million in revenue, although this represented a decline of 11.39%.
In terms of this week’s most expensive NFT sales, Autoglyphs #172 led the pack, selling for $207,500 six days ago. Close behind was a BNB Lockndeal NFT, which also raised $136,959 six days ago. The third highest sale was an Arbitrum NFT called GUSD Locked, which sold for $123,840 on August 4. NFTs from Bitcoin, Solana and Polygon followed closely in the rankings of the most expensive sales of the week.