The NFT The market recorded a sales volume of $122.5 million last week, an increase of 101.61% from the previous period.
Summary
- NFT weekly revenue rose 101.6% to $122.5 million, despite broader crypto market weakness.
- Ethereum led with revenue of $77.6 million, up 179%, while Bitcoin rose 127% to $21.7 million.
- A $13.7 million Bitcoin BRC-20 NFT sales set a new weekly high for the market.
NFT buyers rose 38.75% to 187,288, while sellers rose 47.19% to 164,685. Transaction volume increased by 7.99% to 702,526.
This comes at a time when Bitcoin has retreated to the $89,000 level, while Ethereum has fallen below the $3,000 mark.
The global cryptocurrency market cap now stands at $3.02 trillion, down from last week’s $3.22 trillion. Despite this broader market weakness, the NFT sector posted strong gains, with weekly sales volume more than doubling.
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Ethereum leads with $77.5 million growth
Ethereum (ETH) dominated all blockchains with $77.57 million in revenue NFT sales, which rose 179.42% in the seven-day period.
The network attracted 23,994 buyers, an increase of 38.03% from the previous week. Wash trades on Ethereum during this period totaled $4.63 million.
Bitcoin (BTC) took second place among blockchains with $21.66 million in revenue, up 126.61% week-over-week. The network attracted 8,333 buyers, an increase of 60.71% compared to the previous period.
NFT Sales Volume”>
Source: Blockchains from NFT Sales Volume (CryptoSlam)
BNB Chain (BNB) was in third place with sales of $7.52 million, down 3.20% despite a 68.29% increase in buyer activity to 24,784.
Immutable (IMX) fell to fourth position with revenues of $3.70 million, down 10.98%, while Base came fifth with $3.55 million, up 88.69%.
Solana (SOL) rounded out the top six blockchains with $3.32 million in revenue, posting an 8.85% gain and attracting 30,235 buyers, which rose 84.73% from last week.
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Flying Tulip PUT takes top collection spot
Flying Tulip PUT on Ethereum dominated the collection rankings with $51.57 million in revenue, showing flat performance week over week. The collection processed 2,103 transactions from 1,516 buyers.
$X@AI BRC-20 NFTs on Bitcoin took second place with $15.71 million in sales, up 687.41% over the week. The collection completed just nine transactions from seven buyers.
YES BOND BNB Chain landed in third place with revenue of $4.18 million, an increase of 28.15%. CryptoPunks took fourth position with $4.01 million in revenue, recovering 46.74% after last week’s 23.81% decline.
Guild of Guardians Heroes posted revenues of $2.31 million, up 7.41%, while Moonbirds posted $1.91 million, up 69.75%. Pudgy Penguins rounded out the top seven with revenue of $1.82 million, down 4.72%.
Top NFT sales were $13.7 million
The week’s highest value sale broke previous records as $X@AI BRC-20 NFT on Bitcoin sold for $13.73 million (153.5837 BTC) just a day ago.
Two more $X@AI pieces followed, raising $1.01 million (11.2771 BTC) two days ago and $895,348 (10.0001 BTC) three days ago.
CryptoPunks claimed two spots in the top five of individual sales.
- CryptoPunks #9901 sold for $382,027 (120 ETH) Four days ago.
- CryptoPunks #3077 raised $325,678 (107.5 ETH) two days ago.