Key Points
The sales volume of non-fungible tokens (NFTs) has experienced a 22.5% surge this week. It now stands at $93 million, according to recent data.
As the crypto market shows gradual signs of recovery, the NFT market is seeing an increase in volume and other metrics. Here’s a quick overview:
Last week’s NFT sales volume of $77.6 million has risen to $93 million this week. The Ethereum (ETH) network has overtaken the Bitcoin (BTC) network in terms of volume.
The number of NFT buyers has nearly doubled from 263,804 last week to 494,666 this week. The number of NFT sellers has also surged by 108% and now stands at 252,401.
Ethereum vs. Bitcoin
Bitcoin, which has consistently held the top spot, has been surpassed by Ethereum in terms of sales volume over the past seven days.
Ethereum’s NFT sales volume has increased from last week’s $26.6 million. The sales have risen by over 30% and currently stand at $33.4 million.
Bitcoin has also seen a 36% surge, with the weekly sales volume now at $21.6 million. However, $5.3 million of Ethereum’s volume was due to wash trading, significantly higher than Bitcoin’s wash trading of $902,000.
Data from Cryptoslam shows that Solana (SOL) has retained its third position from last week, with a weekly NFT sales volume of $16.6 million. Mythos Chain (MYTH) and Polygon (POL) secured the next two spots with $5.5 million and $3.9 million in sales, respectively.
In terms of the number of NFT buyers, Solana has maintained its dominance with 192,543, a significant 220% increase from last week’s 60,115.
DMarket has held its top position for over three weeks, reporting the highest sales at $5.2 million. However, this is a nearly 30% decrease from last week’s $8.02 million.
Uncategorized Ordinals is second with $4.86 million in sales, experiencing an 1,800% surge in sales over the past seven days.
According to Cryptoslam, these are the top NFT sales from the past week:
Ordinal Maxi Biz (OMB) #882b65…a96ei0 sold for $109,079 (1.5942 BTC).
Ordinal Maxi Biz (OMB) #32b13f…6c26i0 sold for $91,085.87 (1.3371 BTC).
Ordinal Maxi Biz (OMB) #591165…c718i0 sold for $87,895.17 (1.2857 BTC).
CryptoPunks #6409 sold for $79,237.16 (29.99 ETH).
CryptoPunks #8135 sold for $78,503.09 (29.75 ETH).