Sales of non-fungible tokens (NFTs) have increased by 35.14% over the previous week due to the growth in the value of cryptocurrencies. This is the third week in a row that the NFT industry has seen an increase in sales, with NFTs based on Bitcoin driving this trend.
Sales of NFT Exceed $412 Million in Weekly Market Victory
NFT sales during the last seven days totaled $412,384,130, according to data collected this weekend by Cryptoslam.io. This is a 35.14% increase over the sales figures of the previous week. Out of the 21 distinct blockchains that were examined for NFT sales volumes, Bitcoin emerged as the most successful, accumulating $154.82 million—a 103.29% increase.
With sales of $153.94 million within the same time frame, Ethereum came in second, with a 10.60% rise in ETH-based NFT transactions. Solana, BNB Chain, Mythos Chain, and the other four leading blockchains all reported increased NFT sales over the preceding week.
With sales of $39,037,963, Bitcoin’s Uncategorized Ordinals became the week’s highest-grossing NFT collection. This is a noteworthy 213.99% increase from the previous week. The Nodemonkes collection, which generated $32,648,037 in NFT transactions, came in close second.
The top five NFT collections by sales volume were Creepz, Pandora, and Cryptopunks, which followed these two popular collections. Dmarket and NATCATS TAP NFTs were included in other notable NFT collections.
Three days ago, an NFT named “Burgie” was bought for $1.44 million on the Bitcoin blockchain, making it the most expensive NFT transaction of the week. “Composable Restaking Position,” an NFT based in Solana, sold for $1.1 million, while “Lif3 v3 Position,” an NFT based in Ethereum, brought in $597,800. Furthermore, a Polygon “Dfyn” NFT was sold for $100,000 two days ago, and a BNB Chain “Lockdeal” NFT was purchased for $416,504 approximately a day ago.
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