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Amid the broad uptick in crypto asset markets, non-fungible token ($NFT) sales saw a 22.38% increase this past week. $NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin $NFT sales led the way.
Digital Collectibles Spike in Activity as Ethereum and Bitcoin Top the $NFT Charts
NFTs enjoyed an increase in sales and activity this week. The number of digital collectible sellers rose by 107.92%, the number of $NFT buyers jumped by 87.54%, and the 1,947,124 $NFT transactions this week were around 15% higher than the week prior. Metrics collected by cryptoslam.io indicate that Ethereum was this week’s top blockchain in terms of $NFT sales. $33.61 million was collected which was a rise for Ethereum, up 31.7%.
Bitcoin took the second position in terms of $NFT sales gathering $21.41 million during the course of the week. Bitcoin-centric $NFT sales are up 35.6% higher than the previous week. In third place, Solana-based digital collectible sales saw $16.69 million which was a rise of 40.87%. The Mythos $NFT collection Dmarket was the top compilation this week raking in $5.23 million, but Dmarket sales are down 31.09% lower than last week.
Bitcoin’s Uncategorized Ordinals collection took the week’s second spot in terms of high-ranking sales for $NFT collections. Uncategorized Ordinals managed to snag $4.86 million, up a significant 1,816% compared to last week. The third position in sales was the Immutable X collection Guild of Guardians (GoG). GoG managed to record $3.02 million, which is a modest 1.39% increase.
The priciest $NFT sold this week was an Uncategorized Ordinal that fetched $4.55 million. The second most expensive digital collectible sold was an Ethereum-based Tokenvestingplans $NFT which sold for $913,526. Lastly, a BNB Chain-centric Lockndeal $NFT sold for $114,511 three days ago. The latest data hints at a renewed interest in digital collectibles, reflecting increased participation across major blockchains and $NFT collections.
While Ethereum and Bitcoin continue to dominate, the resurgence in Bitcoin Ordinals and Solana-based sales highlights shifting dynamics in the $NFT ecosystem. This week’s standout sales highlight a growing diversification within the $NFT market, indicating evolving preferences among buyers and sellers alike. It’s logical that the $NFT market is aligning with the broader crypto market’s recent growth.
What are your thoughts on this week’s $NFT action? Let us know what you think in the comments section below.