NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales

Non-fungible token ($NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of $NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, $NFT sales attained $208.17 million. The substantial rise in this week’s $NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain.

Bitcoin-Based $NFT Sales Gain Significant Momentum

Bitcoin $NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains as per cryptoslam.io data documented on May 14, 2023. Ethereum $NFT sales continued to reign supreme with $111.26 million in $NFT sales; however, the runner-up position was held by Bitcoin-based NFTs, also known as Ordinal inscriptions.

$NFT sales over the last seven days according to cryptoslam.io statistics on May 14, 2023.

Data demonstrates that Bitcoin $NFT sales secured $53,433,451 and clinched the second-place position regarding blockchain sales out of the 21 chains. Bitcoin’s $NFT sales leaped by 187.54% compared to the prior week.

The top five blockchains in terms of $NFT sales on May 14, 2023.

Mythos blockchain’s NFTs also experienced a sizable boost as $NFT sales climbed by 69.66% to claim $11.73 million this previous week. The ascent propelled Mythos into the third-largest rank considering top blockchains by $NFT sales volume.

Solana, which formerly occupied the second-largest spot, now stands at fourth in terms of $NFT sales per blockchain. In the last seven days, Solana recorded $8,789,106 – a reduction of 21.16% compared to the previous week. The fifth blockchain with the greatest sales volume for this past week was Polygon’s $7.79 million, decreasing by 7.07%.

The top five $NFT collections in terms of sales on May 14, 2023.

Regarding $NFT collections, cryptoslam.io data discloses that “Uncategorized Ordinals,” essentially random Ordinals not part of any collection, achieved the top collection status in sales this week. Uncategorized Ordinals managed to register $15.62 million in $NFT sales.

Ethereum’s Bored Ape Yacht Club (BAYC) claimed the second spot this week with $13.80 million in overall sales within the past seven days. The Mythos chain’s Dmarket collection secured third place, and the majority of Mythos’ $NFT sales stemmed from the Dmarket collection’s transactions.

In fourth place, ORDI BRC-20 NFTs documented $11,044,110 in weekly sales, while Ethereum’s Milady Maker $NFT collection amassed $10,376,102 in sales during the identical timeframe and ranked fifth this week. A notable climber this week concerning $NFT sales was Bitcoin-based Space Pepes with $4,607,834 accrued over the past seven days – a spike of 2,142.35% compared to the previous week.

Moreover, a single $NFT from the series was sold for $4.5 million, making it the most expensive sale of the week. Interestingly, the remaining top five most valuable $NFT sales in the past week all belonged to the Uncategorized Ordinals category.