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NFT Sales Surge 16.8% This Week, Ethereum Dominates With Top Volumes

source-logo  news.bitcoin.com 10 February 2024 18:30, UTC

This week, sales of non-fungible tokens (NFTs) surged by 16.8% over last week, as per the most recent statistics on digital collectibles. The Ethereum blockchain led the charge among 21 blockchains, capturing the top spot with sales totaling $148.49 million, marking a substantial increase of 99.08%.

Digital Collectibles on the Rise: Ethereum Tops $148M in NFT Sales This Week

This week saw another uptick in NFT sales, building on the 3.74% increase observed last week. In the latest count, NFT transactions reached $277.79 million across 21 different blockchain platforms, marking a 16.8% rise. Conversely, the number of NFT buyers plummeted by 80.74%, and sellers decreased by 78.71%. Ethereum claimed the lead in these seven days, amassing sales of $148.49 million, with Bitcoin trailing at $52.97 million in sales. Ethereum’s NFT sales soared by 99.08%, while Bitcoin’s dipped by 20.67%.

Sales of Solana-based NFTs also took a hit, dropping 21.16% to $39.84 million. Following Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) in NFT sales were Polygon and Mythos. Polygon’s sales fell to $8.23 million, a 20.23% decrease, whereas Mythos managed to buck the trend with an 11.43% increase, totaling $6.23 million in sales. The leading NFT collection of the week was Ethereum’s Pandora, generating $56.78 million. Close behind was Ethereum’s Nobody, which achieved $15 million in sales.

Taking third place was the Bitcoin-based Uncategorized Ordinals compilation with $13.65 million in sales. Mythos’ Dmarket secured the fourth spot, and Immutable X’s Gods Unchained ranked fifth for the week. The highest sale was Bored Ape Yacht Club (BAYC) NFT #1,726, fetching $668,297 two days ago. A Bitcoin Honey Badgers NFT followed with a $110,256 sale, and BNB’s Lockdealnft rounded out the top three with a sale of $61,793. The fourth and fifth highest sales came from the Solana and Avalanche blockchains, respectively.

What do you think about the NFT sales figures this week? Share your thoughts and opinions about this subject in the comments section below.