NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally

As the value of cryptocurrencies has risen, the non-fungible token ($NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the $NFT sector, with NFTs based on Bitcoin leading the charge throughout this period.

$NFT Sales Surge Past $412 Million in Weekly Market Triumph

Data gathered by Cryptoslam.io this weekend reveals that $NFT sales over the last seven days amounted to $412,384,130, marking a 35.14% uptick from the sales figures of the previous week. Among the 21 different blockchains analyzed for $NFT sales volumes, Bitcoin was at the forefront, amassing $154.82 million, a jump of 103.29%.

Ethereum closely followed with $153.94 million in sales over the same period, showing a 10.60% increase in ETH-based $NFT transactions. The top five blockchains, including Solana, $BNB Chain, and Mythos Chain, all reported growth in $NFT sales compared to the previous week.

Bitcoin’s Uncategorized Ordinals emerged as the week’s highest-grossing $NFT collection, securing $39,037,963 in sales, a significant 213.99% increase from the prior week. Following closely was the Nodemonkes collection, which achieved $32,648,037 in $NFT transactions.

These two leading collections were succeeded by Pandora, Creepz, and Cryptopunks, making up the top five $NFT collections by sales volume. Additional noteworthy $NFT collections featured NATCATS TAP NFTs and Dmarket NFTs.

The week’s priciest $NFT transaction occurred on the Bitcoin blockchain, where an $NFT named “Burgie” was purchased for $1.44 million just three days ago. A Solana-based $NFT titled “Composable Restaking Position” changed hands for $1.1 million, while Ethereum’s “Lif3 v3 Position” $NFT fetched $597,800. Additionally, a $BNB Chain “Lockdeal” $NFT was acquired for $416,504 about a day ago, and a Polygon “Dfyn” $NFT was sold for $100,000 two days ago.

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