NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks

Between Aug. 3 and Aug. 10, 2024, non-fungible token ($NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the $NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%.

$NFT Market Sees 6.29% Growth

This past week, $NFT sales climbed by 6.29% compared to the previous week. Out of the $95.42 million generated, Ethereum-based NFTs took the lead with $32.46 million in sales, marking a slight 0.06% uptick. Solana NFTs followed with $19.52 million in volume, boasting an 11.08% increase. In third place was Bitcoin, with BTC NFTs bringing in $14.69 million in sales, though this marked a 10.03% drop.

The top $NFT collection for the week was Mythos’ Dmarket, holding onto its crown from the previous week. Dmarket garnered $7.22 million in sales, a massive 334.87% jump. Immutable X’s Guild of Guardians collection secured the second spot with $3.6 million, up 7.28% from the previous week. Rounding out the top three, Sorare NFTs generated $3.34 million in sales, though this represented an 11.39% decrease.

As for this week’s priciest $NFT sales, Autoglyphs #172 led the pack, selling for $207,500 six days ago. Hot on its heels was a BNB Lockndeal $NFT, which fetched $136,959, also six days ago. The third highest sale was an Arbitrum $NFT called GUSD Locked, which went for $123,840 on Aug. 4. NFTs from Bitcoin, Solana, and Polygon followed closely behind in the rankings of the week’s most expensive sales.