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NFT Sales Soar 24% as Ethereum Takes the Lead This Week

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bitcoin.com
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1 year ago
AI summarizes in 5 seconds.

This week, cryptoslam.io metrics show the NFT scene saw a healthy 24.33% uptick from the previous week. Not only that, but the number of NFT buyers shot up by 42.96%, and sellers weren’t far behind, with a 41.53% increase. Ethereum took the crown as the top blockchain for NFT sales, raking in $36.62 million. Following closely was Solana, which generated $18.43 million, marking a 14.4% rise in sales.

Polygon secured the third spot, amassing $12.52 million in NFT sales, while Bitcoin-focused NFTs came in just under that with $12.14 million. Mythos rounded out the top five chains, bringing in a bit over $5 million. Among collections, Ethereum’s Cryptopunks led the pack with $7.65 million in total sales.

NFT Sales Soar 24% as Ethereum Takes the Lead This Week

Mythos’ Dmarket claimed second place by pulling in $4.99 million, followed by Ethereum’s Bored Ape Yacht Club (BAYC), which brought in $3.59 million this week. The priciest NFTs this week weren’t as extravagant as in previous weeks. The top sale was Arbitrum’s GETH Locked Deposit, which fetched $256,000. An Ethereum NFT named Zoth Nibiru sold for $250,000, and Solana’s Boogle #061 changed hands for $200,000 just five days ago.

The boost in NFT sales, coupled with the significant increase in buyers and sellers, hints at a renewed enthusiasm for digital collectibles across various blockchains. While Ethereum continues to dominate, other chains like Solana, Polygon, and Bitcoin are making strides, indicating a more diverse market. The comparatively moderate prices of the top NFTs this week might suggest a more cautious approach from investors.


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