The non-fungible token market recorded a positive trend this week, defying the pattern of the cryptocurrency bear market last week, which caused many non-fungible tokens to drop their bottom prices by more than 20%. In this article, we will examine the health of the non-fungible token market this week:
NFT sales increased by 5% in the past 7 days
Data compiled by crypto market data aggregator and multi-chain non-fungible token explorer cryptoslam.io shows that the non-fungible token market has finally broken through the resistance level and recorded positive growth this week. In the past seven days, the NFT market has accumulated transaction sales of $102 million, an increase of 5.61% from last week.
Ethereum, the blockchain network known for supporting most blue-chip non-fungible tokens, was the most traded blockchain network in the NFT ecosystem this week. In the past seven days, the Ethereum-based non-fungible token series has accumulated transaction sales of $33 million. However, Ethereum NFT transaction sales fell by 9.15% from last week.
Polygon, an Ethereum extension blockchain network, became the second most traded blockchain network in the NFT ecosystem this week, surpassing the dominant Solana and Bitcoin. In the past 24 hours, the cumulative transaction sales of NFT series based on Polygon reached $22 million. Polygon NFT transaction sales increased by 40% compared with last week.
Bitcoin, the same blockchain network as the flagship cryptocurrency Bitcoin, is famous in the NFT market for hosting the Runes and Ordinals series, and became the third most traded NFT blockchain this week. In the past seven days, the Bitcoin-based non-fungible token series has accumulated $18 million in transaction sales. Bitcoin NFT sales increased by 6.63% compared to last week.
Solana and Mythos Chain became the fourth and fifth most traded blockchain networks in the NFT ecosystem this week. In the past seven days, Solana-based NFT series raised $14 million in trade sales, while Mythos Chain-based NFT series raised $4.4 million in trade sales. Solana NFT trade sales rose by 2.87%, while Mythos Chain NFT sales fell by 3.83% from last week.
The best-selling NFTs of the past 7 days
1. CryptoPunks NFT Series
CryptoPunks is a non-fungible token series managed by digital asset company Yuga Labs, featuring a certain number of 10,000 NFTs hosted on the Ethereum blockchain network. It is the best-selling NFT series this week. In the past seven days, the CryptoPunks NFT series has accumulated transaction sales of $5.7 million. Punk NFT sales increased by 15% compared to last week.
2. DMarket NFT Series
DMarket is a non-fungible token series hosted on the Mythos Chain network on the virtual asset market platform DMarket. It is the second best-selling NFT series this week. In the past seven days, the cumulative transaction sales of the DMarket NFT series reached 4.1 million US dollars. During this period, DMarket NFT sales fell by 3.2% compared with last week.
3. Pudgy Penguins NFT Series
Pudgy Penguins is a non-fungible token created by the toy brand Pudgy Penguins, featuring 8,888 NFTs hosted on the Ethereum blockchain network, and is the third best-selling NFT series this week. In the past seven days, the Pudgy Penguins non-fungible token series attracted $3.6 million in transaction sales, an increase of 7.58% from last week.
4. Bored Ape Yacht Club NFT Series
Bored Ape Yacht Club is a historically best-selling NFT series created by digital asset company Yuga Labs, featuring 10,000 NFTs hosted on the Ethereum blockchain network, and is the fourth best-selling NFT series this week. In the past seven days, Bored Ape Yacht Club has accumulated transaction sales of $3.4 million. However, Bored Ape NFT sales fell 4.07% from last week.
5. NodeMonkes NFT Series
NodeMonkes, a collection of 10,000 NFTs issued on Bitcoin’s Ordinal protocol, is the fifth best-selling NFT collection of the week. Over the past seven days, the NodeMonkes NFT collection has raised $3.3 million in transaction sales. During this period, NodeMonkes NFT sales have increased by 55% compared to the previous week.
6. Guild Of Guardians NFT Series
Guild of Guardians, a non-fungible token series from the mobile role-playing game Guild of Guardians, is the sixth best-selling NFT series this week. In the past seven days, the Guild of Guardians NFT series attracted $3.3 million in transaction sales. Guild of Guardians NFT sales increased by 96% compared to last week.
7. DogeZuki NFT Series
DogeZuki, a non-fungible token series featuring a certain number of 2,800 Shiba Inu-inspired digital items hosted on the Solana blockchain network, is the seventh best-selling NFT series this week. In the past seven days, the DogeZuki NFT series raised $2.6 million in transaction sales. DogeZuki NFT sales increased by 8.58% compared to last week.
8. Bitcoin Puppets NFT Series
Bitcoin Puppets is a series of non-fungible tokens created using the Ordinal protocol based on the Bitcoin blockchain network. It is the eighth best-selling NFT series this week. In the past seven days, Bitcoin Puppets has accumulated transaction sales of $2.6 million. Bitcoin Puppets NFT sales increased by 26% compared to last week.
9. Sea Dragon NFT Series
Sea Dragon, a series of 10,000 NFTs created on Ethereum scaling solution network Polygon, is the ninth best-selling NFT series this week. In the past seven days, the Sea Dragon NFT series recorded $2.6 million in transaction sales. Sea Dragon NFT sales increased by 1000% compared to last week.
10. Sunny Girl NFT Series
Sunny Girl, a series of 10,000 NFTs created on Ethereum scaling solution network Polygon, is the tenth best-selling NFT series of the week. In the past seven days, the Sunny Girl NFT series attracted $2.1 million in transaction sales, ending the week in the top ten best-selling NFT series.
The best-selling NFT collectibles in the past 7 days
Punk #627 was the most expensive NFT series sold this week, selling for nearly $1 million four days ago. Punk #50 was the second most expensive NFT series sold this week, selling for $306,725 six days ago. UrbanNode #63 was the third most expensive NFT series sold, selling for $37,749 two days ago.
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