The global non-fungible token (NFT) market is showing signs of recovery after a brutal crash in recent months, resulting in a floor price drop of 23% from its former resistance level. The global NFT market rose by 7.69% last week.
Data compiled by CryptoSlam.io, an on-chain crypto market aggregator and multi-chain non-fungible token exploration tool, shows that the global non-fungible token market grew slightly last week. In the past seven days, NFT market transaction sales reached $108 million, an increase of 7.69% from the previous week.
During this period, the number of investors who purchased non-fungible token collections increased by 20% compared to last week. In the past seven days, the global NFT market has witnessed nearly one million collectors purchasing NFTs, resulting in more than 1.5 million NFT transactions.
Ethereum is a well-known blockchain network in the NFT market, which mainly hosts most blue-chip non-fungible token collections. In the past week, Ethereum has become the most popular NFT blockchain network for transactions. In the past seven days, the cumulative transaction sales of NFT collections based on Ethereum reached 36 million US dollars. Ethereum NFT sales increased by 15% compared with last week.
Solana, a public open source blockchain that supports smart contracts and a variety of decentralized applications, has become the second largest transaction network in the NFT ecosystem over the past week. In the past seven days, the cumulative transaction sales of NFT collections based on Solana reached US$22 million, an increase of 35% from last week.
Polygon, an Ethereum scaling solution blockchain network, has become the third largest transaction blockchain network in the NFT ecosystem in the past week. In the past seven days, the cumulative transaction sales of NFTs based on Polygon reached $19 million. Polygon's NFT transaction sales fell by 5.14% from last week.
Bitcoin, a blockchain network known for supporting Ordinals and BRC-20 non-fungible token collections in the NFT market, has become the fourth largest transaction blockchain network in the NFT ecosystem over the past week. In the past seven days, the cumulative sales of Bitcoin-based NFT collections reached $15 million, down 15.40% from last week.
The top 10 NFTs sold in the past 7 days
1. DMarket NFT Collection: Sales volume was $3.8 million, down 8.61% from last week.
2. Pudgy Penguins NFT Collection: Sales of $3.4 million, up 6.40% from last week.
3. Bored Ape Polygon NFT Collection: sales of US$3.1 million, up 1,26% from last week.
4. DogeZuki NFT Collection: sales of US$3.16 million, up 15% from last week.
5. Mad Lads NFT Collection: sales of US$3.04 million, up 5.78% from last week.
6. Guild Of Guardian NFT Collection: Sales of $2.6 million, down 18.84% from last week.
7. Bored Ape Yacht Club NFT Collection: Sales of $2.6 million, down 21.21% from last week.
8. Sea Dragon NFT Collection: Sales of $2.5 million.
9. Bitcoin Puppets NFT collection: sales of $2.2 million, down $18% from last week.
10. NodeMonkes NFT Collection: sales of $2.2 million, down 37% from last week.
NFT Market Prediction This Week
The global non-fungible token market has demonstrated strong market resilience and maintained positive growth over the past week. The NFT market is expected to continue to develop in the coming weeks, and the market may retest the bull market before the end of the year.
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