The global non-fungible token (NFT) market has seen a surge in transaction sales again after a severe downturn in recent years, as can be seen from the sharp drop in the prices of major NFT collectibles. This week, the NFT market has returned to positive territory, following the footsteps of the crypto market, which has also seen some gains recently. It is worth noting that the NFT market has been greatly affected by the rise in the prices of Ethereum and Bitcoin.
NFT sales increased by 20% this week
Data from cryptoslam.io, a well-known on-chain crypto market data aggregator and non-fungible token collectibles browser, shows that the global non-fungible token market has recorded some positive gains this week, breaking through the recent resistance level. In the past seven days, the transaction sales volume of the NFT market reached $91 million, an increase of 20.58% from the previous week.
Ethereum is the most traded blockchain network in the NFT ecosystem this week, and the network has earned a reputation in the non-fungible token market for supporting the most important NFT collectibles. In the past seven days, the transaction sales volume of NFT collectibles based on Ethereum reached $32 million. During this period, the transaction sales volume of Ethereum NFT increased by 25.43% compared with the previous week.
Bitcoin is the second most traded blockchain network in the NFT ecosystem this week, and the network is well-known in the NFT market for hosting rune, BRC-20 and Bitcoin ordinal NFT collections. In the past seven days, Bitcoin-based NFT collections attracted $21 million in transaction sales. At the same time, Bitcoin NFT transaction sales increased by 32% from last week.
Solana, a popular open-source blockchain that supports smart contracts, non-fungible tokens, and a variety of decentralized applications, is the third-most traded blockchain network in the NFT ecosystem this week. In the past seven days, Solana-based NFT collectibles attracted $16 million in transaction sales, an increase of 34% from last week.
Mythos Chain is an optimized permissioned Ethereum blockchain chain that is designed to power game assets in the Mythical Games ecosystem and ensure secure and efficient transactions throughout the ecosystem. Mythos Chain has become the fourth most traded blockchain network in the NFT ecosystem this week. In the past seven days, the transaction sales volume of NFT collectibles based on Mythos Chain reached $5.5 million, surpassing the Polygon network. During this period, Mythos Chain's NFT transaction sales volume increased by 21.22% compared to last week.
Polygon, the largest scaling solution blockchain network on the Ethereum mainnet, has become the fifth most traded blockchain network in the NFT ecosystem this week. In the past seven days, the cumulative transaction sales volume of Polygon-based non-fungible token collectibles reached $4 million. During this period, Polygon's NFT transaction sales volume increased by 1.02% compared to the previous week.
The most sold NFT collectibles this week
1. DMarket NFT Collections: DMarket is a non-fungible token collection on the Mythos Chain blockchain network and is the most sold NFT collection this week. In the past seven days, the transaction sales volume of DMarket NFT collections reached $5.2 million. During this period, the transaction sales volume of DMarket NFT increased by 22.2% compared with the previous week.
2. Unclassified NFT Collection: Unclassified is a collection created using the Satoshi Nakamoto Ordinal protocol, containing various digital assets on the Bitcoin blockchain that have not yet been confirmed as part of an established collection. Unclassified is the second most sold NFT collection this week. In the past seven days, Unclassified transaction sales volume reached $4.8 million. Unclassified NFT sales increased by 1652% from last week.
3. Bored Ape Yacht Club NFT Collection: Bored Ape Yacht Club is a popular non-fungible token collection managed by digital asset incubation studio Yuga Labs, consisting of 10,000 NFT limited editions hosted on the Ethereum blockchain network. Bored Ape Yacht Club is the third most sold NFT collection this week. In the past seven days, the transaction sales volume of Bored Ape Yacht Club NFT collection reached $2.87 million. The transaction sales volume of Bored Ape NFT increased by 45% compared with last week.
4. Guild of Guardians NFT Collectibles: Guild of Guardians is an NFT collectible developed by Guild of Guardians, a mobile role-playing game that allows players to assemble their own dream team of guardians, battle against corrupt threats, and earn epic rewards. Guild of Guardians is the fourth most sold NFT collectible this week. In the past seven days, Guild of Guardians NFT collectibles have traded sales of $3 million. During this period, Guild of Guardians NFT trade sales increased by 2.52% compared to the previous week.
5. Ordinal Maxi Bix Ordinal Collectibles: Ordinal Maxi Biz is a non-fungible token collectible that contains 5,141 limited edition head images (PFP) engraved on the Bitcoin blockchain. Ordinal Maxi Biz is the fifth most sold NFT collectible this week. In the past seven days, the transaction sales volume of Ordinal Maxi Biz NFT collectibles reached $2.6 million. During this period, Ordinal Maxi Biz Ordinal collectibles increased by 76% compared to the previous week.
Notable NFT Events This Week
This weekend, the Yuga Labs community, led by Greg Solana and Wylie Aronow, will host the annual NFT conference ApeFest2024 in Lisbon, Portugal. ApeFest is an annual festival exclusively for owners of Bored Ape and Mutant Ape NFTs, hosted by the BAYC team. This conference-festival will feature conversations with the most accomplished, ambitious and curious thought leaders in business, marketing, technology and innovation from across the web3 ecosystem.
ApeFest2024 and other events on the NFT market are expected to revitalize the non-fungible token market. Last year, the Yuga Labs team prepared another NFT conference to create a united community. The conference brought together the crypto and NFT communities to learn, share ideas, and build lasting relationships. It is worth noting that NFT events are crucial to restoring trust in the crypto and NFT industries.
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