The non-fungible token market has seen a surge this week, with Ethereum, Solana, and Bitcoin seeing a significant increase in NFT transaction sales. However, contrary to the recent crypto market rally, the NFT market has defied the expectations of many crypto investors, as most expected a stronger NFT bull run.
NFT sales grew by 20% this week
Data compiled by blockchain market data aggregator Cryptoslam.io shows that the global non-fungible token market has seen positive growth this week. In the past seven days, transaction sales in the NFT market reached $458 million, an increase of 20% from the previous week.
The growth of the non-fungible token market is attributed to the recent crypto market rally, which has taken the flagship cryptocurrency “Bitcoin” above the $68,000 level for the first time in two years. The last time Bitcoin reached such highs was during the historic crypto market in 2021, when altcoins and NFTs reached all-time highs.
This week, Bitcoin was the blockchain network with the most transactions for the flagship cryptocurrency, the same blockchain network that powers Bitcoin. Over the past seven days, transaction sales of Bitcoin-based NFT collections reached $180 million, up 38% from the previous week.
Ethereum is the most widely used blockchain network in the NFT market and the second most traded blockchain network in the NFT ecosystem this week. In the past seven days, Ethereum-based NFT collections attracted $165 million in transaction sales, an increase of 11% from last week.
Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, is the third most traded blockchain network in the NFT market this week. In the past seven days, the transaction sales of NFT collections based on Solana reached $66 million. Solana's NFT sales increased by 12% from last week.
BNB Chain and Mythos Chain are the fourth and fifth largest blockchain networks in the NFT market this week. In the past seven days, the cumulative transaction sales of NFT collections based on BNB Chain reached $8.7 million, while the sales of NFTs based on Mythos Chain reached $7.6 million.
This week’s hottest NFTs
Source: CryptoSlam.io, NFTs with the highest sales in the past 7 days
1. Bitcoin Ordinals Collection
Bitcoin Ordinals, an NFT collection created on the Bitcoin blockchain network using the Ordinal protocol, is the best-selling NFT collection this week. In the past seven days, Bitcoin Ordinals has generated $45 million in transaction sales. Bitcoin Ordinals' NFT transaction sales increased by 48% this week.
2. NodeMonkes NFT Collection
NodeMonkes, a limited edition of 10,000 NFT collections hosted on the Bitcoin blockchain network, is the second-highest-selling NFT collection this week. In the past seven days, NodeMonkes' NFT collection has generated $44 million in transaction sales, an increase of 75% from last week.
3. CryptoPunks NFT Collections
CryptoPunks is a limited supply of 10,000 NFT collections launched by digital asset company Larva Labs, hosted on a blockchain network, and is the third-highest-selling NFT collection this week. In the past seven days, CryptoPunks' NFT collection attracted $24 million in transaction sales. CryptoPunks' NFT sales increased by 1,87% from last week.
4. $NATCATS Tap NFT Collection
$NATCATS is an NFT collection created on the Bitcoin blockchain network using ordinal theory. It is the fourth-highest NFT collection in terms of sales this week. In the past seven days, the transaction sales of $NATCATs' NFT collection reached $11 million. $NATCATs' NFT sales increased by 166% compared to last week.
5. Pandora NFT Collection
Pandora, a 10,000-copy NFT collection tied to the first token built on ERC404, is the fifth-highest-selling NFT collection this week. In the past seven days, Pandora’s NFT collection has generated $11.7 million in transaction sales.
6. Pudgy Penguins NFT Collection
Pudgy Penguins, a limited edition collection of 8,888 NFTs hosted on the Ethereum blockchain, is the sixth-highest NFT collection in terms of sales this week. Over the past seven days, Pudgy Penguins has generated $11.4 million in sales. Pudgy Penguins NFT sales increased by 1,27% from last week.
7. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club is a limited supply of 10,000 NFT collections launched by digital asset incubation studio Yuga Labs, hosted on the Ethereum blockchain network, and is the seventh-highest-selling NFT collection this week. In the past seven days, Bored Ape Yacht Club's transaction sales reached $10.4 million.
8. Froganas NFT Collection
Froganas, a limited edition collection of 5,555 humanoid frog NFTs hosted on the Solana blockchain network, is the eighth-highest-selling NFT collection this week. Over the past seven days, Froganas has generated $10.2 million in trade sales. Froganas NFT sales have increased by 37% from last week.
9. Ordinal Maxi Biz NFT Collection
Ordinal Maxi Biz is an NFT collection created on the blockchain network and is the ninth-highest NFT collection in terms of sales this week. In the past seven days, Ordinal Maxi Biz has generated $7.7 million in transaction sales. Ordinal Maxi's NFT sales have increased by 211% compared to last week.
10. HychainNodeKey NFT Collection
HychainNodeKey is an NFT collection created on the Ethereum blockchain network and is the tenth most sold NFT collection this week. In the past seven days, HychainNodeKey has generated $7.5 million in transaction sales.
The most expensive NFT sales of the week
The most expensive NFT collection this week was CryptoPunks #3100, which sold for over $16 million four days ago. LockDeal NFT #40081 was another most expensive NFT collection this week, which sold for $416,504 seven days ago. Boogle #071 was the third most expensive NFT this week, which sold for $355,365 three days ago.
Related NFT News:
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The Value of NFTs Soars Again – This CryptoPunk NFT Has Sold for $16 Million
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