The non-fungible token market is making a strong comeback after more than four weeks of a downward spiral. The nascent sector, which was sizzling hot two years ago before dropping down to earth, is anticipated to retest another market bull run probably before the end of this year. In this article, we will examine the full state of NFTs in the past seven days.
NFT Sales Jump 46% This Week
Data compiled by cryptoslam.io, an on-chain market data aggregator, indicates that the global non-fungible token market has increased in trading sales volume. In the past seven days, the NFT market has garnered a trading sales volume of $289 million, representing a 46.80% increase from the past week.
Non-fungible token collections hosted on the Bitcoin blockchain network, the same network that hosts the flagship crypto Bitcoin, ‘BTC’, are the most-traded NFT collection this week. In the past seven days, the Bitcoin-based NFT collections have amassed a trading sales volume of $27 million, representing a 23% rise from the previous week.
Source: CryptoSlam.io, NFT sales volume by blockchain in the past 7 days
Digital collectibles on Ethereum, the once primarily adopted NFT blockchain, are the second most-traded NFT collections this week. In the past seven days, Ethereum-based NFT collections have recorded a trading sales volume of $9.7 million, representing a 7.09% from the past week.
Non-fungible tokens hosted on Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, and Polygon, an Ethereum scaling solution, are the third and fourth most traded NFT collections this week. In the past seven days, Solana NFTs have recorded a trading sales volume of $5.2 million, while Polygon NFTs have amassed a sales volume of $1.3 million.
Ten Most Selling NFTs This Week
Source: CryptoSlam.io, top selling NFTs in the past seven days
1. Bitcoin Ordinals Collection ‘Uncategorized’
Bitcoin Ordinals, a non-fungible token collection created on the Bitcoin blockchain network using Nakamoto’s ordinal theory and comprising NFT collections like Runestones NFTs, is the most-selling NFT collection this week. In the past seven days, the Bitcoin ordinal collection has amassed a trading sales volume of $54 million, representing a 168% rise from the previous week.
2. $PUP BRC-20 NFT Collection
$PUP, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s second most-selling NFT collection. In the past seven days, the $PUP BRC-20 NFT collection has recorded a trading sales volume of $26 million, representing a 5,621% increase from the past week.
3. Froganas NFT Collection
Froganas, a non-fungible token collection that Features a limited edition of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week’s third most-selling NFT collection. In the past seven days, the Froganas NFT collection has recorded a sales volume of $12.9 million. The Froganas NFT trading sales volume has surged 268% this week from the past week.
4. NodeMonkes NFT Collection
NodeMonkes, an NFT collection that Features a limited supply of 10,000 NFTs hosted on the Bitcoin blockchain network, is this week’s fourth most-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has amassed a trading sales volume of $12.6 million. The NodeMonkes NFT trading sales volume has risen 103% from the past week.
5. DMarket NFT Collection
DMarket, a non-fungible token collection from a renowned virtual asset marketplace, DMarket hosted on the Mythos Chain blockchain network, is this week’s fifth most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $7.1 million, representing a 10.81% surge from the past week.
Source: CryptoSlam.io, top selling NFTs in the past seven days
6. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, the flagship NFT collection for the digital asset incubation studio Yuga Labs that Features a fixed edition of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $6.5 million, representing a 2.44% drop from the past week.
7. Tensorians NFT Collection
Tensorians, an NFT collection from the NFT market platform Tensor featuring a limited supply of 10,000 pixilated NFTs hosted on the Solana blockchain network, is this week’s seventh most-selling NFT collection. The Tensorians NFT collection has raised a trading sales volume of $6.3 million in the past seven days. Tensorians NFT trading sales volume has risen by 54% this week from the past week.
8. Dokyo NFT Collection
Dokyo, a non-fungible token collection featuring a limited supply of 5,555 NFTs hosted on the Avalanche blockchain network, is this week’s eighth most-selling NFT collection. The Dokyo NFT collection has amassed a trading sales volume of $5.4 million in the past seven days, representing a 219% rise from the past week.
9. Mad Lad NFT Collection
Mad Lads, an NFT collection from the Solana framework development company Coral, featuring a limited set of 10,000 NFTs hosted on the Solana network, is this week’s ninth most-selling NFT collection. In the past seven days, the Mad Lads NFT collection has recorded a trading sale of $5.2 million, representing a 12.77% drop from the past week.
10. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection previously from the digital asset incubation studio Larva Labs but now owned by Bored Ape Yacht Club creator Yuga Labs, is this week’s tenth most-selling NFT collection. In the past seven days, CryptoPunks, an NFT collection featuring a limited supply of 10,000 NFTs hosted on Ethereum, has amassed a trading sales volume of $3.3 million, closing our ten top-selling NFTs this week.
Top NFT Sales Made This Week
CryptoPunks #2306 was the most expensive NFT collection sold this week, selling for over $1 million four days ago. LockDealNFT #51202 was the second most expensive NFT collection sold this week, selling for $651,963 seven days ago. The Bitcoin Ape #2301 was the third most expensive NFT collection sold this week, selling for $459,437 seventeen hours ago.
Source: CryptoSlam.io, Most expensive NFTs sold in the past 7 days
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The non-fungible token market is making a strong comeback after more than four weeks of a downward spiral. The nascent sector, which was sizzling hot two years ago before dropping down to earth, is anticipated to retest another market… Read MoreCryptocurrency News Cryptocurrency News | Latest Bitcoin News today | TheBitTimes.Com RSS
