Sales of non-fungible tokens (NFTs) have increased by 10.7% in the last week, totaling $155.6 million in sales in just seven days. NFT sales This rise is a result of increased interest in and involvement in the NFT sector, which has witnessed substantial investments in addition to ongoing volatility. NFTs, or blockchain-verified digital assets, are becoming more and more popular as unique assets, collectibles, and works of art in a variety of businesses.
NFT Sales Up Buyers Down 85%
While overall NFT sales rose, the number of buyers fell by an astounding 85.1% from the previous week, according to data from cryptoslam.io. With $61.64 million in total sales, Ethereum-based NFTs continued to dominate the market. Bitcoin-minted NFTs came in second, with weekly sales of $31.02 million. While Bitcoin NFT sales slightly decreased by 0.29%, Ethereum NFT sales increased by 14.6%.
Sales for Solana came in at a little over $20 million, up 10.18% from the week before. Sales for the Polkadot Mythos network came to $12.46 million, and Base came in fifth place with $8.36 million, a notable 219.1% increase. Interestingly, Blast had a 219.1% increase as well, while having a low weekly volume of $885,987. The Pudgy Penguins were the best-performing.
NFT Sales Growth Pudgy Penguins
The performance of the Pudgy Penguins was 78.5% better than the previous week. BRC20-styled million on the Bitcoin network, a 43.36% increase. Sales on Mythos’ Dmarket platform totaled $7,270,498—a meager 1.43% increase. With $5,444,976 in sales, the Immutable-ZK collection Guild of Guardians came in at number four, representing a 5.82% drop. Azuki, which saw a steep drop in weekly sales, completed the top five collections.
The Pudgy Penguins saw a remarkable 78.5% increase in performance compared to the previous week, continuing their dominance in the Bitcoin network recorded $8.37 million in sales, marking a 43.36% rise. Sales on Mythos’ Dmarket platform totaled $7.27 million, a slight increase of 1.43%. The Immutable-ZK collection, Guild of Guardians, achieved $5.44 million in sales, though it experienced a 5.82% decline.
NFT Sales Expose Stream Tops with $474K
Stream collection was the most expensive NFT sale of the week. Memphis bought Bitcoin The diverse NFT sales figures for this week show a range of increases and decreases across several blockchains and collections. While the NFT market is yet. the NFT market continues to showcase dynamic shifts, with certain collections and blockchains gaining more attention and value, while others experience declines or stable performances.
The Expose Stream collection marked the highest NFT sale of the week. Memphis purchased Bitcoin These figures illustrate a varied range of sales across different blockchains and collections. The diversity in sales figures shows both increases and decreases in the market, reflecting the fluctuating demand and interests across various NFT categories. Despite these ups and downs,
Summary
The growing interest in NFTs as digital assets and collectibles is evident from the 10.7% increase in NFT sales over the last week, which reached $155.6 million. However, there was a sharp decline of 85.1% in the number of buyers. With $61.64 million in sales, Ethereum-based NFTs were the market leader, followed by NFTs made with Bitcoin ($31.02 million). Notable sales were also recorded by the Solana.
Polkadot, and Base networks, with Base seeing a 219.1% increase. Sales of the Pudgy Penguins collection increased by a noteworthy 78.5%. With the biggest sale of $474,710, NFT sales in the Expose Stream collection demonstrated the varied performance of NFT sales across several blockchains. The market is still changing with rising interest and investment, despite its ups and downs.
