NFT market value surged up with a big jump in the number of buyers at 488,141, an increase of 89.56%, while the number of sellers also increased by 69.8% to a total of 198,450; this presented much better conditions for trading and more activity in the market.
Below is an overview of the performance of the NFT market in the recent
Ethereum (ETH) Spearheads: Ethereum continued to lead in NFT markets within the past few weeks, with a total sale of $36.6 million, through 35,236 buyers—a 46.31% increase from the previous week.
Solana (SOL) on the Rise: On the other hand, Solana posted $26.15 million in sales, with a large 114.07% increase in buyers.
NFT Sales on Bitcoin: The Bitcoin NFT market also saw a large surge, with sales of $21.4 million, driven by a 222.29% surge in buyers.
Polygon (MATIC) Slips: Polygon, which had the second-best performance last week, has witnessed more than a 15% drop in sales, moving down to #4, just ahead of Immutable (IMX).
Top Performers: Zora and Blast had the highest percentage increases in sales volume at 463% and 227%, respectively.
Leading Collections: Solana Monkey Business had $4.86 million in sales, the increase was 168.38%. Transactions and buyers increased by 137.34% and 130.84%, respectively.
DMarket: The Mythos blockchain recorded $4.01 million in sales but witnessed a drop in transactions and buyers. Gods Unchained Cards: On Immutable, this saw $3.8 million in sales, up 61.35%, as transactions rose 76.31% and buyers 41.21%.
Ethereum's Autoglyphs #167: which brought in $274,561
Bitcoin's Protoshrooms: Sold for $148,574
BNB's kNFT: locked kUSDT and Arbitrum's Umoja Synths: also pulling off spectacular sales that helped illustrate the wide range of NFTs featured on various blockchains.
Galatasaray's token on Chiliz's blockchain dominated with $280.5 million in sales—a surge of 70149.47%. On its heels were FC Barcelona and Paris Saint-Germain in terms of sales volume, showing a general interest in sports-related tokens and NFTs.
The recent performance of the NFT market, pegged by current sales data, shows a strong recovery that underlines renewed interest from investors. This marks the second week with improved sales performance, pointing towards the likelihood of a new uptrend. This resurgence has happened amid the cryptocurrency market rallying to $2.55 trillion. The major cryptocurrencies, including Bitcoin, Ethereum, BNB, and Solana, witnessed major price hikes, instilling optimism across the digital asset spectrum. As crypto prices surge and the NFT market bounces back, investors are growing in confidence—only a pointer to good tidings in the future.
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