NFT Sales Soar 34% This Week To Reach $304M – InsideBitcoins
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The non-fungible token market has experienced yet another bullish week, marked by a massive surge in trading sales volume and floor price values. The global non-fungible token market sales volume has surged again this week and reached over $300 million, the highest trading sales volume since April this year. In this article, we shall assess the full state of the non-fungible token market in the past seven days.
NFT Sales Surpass $300M In The Past 7 Days
Data compiled by CryptoSlam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, indicates that the global non-fungible token market has significantly surged again this week. In the past seven days, the global NFT market has raised trading sales volume of $304 million, representing a 34% surge from the past week. Interestingly, this is the highest trading sales volume raised in the NFT market since the beginning of the year.
Ethereum, the same blockchain network powering the famous Ether and renowned in the NFT market for hosting the majority of blue-chip NFT collections, has been the dominant network in the NFT market this week. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $204 million. Ethereum NFT sales have surged by 90% from the previous week. Ethereum NFTs have made their highest weekly trading sales volume since the beginning of the year.
Bitcoin, the blockchain network that came into the limelight in the NFT market due to its Ordinals, Runes, and BRC-20 NFT collections, has been this week’s second most-traded NFT blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $35 million. During this time, Bitcoin NFT sales volume has dropped by 34% from the past week.
Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this week’s third most-traded NFT blockchain network in the NFT ecosystem. In the past seven days, the Solana-based NFT series has recorded a trading sales volume of $28 million. During this period, the Solana NFT sales have dropped by 7.25% from the past week.
Mythos Chain, an Ethereum scaling solution network renowned in the NFT market for powering gaming items, has been this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, the Mythos Chain-based NFT collections have recorded a trading sales volume of $10 million. During this period, the Mythos Chain NFT sales volume has plunged by 0.42% from the past week.
Ten Top Selling NFTs In The Past 7 Days
1. Pudgy Penguins NFT Collection
Pudgy Penguins, a globally acknowledged non-fungible token collection from the digital asset firm Igloo featuring a limited edition of 8,888 cute penguins hosted on the Ethereum blockchain network, is this week’s most-selling NFT collection in the global NFT market. In the past seven days, the Pudgy Penguins NFT collection has raised a sales volume of $54 million. During this time, the Pudgy Penguins NFT sale volume has surged by 110% from the past week.
2. Lil Pudgy NFT Collection
Lil Pudgy, another non-fungible token collection from the digital asset firm Igloo Inc featuring a fixed edition of 22,222 NFTs hosted on the Ethereum blockchain network, is this week’s second most-selling NFT collection in the NFT market. In the past seven days, the Lil Pudgy NFT series has garnered a trading sales volume of $19 million, representing a 64% rise from the past week.
3. Azuki NFT Collection
Azuki, a renowned non-fungible token collection from the digital asset incubation studio Chiru Labs that features a limited edition of 10,000 pixilated NFT collections hosted on the Ethereum blockchain network, is this week’s third most-selling NFT collection in the NFT market. In the past seven days, the Azuki NFT collection has garnered a trading sales volume of $18.3 million.
4. Doodles NFT Collection
Doodles, a non-fungible token collection from the digital artist Burnt Toast featuring a limited set of 10,000 cartoon NFTs hosted on the Ethereum blockchain network, is this week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the Doodles NFT series has amassed a trading sales volume of $13 million. During this time, Doodles NFT sales volume has surged by 258% from the past week.
5. Azuki Elementals NFT Collection
Azuki Elementals, another non-fungible token collection from the digital asset firm Chiru Labs featuring a limited edition of 20,000 anime-themed NFTs hosted on the Ethereum blockchain network, is this week’s fifth most-selling NFT collection in the NFT market. In the past seven days, the Azuki Elementals NFT collections have raised a trading sales volume of $8.2 million. During this period, the Azuki Elementals NFT sales volume has surged by 244% from the past week.
6. $?? BRC-20 NFT Collection
$??, a non-fungible token collection that features digital items created on the Bitcoin blockchain network using the popular BRC-20 protocol, has been this week’s sixth most-selling NFT series in the NFT market. In the past seven days, the $?? BRC-20 NFT collection has raised a sales volume of $8.2 million. During this time, the $?? BRC-20 NFT trading sales volume has plunged by 47.73% from the previous week.
7. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection that features a limited edition of 10,000 pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by the Bored Ape creator Yuga Labs, has been this week’s seventh most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has raised a trading sales volume of $7.7 million. During this time, the CryptoPunks NFT sales have surged by 88% from the past week.
8. DMarket NFT Collection
DMarket, a non-fungible token collection from DMarket, a cross-chain marketplace for trading NFTs and virtual items, featuring non-fungible tokens that represent in-game items from popular games like Counter-Strike 2 and Dota 2, has been this week’s eighth most-selling NFT collection in the NFT market. In the past seven days, the DMarket NFT collection has raised a sales volume of $5.8 million.
9. Cool Cats NFT Collection
Cool Cats, a non-fungible token collection from the popular digital artist and graphic designer Colin Egan, featuring a limited edition of 10,000 cartoon NFTs hosted on the Ethereum network, is this week’s ninth most-selling NFT collection in the NFT market. In the past seven days, the Cool Cats NFT collection has recorded a trading sales volume of $5 million, representing a 1,253% surge from the past week.
10. Beanz NFT Collection
Beanz, another non-fungible token collection from digital asset firm Chiru Labs featuring a fixed set of 19,950 hand-drawn PFP NFT collections hosted on the Ethereum blockchain network, is this week’s tenth most-selling NFT Collection in the NFT market. In the past seven days, the Beanz NFT collection has recorded a trading sales volume of $4.7 million. During this period, the Beanz has surged by 330% from the past day.
The NFT Market Prediction
Data analytics shows that the NFT market is taking a short breather after a vigorous bull run this week. Nonetheless, the NFT space is predicted to continue rallying this festive and possibly retest another bull run at the beginning of the new year. The NFT bull run will be driven by innovative applications, increased mainstream adoption, and more new digital assets in the NFT market.
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