NFT Sales Spikes 16% As Crypto Market Witnesses Volatility
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The NFT market has experienced a significant boost in sales over the past 7 days with the total trading volume surpassing $224 million.
The spike in NFT sales has come as leading crypto assets display mixed trends with BTC reclaiming the $100,000 mark but ETH facing pullback from its $4,000 peak.
CrtyptoSlam data shows that the NFT sector is thriving in the past couple of days with total sales volume jumping 16.36% to $224.2 million.
The NFT market continues to be dominated by Ethereum-based NFTs, recording $118.2 million in sales—a 21.31% increase whereas Bitcoin’s NFTs reports sales of $51.8 million. The current most favourite blockchain network Solana has achieved 31% growth with $21.6 million in sales.
In surprise, the not-so-known blockchain network, Mythos Chain and ImmutableX rounds out the top five blockchains, reporting $10.9 million and $8.5 million in sales, respectively.
In terms of collections, Pudgy Penguins continues to lead with a 45% increase in sales, reaching nearly $30 million. The collection has expanded its influence beyond digital art by venturing into physical merchandise and toys.
This surge in NFT sales highlights the market’s resilience and growing appeal, even amid broader cryptocurrency market volatility.
