NFTs Are Back Again – Weekly NFT Sales Surge 28% To $103M, The Highest Sales Since July 2024
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The global non-fungible token market has returned to the positive trend this past week, breaking its more than four weeks of downtrend. The NFT market has seen a +28% surge in its weekly NFT trading sales volume, which was fueled by the recent Trump re-election and recent crypto market rally. Former US President Donald Trump was elected back to office last week after winning against his opponent, Kamala Harris.
NFT Sales Climb 28% In The Past 7 Days
Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer exclusively backed by a renowned crypto investor and entrepreneur, Billionaire Mark Cuban, indicates that the NFT market has surged again in trading sales volume this past week. In the past seven days, the global NFT market sales surged 27% to $103 million, marking the highest sales volume since July 2024.
Ethereum, the blockchain network renowned in the NFT market for hosting most blue-chip non-fungible token collections, has been this past week’s most-traded blockchain network in the NFT ecosystem. The Ethereum-based non-fungible token collections have amassed a trading sales volume of $34 million in the past seven days. During this time, the Ethereum NFT trading sales volume surged 30% from the previous week.
Bitcoin, the same blockchain network renowned in the global NFT market for powering Ordinals Runes, BRC-20 NFT collections, has been this past week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have amassed a trading sales volume of $30 million, crawling closely behind Ethereum. The Bitcoin NFT trading sales volume surged 102% from the previous week during this time.
Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been this past week’s third most-traded blockchain network in the NFT market. In the past seven days, the Solana-based NFT collections have amassed a trading sales volume of $13 million. During this period, the Solana NFT trading sales volume has plunged by 5.66% from the previous week.
Mythos Chain, a renowned blockchain network leveraging Ethereum Virtual Machine (EVM) compatibility, has been the NFT market’s fourth most-traded blockchain network this past week. In the past seven days, the Mythos Chain-based NFT collection has amassed a trading sales volume of $10 million. During this period, the Mythos Chain NFT trading sales volume has plunged by 1.88% from the previous week.
Polygon, an Ethereum scaling solution blockchain network, was this past week’s fifth most-traded blockchain network in the global NFT market. In the past seven days, the Polygon-based NFT collections have amassed a trading sales volume of $4.1 million. During this time, Polygon NFT trading sales volume plunged by 4.49% from the past month, closing our five top-traded NFT blockchain networks.
Top Selling NFTs In The Past 7 Days
1.$?? BRC-20 NFT Collection
$??, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, has been this past week’s top-selling non-fungible token collection in the NFT market. BRC-20 is a token standard that allows anyone to create their own tokens on the Bitcoin blockchain. In the past seven days, the $?? BRC-20 NFT collection has recorded a trading sales volume of $12 million, up 423% from the previous week.
2. DMarket NFT Collection
DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain blockchain network, has been this past week’s second most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $5.5 million. During this time, the DMarket NFT trading sales volume has plunged by 3.40% from the past week.
3. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, has been this past week’s third most-selling NFT series in the NFT market. In the past seven days, the CryptoPunks NFT collections have raised a trading sales volume of $3.4 million. During this time, the CryptoPunk NFT trading sales have surged 186% from the previous week.
4. Bitcoin Puppets NFT Collection
Bitcoin Puppets, a non-fungible token collection created on the Bitcoin blockchain network using Satoshi Nakamoto’s Ordinal protocol, has been this past week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the Bitcoin Puppets NFT collection has raised a trading sales volume of $3 million. During this period, the Bitcoin Puppets NFT trading sales volume has surged by 53% from the previous week.
5. Guild Of Guardians NFT Collection
Guild of Guardians, a non-fungible token collection from a mobile role-playing game, Guild of Guardians, has been this past week’s fifth most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has amassed a trading sales volume of $2.9 million. During this time, the Guild of Guardians NFT trading sales volume has fallen 3.31% from the previous week.
6. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token created by the toy brand Pudgy Penguins featuring a fixed supply of 8,888 NFTs hosted on the Ethereum blockchain network, has been this past week’s sixth most-selling NFT collection in the NFT market. In the past seven days, the Pudgy Penguins NFT collection has raised a sales volume of $2.3 million. During this period, the Pudgy Penguins NFT sales volume has increased by 239% from the previous week.
7. NodeMonkes NFT Collection
NodeMonkes, a non-fungible token featuring a limited edition of 10,000 unique Bitcoin-powered NFTs leveraging the ordinal protocol, has been this past week’s seventh most-selling NFT collection in the NFT market. In the past seven days, the NodeMonkes NFT collection has attracted a trading sales volume of $2.2 million. During this time, the NodeMonkes NFT trading sales volume has surged 44% from the previous week.
8. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, a non-fungible token collection created and managed by the digital asset firm Yuga Labs, featuring a fixed supply of 10,000 NFTs hosted on the Ethereum blockchain network, has been this past week’s eighth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has amassed trading sales volume of $1.9 million, up 21% from the previous day.
9. Ordinal Maxi Biz NFT Collection
Ordinal Maxi Biz, a non-fungible token collection featuring a limited set of 2,100 hand-drawn sketches by digital artist Tony Tafuro hosted on the Bitcoin blockchain network, has been this past week’s ninth most-selling NFT collection in the NFT market. In the past seven days, the Ordinal Maxi Biz NFT collection has recorded a trading sales volume of $1.8 million. OMB NFT sales volume has surged by 45% from the previous week.
10. Courtyard NFT Collection
Courtyard, a non-fungible token collection comprising a limited supply of 36,794 unique digital items living on the Polygon blockchain network, has been this past week’s tenth most-selling NFT collection in the NFT market. In the past seven days, the Courtyard NFT collection has raised a trading sales volume of $1.5 million. The Courtyard NFT sales volume has plunged by 17.80%.
The NFT Market Prediction For Q4, 2024
Despite suffering myriad challenges, including significant floor price drops, intense volatility, and regulatory scrutiny, the global NFT market is still staged for a resurgence in Q4 of 2024. Remarkably, the NFT market is expected to regain adoption in the United States of America now that Donald Trump, “Crypto President,” has taken the government. During the previous regime, the United States Securities and Exchange attacked NFT projects, including OpenSea.
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