The non-fungible token (NFT) market has experienced a significant upswing, with sales soaring by 35.14% compared to the previous week, buoyed by the rally in cryptocurrency values. This surge marks the third consecutive week of growth in the NFT sector, with NFTs linked to Bitcoin leading the charge.
Sales Triumph Surpasses $412 Million
Data compiled by Cryptoslam.io over the weekend unveils a remarkable surge in NFT sales, totaling a staggering $412,384,130 over the past seven days. This figure represents a robust 35.14% increase from the preceding week. Notably, Bitcoin emerged as the dominant force, amassing $154.82 million in sales, marking a remarkable 103.29% surge.
Following closely behind, Ethereum recorded $153.94 million in NFT transactions, reflecting a notable 10.60% uptick in sales volume. Other prominent blockchains such as Solana, BNB Chain, and Mythos Chain also witnessed growth in NFT sales compared to the previous week.
Top Performers in NFT Collections
Bitcoin’s Uncategorized Ordinals stole the spotlight as the highest-grossing NFT collection of the week, raking in an impressive $39,037,963 in sales, signifying a substantial 213.99% surge from the previous week. The Nodemonkes collection closely followed with $32,648,037 in NFT transactions.
Noteworthy Transactions
The week witnessed several noteworthy transactions, with the priciest occurring on the Bitcoin blockchain. An NFT named “Burgie” exchanged hands for a staggering $1.44 million. On Solana, the “Composable Restaking Position” NFT fetched $1.1 million, while Ethereum’s “Lif3 v3 Position” NFT sold for $597,800. Additionally, a BNB Chain “Lockdeal” NFT was acquired for $416,504, and a Polygon “Dfyn” NFT sold for $100,000.
