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Cryptocurrency News Articles

NFT Sales Pump 6% This Week

Aug 10, 2024 at 07:30 pm

The global non-fungible token market has broken its recent resistance barrier and witnessed a notable uptick this week.

NFT Sales Pump 6% This Week

The global non-fungible token market has broken its recent resistance barrier and witnessed a notable uptick this week. Despite the recent crypto market volatility this week, the non-fungible token trading sales volume has climbed 6% from the past week, with $95 million in trading sales in the past seven days. In this article, we shall assess whether the NFT market will maintain this positive growth in the coming weeks.

NFT Sales Pump 6% This Week

Data fetched by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token collection explorer, indicates that the global non-fungible token market has recorded some positive gain this week, breaking its over three months of downtrend. The global NFT market has amassed a trading sales volume of $95 million in the past seven days. The NFT market surge has revealed that the future of the NFT market is still great.

Ethereum, a decentralized blockchain peer-to-peer network renowned in the non-fungible token market for powering the most blue-chip NFT collections, is this week’s top-traded blockchain network in the NFT ecosystem. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $32 million. Ethereum NFT trading sales volume has surged 0.56% this week from the past week.

Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Solana-based NFT collections have attracted a trading sales volume of $19 million. Solana NFT trading sales have surged 10% this week from the past week.

Bitcoin, the same blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosting Bitcoin Ordinals, Runes and BRC-20 non-fungible token collections, is this week’s third most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have attracted a trading sales volume of $14 million. Unlike the Ethereum and Solana NFTs, the Bitcoin NFT trading sales volume has fallen 10% this week from the past week.

Polygon, an Ethereum scaling solution blockchain network, has been this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, the Polygon-based non-fungible token collections have amassed a trading sales volume of $9 million. Polygon NFT trading sales volume has surged by 11.77% this week compared to the past week, following its rival Ethereum and Solana NFT blockchain networks.

The Mythos Chain, a permissioned EVM chain based on the Mythos token (MYTH) optimized for in-game assets that power the Mythical Games ecosystem, has been the fifth most traded NFT blockchain network. In the past seven days, the Mythos Chain-based NFT collection has recorded a trading sales volume of $7.2 million. Mythos Chain NFT trading sales volume has surged 288% this week from the past week.

10 Top Selling NFT Collections This Week

1. DMarket NFT Collection

DMarket, a non-fungible token collection from the DMarket NFT market platform created on the Mythos Chain blockchain network, is this week’s top-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $7.1 million. DMarket NFT trading sales volume has surged 308% this week from the past week. It’s worth noting that the DMarket NFT collection is the primary factor behind the recent Mythos Chain’s NFT market growth.

2. Guild of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from Guild of Guardians, a roguelite mobile RPG game that lets players build their dream team of Guardians to battle against the corrupting threat of the Dread while earning epic rewards, is this week’s second most-selling NFT series. In the past seven days, the Guild of Guardians NFT collection has attracted a sales volume of $3.47 million. The Guild of Guardians NFT trading sales volume has surged 5.52% this week from the past week.

3. Sorare NFT Collection

Sorare, a non-fungible token collection from the Sorare, a play-to-win blockchain-based fantasy video game featuring the world’s best global football players, is this week’s third most-selling NFT collection. In the past seven days, the Sorare NFT collection has recorded a trading sales volume of $3.3 million. Nonetheless, Sorare NFT trading sales volume has plunged 9.59% this week from the past week.

4. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection from the

Original source:insidebitcoins

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