NFT Sales Soar 25% To +$100M This Week

The non-fungible token market has experienced a notable resurgence this week after more than three weeks of declining trading sales volume and floor price value.

The non-fungible token market has experienced a notable resurgence this week after more than three weeks of declining trading sales volume and floor price value.

Non-fungible tokens saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back down to earth. However, recent data suggests that the NFT market may be making a comeback.

According to data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by crypto billionaire Mark Cuban, the non-fungible token market has surged again in trading sales volume this week, breaking its initial market resistance.

In the past seven days, the NFT market has recorded a trading sales volume of over $100 million, representing a 25% surge from the past week.

The global NFT market began pumping in trading sales volume earlier this week, with popular blue-ship non-fungible token collections such as the Bored Ape Yacht Club claiming back more than 20% of their floor price value.

In the past seven days, the number of investors purchasing NFTs has increased by 43%, confirming that the NFT market is making a strong comeback.

Ethereum, the blockchain network powering the digital asset ETH and renowned in the NFT market for hosting the majority of blue-chip non-fungible token collections, has been this week’s most-traded blockchain network in the NFT ecosystem.

In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $36 million, representing a 34% surge from the past week.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been this week’s second most-traded NFT blockchain network.

In the past seven days, the Solana-based NFT collections have raised a trading sales volume of $19 million. During this time, the Solana NFT trading sales volume has surged by 16% from the past week.

Polygon, an Ethereum scaling blockchain network, has been this week’s third most-traded NFT blockchain, outpacing the dominant Bitcoin network.

In the past seven days, the Polygon-based NFT collections have amassed a trading sales volume of $12.6 million. During this time, Polygon NFT trading sales volume has surged by 98% from the past week.

Polygon has seen a number of new projects, including the new Fashion Girl, launched on it in recent days.

Bitcoin, the same blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosted BRC-20, Runes and Ordinals collections, has been this week’s fourth most-traded blockchain network in the NFT ecosystem.

In the past seven days, the Bitcoin-based non-fungible token collections have amassed a trading sales volume of $12.5 million, crawling behind Polygon. During this time, the trading sales volume of Bitcoin NFTs has reduced by 9% from the past week.

Mythos Chain and BNB Chain are the fifth and sixth most traded blockchain networks in the NFT market.

In the past seven days, Mythos Chain-based NFTs have recorded a trading sales volume of $5.1 million, while BNB Chain-based NFTs have attracted a trading sales volume of $3.9 million. During this period, Mythos Chain and BNB Chain NFT trading sales volumes have surged 1.77% and 12.35%, respectively.

Top Selling NFTs In The Past 7 Days

1. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection previously from the digital asset incubation studio Larva Labs but now managed by the digital asset firm Yuga Labs and features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s most-selling NFT collection.

In the past seven days, the CryptoPunks NFT collections have recorded a trading sales volume of $7.7 million, up 304% from the past week.

2. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain network, has been this week’s second most-selling NFT collection.

In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $5 million, accounting for 98% of all Mythos Chain NFT trading sales volume. During this time, the DMarket NFT trading sales volume has surged 0.87% from the past week.

3. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, another non-fungible token collection created and managed by the digital asset firm Yuga Labs that features a limited edition of