NFT Weekly Sales Volume Surpasses $160M

The non-fungible token market has experienced another wave of massive bull market rally, with weekly trading sales volumes rising by over 11% to surpass $160 million.

The global non-fungible token (NFT) market has seen a surge in trading sales volume, amassing $163 million in sales from November 25 to December 01, 2024, according to data collected by cryptoslam.io. This marks an increase of 11.97% in NFT market trading sales volume compared to the previous week.

NFT sales have also seen an uptick, with 589,316 crypto traders purchasing NFTs in the past seven days. On the other hand, the number of crypto investors who sold their NFTs has also surged by 21% to 350,172 this week. These trading activities have pushed the NFT market transactions to 1.4 million.

Ethereum, the blockchain network known for hosting the majority of blue-chip non-fungible token collections, has retained global NFT market dominance this week. In the past seven days, Ethereum-based NFT collections have amassed a trading sales volume of $66 million. During this time, Ethereum NFT sales have surged by 37% from the past week.

Bitcoin, the blockchain network hosting the flagship crypto “Bitcoin” and known in the NFT market for hosting Runes, Ordinals and BRC-20 NFTs, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, Bitcoin-based NFT collections have raised a trading sales volume of $49 million. The Bitcoin NFT sales volume has surged by 12.8% from the past week.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this week’s third most-traded blockchain network in the NFT market. In the past seven days, Solana-based NFT collections have raised a trading sales volume of $14 million. During this time, Solana NFT trading sales have plunged by 37% from the past week.

Mythos Chain, a gaming network built on cutting-edge blockchain technology to ensure secure and efficient transactions across the Mythos gaming ecosystem, is this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, Mythos Chain-based NFTs have recorded a trading sales volume of $10 million. Mythos Chain NFT sales volume has plunged by 1.38% from the past week.

Immutable X, an Ethereum scaling solution for non-fungible tokens that aims to enable near-instant, low-fee transactions, is this week’s fifth most-selling blockchain network in the NFT market. In the past seven days, Immutable X-NFTs have amassed a trading sales volume of $7.2 million. During this time, Immutable XNFT trading sales volume has surged by 5.08% from the past week.