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Home»NFT»Record-breaking week for NFT market as sales top $412m
NFT

Record-breaking week for NFT market as sales top $412m

2024-03-02No Comments2 Mins Read
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Recent data from Cryptoslam.io has shown a significant uptick in the non-fungible token (NFT) market, with sales over the last seven days reaching $412,384,130, a 35.14% increase from the previous week’s figures.

This marks the third consecutive week of growth in the NFT sector. Among the 21 blockchains analyzed, Bitcoin led the sales volume with $154.82 million, representing a 103.29% increase. Ethereum followed closely with sales amounting to $153.94 million, indicating a 10.60% growth in ETH-based NFT transactions.

Other blockchains, including Solana, BNB Chain, and Mythos Chain, also reported increases in their NFT sales, contributing to the overall rise in market activity. The growth in sales across these diverse platforms highlights the expanding interest and investment in the NFT space.

Leading collections and high-value sales

The week’s data also spotlighted specific collections that drove the market’s performance. Bitcoin’s Uncategorized Ordinals collection was the highest-grossing, with sales of $39,037,963, marking a 213.99% increase from the preceding week. The Nodemonkes collection followed, generating $32,648,037 in sales.

Additional collections like Pandora, Creepz, and Cryptopunks were among the top five in sales volume, showcasing the variety and appeal of NFTs available to collectors and investors.

A notable transaction within this period was the sale of a Bitcoin NFT named “Burgie” for $1.44 million, the highest for the week. Other significant sales included a Solana-based NFT sold for $1.1 million and an Ethereum NFT, “Lif3 v3 Position,” which went for $597,800. These high-value transactions emphasize the lucrative nature of the market and the willingness of collectors to invest substantial amounts in digital assets.

See also  Institutional Investors Sell-Off Bitcoin (BTC) for Fourth Week in a Row: CoinShares

The data underlines the continued growth and dynamism within the NFT market, driven by a broad range of collections and significant sales across multiple blockchains.

412m market NFT RecordBreaking sales Top week
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bitcoin
Bitcoin (BTC) $ 105,072.15
ethereum
Ethereum (ETH) $ 2,533.67
tether
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xrp
XRP (XRP) $ 2.17
bnb
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solana
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usd-coin
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dogecoin
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tron
TRON (TRX) $ 0.269632
staked-ether
Lido Staked Ether (STETH) $ 2,533.55
bitcoin
Bitcoin (BTC) $ 105,072.15
ethereum
Ethereum (ETH) $ 2,533.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.17
bnb
BNB (BNB) $ 650.85
solana
Solana (SOL) $ 145.75
usd-coin
USDC (USDC) $ 0.999992
dogecoin
Dogecoin (DOGE) $ 0.17715
tron
TRON (TRX) $ 0.269632
staked-ether
Lido Staked Ether (STETH) $ 2,533.55