For the second week in a row, the NFT market demonstrates positive dynamics. Compared to last week, the sales volume increased by 8.5%, reaching $107 million. The number of buyers of non-replaceable tokens increased by a record 89.56%, reaching 488,141.
The number of NFT sellers also increased, showing a 69.8% growth. There are now more than 198,450 of them.
The Ethereum blockchain remains the leader in the NFT market over the past few weeks, with total sales of $36.6 million, thanks to 35,236 buyers, a 46.31% increase over the previous seven days.
In second place is the Solana blockchain, with total sales of $26.15 million. The number of buyers increased by a significant 114.07% during the week.
The bitcoin network also showed a notable 222.29% increase in buyers and an increase in sales volume to $21.4 million.
Polygon's blockchain performance declined for the week, moving it from second to fourth place. Sales volume fell 15%.
The Zora and Blast networks recorded notable increases in user inflows, up 463% and 227% respectively.
The top NFT collection was Solana Monkey Business with $4.86 million in sales, up 168.38% from last week. The number of people looking to purchase the non-mutualizable token increased by 130.84%.
This data underscores the continued interest and activity in the NFT market, despite fluctuations in sales volumes on different blockchains. The leading positions of the Ethereum and Solana blockchains, as well as the impressive growth in the bitcoin network, indicate widespread acceptance and trust in these platforms among users.
The rise in the number of buyers and sellers indicates increased participation and activity in the NFT sector. At the same time, the drop in sales volumes on the Polygon blockchain emphasizes the dynamic and volatile nature of the market, where different platforms can perform differently depending on a variety of factors.
Of particular note is the increase in activity on the Zora and Blast networks, which may indicate the emergence of exciting new projects and opportunities for users.
Solana Monkey Business holds the leadership among NFT collections, which confirms the high interest in this collection and its sustained popularity. The increase in sales volume and number of buyers testifies to the continued demand for unique digital assets.
Thus, the NFT market continues to develop and attract more participants, offering a variety of opportunities to buy, sell and create non-interchangeable tokens.
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