The worldwide non-fungible tokens (NFTs) market is displaying signs of recovery following a significant downturn in recent months, resulting in a 23% drop in floor prices compared to their previous levels. Over the past week, the global NFT market has experienced a 7.69% increase in activity.
NFT Sales Surge by 7.69% Recently
Data from CryptoSlam.io, a crypto market aggregator and non-fungible token explorer, reveals a modest resurgence in the global NFT market over the past week. The total trading sales volume for NFTs reached $108 million, reflecting a 7.69% increase from the previous week.
In the last seven days, the number of investors engaging in NFT collections has risen by 20% compared to the week prior. The global NFT market witnessed nearly a million collectors acquiring NFTs, driving the total number of NFT transactions beyond 1.5 million.
Ethereum, a prominent blockchain network known for hosting major NFT collections, emerged as the most actively traded NFT blockchain network last week. Ethereum-based NFT collections generated $36 million in trading sales volume. Ethereum NFT sales surged by 15% compared to the previous week.
Solana, a public blockchain supporting smart contracts and NFTs, was the second most-traded network in the NFT space for the week. Solana-based NFT collections amassed a sales volume of $22 million, marking a 35% increase from the previous week.
Polygon, an Ethereum scaling solution network, ranked third in NFT trading activity. Polygon-based NFT sales amounted to $19 million in the past seven days, with a 5.14% decrease from the week before.
Bitcoin, renowned for powering various NFT collections, was the fourth most-traded blockchain network. Bitcoin-based NFT collections recorded a sales volume of $15 million, reflecting a 15.40% decline from the previous week.
Top Selling NFTs in the Recent Week
1. DMarket NFT Collection
DMarket, a collection of non-fungible tokens from the virtual asset platform DMarket, was the top-selling NFT collection last week. The DMarket NFTs achieved a trading sales volume of $3.8 million, with an 8.61% decrease from the previous week.
2. Pudgy Penguins NFT Collection
Pudgy Penguins, a limited supply NFT collection from Pudgy Penguins, saw a 6.40% sales increase from the week before, reaching a trading volume of $3.4 million on the Ethereum blockchain.
3. Bored Ape Polygon NFT Collection
Bored Ape Polygon, featuring a limited set of NFTs on the Polygon network, experienced a remarkable 126% surge in sales, reaching $3.1 million.
4. DogeZuki NFT Collection
DogeZuki, with 2,800 Shiba Inu-inspired NFTs on Solana, saw a 15% sales volume increase, totaling $3.16 million.
5. Mad Lads NFT Collection
Mad Lads, a collection with 10,000 NFTs on Solana, saw a 5.78% sales rise, reaching $3.04 million.
6. Guild Of Guardian NFT Collection
Guild of Guardian, from the mobile RPG Guild of Guardians, experienced an 18.84% sales drop, with a trading volume of $2.6 million.
7. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, a top-selling collection hosted on Ethereum, witnessed a 21.21% sales decrease, totaling $2.6 million.
8. Sea Dragon NFT Collection
Sea Dragon NFTs on Polygon achieved a trading volume of $2.5 million in the past week.
9. Bitcoin Puppets NFT Collection
Bitcoin Puppets, created on the Bitcoin blockchain, saw an 18% decline in sales, reaching $2.2 million.
10. NodeMonkes NFT Collection
NodeMonkes on the Bitcoin blockchain experienced a 37% sales decrease, with a trading volume of $2.2 million.
Predictions for the NFT Market
The global NFT market has demonstrated resilience and positive growth recently, suggesting potential development in the upcoming weeks. A bullish market trend could be revisited before the year ends.
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