Recent data from Cryptoslam.io show that the global non-fungible token market has experienced a 5% increase today. The market recorded a trading sales volume of $29 million in the past 24 hours, representing a positive trend amid challenges faced by some NFT collections, particularly those on the Ethereum network.
Some well-known NFT collections like the Bored Ape Yacht Club and Mutant Ape Yacht Club have seen significant drops in their floor prices, pointing to the impact of the recent bear market on NFTs.
Despite these challenges, the Bitcoin and Solana-based NFT collections are displaying signs of recovery, hinting at a potential Bull Run in the NFT market.
Growth in Bitcoin and Solana NFT Market
NFT collections on Bitcoin and Solana blockchains are performing well, showing promise for market recovery in the future. Bitcoin NFT sales volume has surged by 17% in the last 24 hours, reaching $9 million. Similarly, Solana NFT collections have seen a 9.98% increase in trading sales volume, amounting to $7.6 million.
The Bitcoin Ordinals and Tensorians are among the top-selling NFT collections, demonstrating a strong market demand. Bitcoin Ordinals have witnessed a 92% surge in trading sales volume, while Tensorians saw a remarkable increase of 369% in the past day.
Another popular NFT collection, Mad Lads from the Solana Development Project Coral, has recorded a trading sales volume of $1.4 million, marking a 73% rise from the previous day.
Additional NFT Updates
Several NFT-related news articles provide insights into the current market trends, including scams affecting the industry and top-performing NFT collections amid market challenges.
