In August, the non-fungible token (NFT) market is showing growth, marked by an increase in trading volumes and the number of buyers. The last week alone saw $148 million in sales.
Overview of the NFT Market
According to data compiled by the crypto analysis platform cryptoslam.io, the NFT market recorded a trading sales volume of $148 million from August 11 to August 18. During this time, more than 300,000 users purchased NFT collections, reflecting a 75% increase from the previous week.
Top Traded NFT Blockchains
Last week, the most traded blockchain in the NFT sector was Ethereum, which generated $83 million in trading volume. BNB Chain took second place with $18 million, while Polygon came in third with $12 million. Mythos Chain and Solana rounded out the top five with $9.4 million and $7.9 million, respectively.
Top Selling NFTs of the Week
The highest sales among NFT orders from August 11 to August 18 were from the Bored Ape Yacht Club collection, which totaled $13 million. It was followed by CryptoPunks at $12 million, the Courtyard collection at $11 million, Moonbirds at $8.3 million, and SpinNFTbox at $8.2 million.
The NFT market continues to capture attention with its new achievements and high trading volumes, alongside an increasing number of buyers. These positive trends may indicate further growth in interest towards non-fungible tokens.
