Recent data shows that the NFT market has experienced significant growth, with sales reaching $221.5 million, indicating a renewed interest from collectors and investors.
Overall NFT Market Growth
This week, the sales volume in the NFT market increased by 41%, reaching $221.5 million. Despite a slight decline in transaction counts, the number of buyers and sellers surged significantly. Ethereum led this growth, along with blockchains such as Solana, Binance Coin, and Bitcoin.
CryptoPunks on Top
The CryptoPunks collection reclaimed its status as the dominant NFT collection, showing a sales spike of 589.56%, unexpectedly reaching $33.7 million. All top five individual sales this week belong to this collection, with the highest sale amounting to 250 ETH, equivalent to $906,371.
Increase in Buyers and Sellers
The number of NFT buyers increased by 163.29%, reaching 466,370, while the number of sellers rose by 158.30% to 291,510. However, the total number of transactions declined by 4.05%, totaling 1,531,437. The most significant buyer growth was observed on Polygon (359.06%) and Solana (126.35%).
Overall, the recent growth in the NFT market, fueled by main collections like CryptoPunks, may indicate a renewed interest among investors and collectors amid the rapidly changing crypto landscape.
