Recent analysis indicates that the NFT market has recovered over the past week, noting an increase in total sales volume and buyer numbers. However, overall transactions displayed a slight decline.
Overall Trends in the NFT Market
NFT sales volume increased by 14.39% over the past week, reaching $134.3 million. The number of buyers stood at 1,061,348, reflecting a growth of 50.56% compared to the previous week. The number of sellers also rose by 8.9%, totaling 38,494 active addresses. Meanwhile, total transactions dipped by 2.94% to 1,646,525.
Sales by Blockchain
Immutable continued to lead with sales of $46,148,821, marking an increase of 81.73% over the last week. Ethereum took the second spot with $26.9 million in sales, up 42.96%. Polygon fell to third place with $16.9 million in sales, down 24.73%.
Top Collections and Their Performance
The Guild of Guardians Heroes collection remains at the top with sales of $28,330,447, up 86.33%. Meanwhile, Courtyard on Polygon dropped to second place with sales of $16,024,701, down 3.31%. CryptoPunks showed a decline with $2 million in sales, while Bored Ape Yacht Club reported gains, increasing sales by 22.72%.
Despite fluctuations in individual collections and blockchains, the overall growth in sales volume and buyer activity indicates a recovery of interest in NFTs. This development could significantly impact the future of the market.
