News and Analytics

Last week, the NFT market demonstrated growth
0

Last week, the NFT market demonstrated growth

Feb 12, 2024

Last week, the NFT market showed a sales increase of 3.74% compared to the previous week, reaching a total volume of $277.79 million across 21 blockchain platforms, which is 16.8% higher than the previous figures. While the number of NFT buyers decreased by 80.74%, and sellers by 78.71%, Ethereum regained its leading position with sales volume of $148.49 million, whereas Bitcoin network sales amounted to $52.97 million. This means that NFT sales on Ethereum grew by 99.08%, while on the Bitcoin network, there was a decrease of 20.67%.

NFT sales based on Solana also showed a decline, decreasing by 21.16% to $39.84 million. Following Ethereum, Bitcoin, and Solana are Polygon and Mythos with sales volumes of $8.23 million and $6.23 million respectively, with sales on Polygon decreasing by 20.23%, while Mythos showed an increase of 11.43%.

The sales leader of the week in the NFT market was the Pandora collection on Ethereum with revenue of $56.78 million, followed by the "Nobody" project on Ethereum with sales volume of $15 million. The third place was taken by the Uncategorized Ordinals collection on Bitcoin with sales volume of $13.65 million. Among other leaders are Dmarket from Mythos and Gods Unchained from Immutable X.

The most expensive NFT sold was Bored Ape Yacht Club (BAYC) NFT No. 1726, sold for $668,297. It was followed by Bitcoin Honey Badgers for $110,256 and Lockdealnft from BNB for $61,793. The next highest sales were on the Solana and Avalanche blockchains.

These data highlight the dynamic development of the NFT market, where Ethereum reaffirms its dominance, and new and existing platforms continue to contribute to the expansion of the digital asset ecosystem.

Comments

Latest analytics

Dymension – A Modular...

Dymension – A Modular Platform for Blockchain Scalability

Overview of Simon’s...

Overview of Simon’s Cat (CAT) Cryptocurrency: A New Wave...

Show more

Latest Dapp Articles

Show more

You may also like