🌎 NFT Sales Surge 22.5% to $93 Million as Ethereum Leads Market

Weekly non-fungible token (NFT) sales volume has surged 22.5%, reaching $93 million, according to the latest data.

As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse:

NFT Market Highlights

NFT sales volume increased to $93 million from last week’s $77.6 million.

The Ethereum network has overtaken the Bitcoin network in terms of volume.

NFT buyers almost doubled from last week’s 263,804 to 494,666.

The number of NFT sellers also witnessed a 108% surge, now standing at 252,401.

Ethereum vs. Bitcoin

In the past week, Ethereum has surpassed Bitcoin in NFT sales volume. Ethereum NFT sales volume surged from last week’s $26.6 million to $33.4 million, marking an increase of over 30%.

Bitcoin also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million. However, $5.3 million of Ethereum’s volume accounted for wash trading, significantly higher compared to Bitcoin’s $902,000.

Other Blockchain Platforms

Solana has maintained its third position with a weekly NFT sales volume of $16.6 million. Mythos Chain (MYTH) and Polygon earned the next two spots with $5.5 million and $3.9 million in sales, respectively.

Regarding the number of NFT buyers, Solana has seen a considerable 220% surge from last week’s 60,115 to 192,543.

Top NFT Collections

For over three weeks, DMarket has maintained its position at the top with the highest sales, although sales dropped by almost 30% from last week’s $8.02 million to $5.2 million.

Uncategorized Ordinals is second on the list with $4.86 million in sales, experiencing an 1,800% surge in the last seven days.