🌎 NFT Sales Surge 28% Reaching $40.4 Million

Non-Fungible Token (NFT) Sales Surge 28% in 24 Hours, Reaching $40.4 Million

The crypto market has been on a bullish streak, and non-fungible tokens (NFTs) have seen a significant spike in daily sales. According to recent data, NFT sales increased by 28% in the past 24 hours, reaching $40.4 million. This is the highest level of trading volume for the sector in over seven months, last seen in late April.

Top Performing Blockchain Networks

Ethereum is leading the pack with $26.4 million in daily sales, followed by Bitcoin and Solana with $6.3 million and $2.5 million in trading volume, respectively.

NFT Sales and Market Trends

The total number of NFT buyers has increased by 7% to 41,000, while the number of sellers is hovering close to 30,000 addresses. Despite a 4% dip, CryptoPunks is leading with $5.6 million in daily sales. The Bored Ape Yacht Club collectibles registered a 15% increase in their 24-hour volume to $3.2 million.

According to market data, the floor prices of CryptoPunks, BAYC, and Pudgy Penguins — the top three NFT collections by market cap — have increased to $162,000, $85,900, and $54,500, respectively.

Notable NFT Sales

Cardano recorded the most expensive NFT sale of the day, with the Cardano-based 8-bit Zombie #0388 collectible sold for over $388,000. The total amount of sales on the Cardano network reached $594,000 with 266 buyers and 28 sellers in the past 24 hours.

Last week, the total NFT sales volume reached $146.5 million. This surge in NFT sales comes as the cryptocurrency market recorded an impressive run after the U.S. elections.

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