NFT Market Sees Significant Growth Amid Bitcoin’s Historic Surge

The non-fungible token (NFT) market has shown notable growth, with the total sales volume reaching $196.2 million, a 34.23% increase from the previous week. This surge in NFT sales comes as Bitcoin exceeds $100,000 and Ethereum strengthens its position, climbing 3.5% in the last 24 hours to reclaim the $4,000 level.

Global Cryptocurrency Market Capitalization Expands

The global cryptocurrency market capitalization has expanded to $3.67 trillion, a 2.3% increase over the last day. Bitcoin is trading around $99,611, while Ethereum continues to show strong growth.

NFT Market Metrics Show Expansion

The NFT market metrics show expansion across all key indicators:

  • NFT buyers have increased to 693,833, showing a healthy 20.29% growth
  • NFT sellers have grown to 402,069, with a 15.97% increase
  • NFT transactions have slightly decreased by 1.92% to 1,405,054

Ethereum Leads with Major Growth

The Ethereum NFT blockchain has shown the highest performance, nearly doubling its sales volume to $100.9 million, a 97.33% increase in the last seven days. The network has attracted 61,020 buyers, representing a 23.15% growth.

Other Blockchain Performances

Bitcoin’s NFT ecosystem, while maintaining its second position, experienced a slight decline of 6.84%. The sales volume of the Bitcoin network stood at $45.1 million. Solana has maintained its third position with $16.2 million in sales, showing a modest 6.58% increase.

Top NFT Collections

The top NFT collections this week include:

  • Pudgy Penguins with $21.6 million in sales, a 384.26% increase
  • CryptoPunks with $21.3 million in sales, showing impressive growth of 173.86%
  • BRC-20 NFTs with $9.9 million in sales
  • Guild of Guardians Heroes with $8.9 million in sales
  • Uncategorized Ordinals with $8.4 million in sales

Notable Individual Sales

This week’s notable individual sales include:

  • Uncategorized Ordinals #876 sold for $7,512,996 (76.9998 BTC)
  • CryptoPunks #2202 sold for $455,287 (125 ETH)
  • MADinArt 18: iSteef #asset18 sold for $388,073 (365,481.5277 ADA)
  • Azuki #5889 sold for $362,345 (100 ETH)
  • Autoglyphs #328 sold for $328,314 (90 WETH)

This week’s data reflects a maturing NFT market with major growth in both established collections and new entrants. For more news on the cryptocurrency and NFT market, visit Global Crypto News.

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