🌎 NFT Market Sees 22% Surge Amid Crypto Volatility

NFT Market Continues to Grow Amidst Crypto Price Fluctuations

The NFT market has seen a significant surge in sales volume, reaching $198.1 million, a 22.44% increase from the previous week. This growth is accompanied by a notable influx of new traders, with both buyers and sellers experiencing substantial increases.

NFT Market Metrics Show Growing Activity

The weekly metrics indicate a strong market performance:

NFT sales volume rose to $198.1 million from $164.3 million
NFT buyers increased by 62.09% to 447,099
NFT sellers grew by 44.53% to 319,002
Transactions dipped by 4.04% to 1,413,428

Crypto Market Cap Edges Down

According to CoinMarketCap data, the overall crypto market cap has decreased to $3.58 trillion from last week’s $3.6 trillion.

Ethereum NFT Sales Experience a Spike

Ethereum NFT sales have seen a significant increase of 41.56% to $116.2 million, with 48,616 buyers participating. However, Bitcoin NFT sales declined by 7.82% to $25.5 million, despite a 44.72% growth in buyer numbers.

Other Blockchain NFT Sales

Other notable blockchain NFT sales include:

Solana increased by 21.40% to $18.1 million, with 160,057 buyers
Mythos Chain held fourth place with $13.0 million, up 2.00%
Immutable took fifth with $7.2 million, rising 20.02%

NFT Collections See Strong Growth

Several NFT collections have experienced significant growth:

Azuki doubled its lead with $29.3 million in sales, up 106%
Milady Maker burst into second place with $11.4 million, posting an 891.32% surge
Pudgy Penguins held steady in third with $11 million, growing 27.09%
Azuki Elementals took fourth with $9.5 million, up 49%
CryptoPunks rounded out the top five with $8.2 million despite a 3.72% drop