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The NFT market is showing signs of strong recovery, with sales volume rising by 22.43% to $107.1 million. Recent data indicates an increase in both buyer and seller activity, alongside a surge in transaction numbers.

NFT Market Metrics Show Positive Growth

According to the latest statistics, the number of NFT buyers increased by 33.82%, reaching 523,950, while NFT sellers grew by 20.75%, totaling 269,713. Additionally, NFT transactions rose by 22.68%, hitting 1,711,931. These metrics reflect a renewed interest in the NFT space and suggest growing activity among investors and collectors.

Cryptocurrency Market Recovery Boosts NFT Growth

The recovery in the cryptocurrency market has contributed to this upswing in NFT activity. Bitcoin recently climbed back to the $96,000 level, while Ethereum saw a 1.6% recovery over the last seven days, hovering around the $1,800 mark. The global crypto market cap has also increased to $3 trillion, up from last week’s $2.97 trillion.

Ethereum Maintains Dominance in NFT Sales

Ethereum continues to lead blockchain NFT sales, generating $26.3 million in sales—a 10.03% increase from the previous week. Notably, Ethereum’s wash trading decreased by 13.89%, settling at $3.1 million.

Polygon has surged to second place with $19.8 million in sales, marking an impressive growth of 102.45%. Mythos Chain holds the third position with $14.5 million in sales, though showing a slight decline of 3.93%. Meanwhile, Bitcoin ranks fourth with $13.5 million in sales, reflecting a 7.18% decrease.

Top Blockchains by NFT Sales Volume

BNB Chain has made it into the top five blockchains with $9.5 million in sales, up by a remarkable 160.48%. Solana rounds out the list with $9.2 million in sales, showing modest growth of 3.45%.

Leading NFT Collections by Sales

Among NFT collections, Courtyard on Polygon has reclaimed the top spot, generating $17.3 million in sales—a 98.93% increase. The collection also saw a surge in transactions (91.39%) and buyers (91.91%).

DMarket remains in second place with $9.4 million in sales, despite a slight decline of 5.04%. Guild of Guardians Heroes climbed to third place with $5.5 million in sales, reflecting growth of 52.08%.

DKTNFT on BNB Chain entered the rankings at fourth place, recording $4.8 million in sales. Impressively, this collection experienced a staggering growth of 334,637.93% in sales and a 37,525% increase in transactions.

CryptoPunks fell to fifth place with $3 million in sales, down by 16.73%. The collection saw declines across multiple metrics, including transactions (-18.42%), buyers (-58.82%), and sellers (-46.15%).

Other Notable NFT Collections

Pudgy Penguins showed signs of recovery in seventh place, generating $2.4 million in sales—an increase of 65.87%. The collection saw growth in transactions (24.10%) and sellers (28.07%), although buyer numbers remained flat.

High-Value NFT Sales of the Week

This week featured several high-value NFT sales across various collections:

  • Pudgy Penguins #6873 sold for 200 WETH ($360,238)
  • CryptoPunks #6472 sold for 144 ETH ($264,271)
  • CryptoPunks #2892 sold for 125 ETH ($231,157)
  • BOOGLE #5DmKCchdChjStzLdsRVLMdSYzfB4w1ecdL5 sold for 1,400.02 SOL ($203,520)
  • Autoglyphs #168 sold for 85 ETH ($155,713)

The NFT market’s recovery highlights growing investor confidence and increased activity across multiple blockchains and collections. As cryptocurrencies continue to stabilize, the NFT space is expected to flourish further.

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