🌎 NFT Sales Surge 23.4% Led by Ethereum, Solana, and Polygon

The non-fungible token (NFT) market saw a 23.4% increase in sales between August 19 and 24. Ethereum is leading the market, followed by Solana and Polygon.

In the past week, data shows that sales volumes in the broader NFT market surged by 23.4%, reaching just under $100 million. This rise was accompanied by a nearly 43% increase in NFT buyers, totaling 468,822, and a 41% jump in sellers, reaching 223,433.

Additionally, the market recorded over 1.8 million transactions. NFT traders are showing increased interest in established blue-chip collections and new projects.

Ethereum Maintains Stronghold

Ethereum continues to dominate the NFT space, with sales hitting $36.4 million, a 34% increase from the previous week.

Solana also showed strong performance, recording $18.45 million in sales, reflecting a 14.70% increase. The number of buyers on Solana rose by an impressive 61.18% to 202,167.

Polygon’s weekly sales volume increased by over 90%, reaching $12.49 million. The number of NFT buyers on Polygon rose by 37.77% to 84,505.

Notable NFT Sales and Collections

This week saw some major individual NFT sales. On Arbitrum, the gETH Locked Deposit #158 fetched $256,513, making it one of the highest sales of the week.

Ethereum’s Zoth_Nibiru_Pool1 #4 also made headlines with a $250,000 sale, while Solana’s BOOGLE #61 sold for $201,200, marking the third-highest price of the week.

CryptoPunks and DMarket Shine

CryptoPunks, built on Ethereum, took the top spot with more than $7.4 million in weekly sales from just 102 transactions, a 292% rise from the previous week.

On the Mythos chain, DMarket generated $4.99 million in sales across 195,143 transactions, establishing itself as a significant player in the NFT ecosystem.

Bored Ape Yacht Club maintained its relevance with a 21.46% increase in sales, bringing in $3.58 million.

Although sales from The Guild of Guardians collection on Immutable dropped by 12.25%, it still remained in the top five, earning slightly more than $3 million.

Rounding up the top five collections by sales volume was Sorare, which had about $2.6 million in sales. However, this was a 27% drop from the previous week, accompanied by a more than 12% decline in transactions.