Ethereum Leads Weekly NFT Sales Surge
Date: 2024-02-25 Author: Dima Zakharov Categories: BLOCKCHAIN
Ethereum Dominates NFT Sales
Sales of NFTs (Non-Fungible Tokens) surged by 17% this week, reaching a staggering $306,079,000 in total transactions. Ethereum emerged as the top platform for NFT sales, with a volume of $145.91 million. Compared to the previous week, Ethereum-based NFT sales grew by 8.58%, driven by popular projects like Pandora and Bored Ape Yacht Club (BAYC).
Bitcoin's Resurgence in NFT Sales
NFT sales based on Bitcoin also saw a significant increase, reclaiming the second spot in weekly sales volume. According to data from cryptoslam.io, Bitcoin-based NFT sales totaled $70.96 million this week, marking a 75.20% increase from the previous week. Interestingly, the surge in sales was fueled by an 83.9% increase in transactions without sequential captions.
Other Platforms' Performance
Solana witnessed a slight decline of 5.54% in NFT sales, totaling $48.81 million compared to the previous week. Mythos Network secured the fourth position with sales slightly exceeding $7 million, reflecting an 11.82% increase. Similarly, NFT sales on the BNB Chain surged by 92.07%, accumulating just over $7 million over the seven-day period.
Notable Highlights and Records
During the last week, sales of Arbitrum and Stargaze NFTs experienced significant growth. Pandora emerged as the top-selling digital collection of the week, generating sales of $35.34 million. However, sales of the series dropped by 24.11% compared to the previous week.
Uncategorized Ordinals claimed the second spot with $12 million in sales, followed by BAYC with $8.64 million. BAYC saw a remarkable surge of 183.47% in sales over the seven-day period. Nodemonkes, based on Bitcoin, garnered $7.47 million, representing a 239.63% increase this week.
Pandora's collection boasted the highest-priced NFT sale of the week, with Pandora #57023 fetching $1.55 million. Several Cryptopunks and BAYC NFTs also reached record prices, with Cryptopunk #3167 selling for $449,869 and Bored Ape #7616 fetching $330,633.
Conclusion
The booming NFT market continues to demonstrate significant growth, with Ethereum leading the surge in weekly sales. As various platforms and collections achieve record-breaking transactions, the future of NFTs remains dynamic and promising.
