Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.
Digital Collectibles Spike in Activity as Ethereum and Bitcoin Top the NFT Charts
NFTs enjoyed an increase in sales and activity this week. The number of digital collectible sellers rose by 107.92%, the number of NFT buyers jumped by 87.54%, and the 1,947,124 NFT transactions this week were around 15% higher than the week prior. Metrics collected by cryptoslam.io indicate that Ethereum was this week’s top blockchain in terms of NFT sales. $33.61 million was collected which was a rise for Ethereum, up 31.7%.
Bitcoin took the second position in terms of NFT sales gathering $21.41 million during the course of the week. Bitcoin-centric NFT sales are up 35.6% higher than the previous week. In third place, Solana-based digital collectible sales saw $16.69 million which was a rise of 40.87%. The Mythos NFT collection Dmarket was the top compilation this week raking in $5.23 million, but Dmarket sales are down 31.09% lower than last week.
Bitcoin’s Uncategorized Ordinals collection took the week’s second spot in terms of high-ranking sales for NFT collections. Uncategorized Ordinals managed to snag $4.86 million, up a significant 1,816% compared to last week. The third position in sales was the Immutable X collection Guild of Guardians (GoG). GoG managed to record $3.02 million, which is a modest 1.39% increase.
The priciest NFT sold this week was an Uncategorized Ordinal that fetched $4.55 million. The second most expensive digital collectible sold was an Ethereum-based Tokenvestingplans NFT which sold for $913,526. Lastly, a BNB Chain-centric Lockndeal NFT sold for $114,511 three days ago. The latest data hints at a renewed interest in digital collectibles, reflecting increased participation across major blockchains and NFT collections.
While Ethereum and Bitcoin continue to dominate, the resurgence in Bitcoin Ordinals and Solana-based sales highlights shifting dynamics in the NFT ecosystem. This week’s standout sales highlight a growing diversification within the NFT market, indicating evolving preferences among buyers and sellers alike. It’s logical that the NFT market is aligning with the broader crypto market’s recent growth.
What are your thoughts on this week’s NFT action? Let us know what you think in the comments section below.