NFT Sales Surge to $85.9M, Ethereum Dominates

Key Trends in NFT Sales

Along with the increase in sales volume, the number of NFT buyers has also surged by 21.73%. The current data reveals that there are now 794,763 NFT buyers, while the number of sellers has decreased to 377,711. This trend indicates a growing interest in NFTs and a more favorable market environment for sellers.

Transaction Volume on the Rise

Supporting the rise in sales volume, NFT transactions have increased significantly by over 64.72% in the last week, reaching a total of 1,295,201 transactions. This surge in activity highlights a robust market that is attracting both new and returning participants.

Ethereum Dominates NFT Sales

Ethereum (ETH) continues to lead the NFT market, securing the top spot with $27.48 million in sales volume. However, it’s important to note that approximately $3.3 million of this figure can be attributed to wash trading. The number of Ethereum NFT buyers has also risen by 12.49%, currently standing at 55,859.

Other Leading Networks

Following Ethereum, Bitcoin (BTC) ranks second with $12.62 million in total sales, although it has seen a 40% decline in sales over the past week. Solana (SOL) comes in third with $11.8 million in sales. The following networks also reported significant sales:

• Mythos Chain (MYTH): $11.8 million
• Polygon (POL): $10.6 million
• Binance Coin (BNB): $3.35 million

Bitcoin and Solana accounted for $887,810 and $701,810 in wash trading, respectively. Among these networks, Solana recorded the highest number of buyers, totaling 393,044.

Top NFT Collections of the Week

DMarket has emerged as the NFT collection with the highest sales this week, amassing a total of $11.29 million through over 396,801 transactions. Following DMarket, the notable collections include:

• Guild of Guardians: $3.19 million in sales from 5,389 transactions
• CryptoPunks: $2.89 million in sales

Noteworthy NFT Sales

Several high-value NFT sales have captured attention during this period. Here are some of the top sales:

• Autoglyphs #209 sold for $240,347.95 (99 ETH)
• Known Origin #70104 sold for $200,000 (200,000 USDC)
• Autoglyphs #512 sold for $160,000 (160,000 USDC)
• Autoglyphs #293 sold for $150,008.23 (56 WETH)
• Beeple Special Edition #100030016 sold for $123,542.80 (50 WETH)

Conclusion

The NFT market is showing signs of vitality with a remarkable increase in sales volume and buyer participation. Ethereum’s dominance in the market remains strong, but other networks like Bitcoin and Solana are also contributing to the overall growth. As we continue to see rising transaction volumes and significant sales, the landscape for NFTs appears promising for both buyers and sellers alike.