In the wake of a significant resurgence in the global crypto market, the number of nft purchases has nearly doubled this week, showing solid bullish momentum.
CryptoSlam reported a notable 42.74% increase in the number of investors purchasing NFTs at the end of February, with total nft buyers now standing at 861,918.
Such a surge in interest is part of a broader market surge, whereby nft market volume has skyrocketed by approximately 25.21% this week alone, bringing total market volume to over 381. millions of dollars.
February, as a whole, has been an extremely favorable time for the industry, with 30-day trading volume seeing buyers increase by 964.44% and sellers by 734.09%.
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In terms of 7-day volume in the nft blockchain world, ethereum leads the charge, with its nft sales reaching $148.1 million, up 2.20%. The network is supported by a vibrant community of 99,681 buyers, which has expanded by 28.10%.
Hot on its heels, bitcoin has seen its nft transactions skyrocket to $133.8 million during the same period, experiencing a notable 92.48% increase. It now has a growing network of 47,922 participants, indicating an increase of 46.32%.
Solana also makes a significant contribution to the nft world, with its 7-day nft sales reaching $58.7 million, an increase of 18.98%. Surprisingly, it leads with the highest number of buyers with 314,955, an increase of 60.91% from its previous count.
The 'ordinals without category' bitcoin nft Collection It currently leads the market with a sales volume of $32.09 million, an increase of 181.15%, with transactions increasing by 67.78% to 36,654. The number of buyers and sellers increased by 36.88% and 70.49%, respectively.
Behind it, 'NodeMonkes' on bitcoin reached a volume of $27.77 million, increasing by a whopping 288.41%, thus shedding light on the burgeoning nft space.
Together, each of these CryptoSlam figures underscore a vigorous resurgence of interest and investment in the nft world. Let the confinement come.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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