nft/home” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>The bitcoin network led nft sales with a substantial increase of 50.33%, totaling $47.74 million. Wash trading also increased by 15.39% to exceed $39,000. However, active buyers decreased by almost 96%, with 2,056 addresses participating in trading activities.
ethereum lags behind with $35 million in sales
With $35 million in nft sales, ethereum was close behind, down 0.31% from the previous week. Unlike bitcoin, ethereum registered a higher number of active buyers, despite a 59.67% drop from the previous week.
Polygon saw a 22% increase in sales with nft sales of $19.63 million, while Solana came in fourth place with $18.225 million. Immutable x had a 13.15% increase in sales after doing so.
Source: CryptoSlam
The recent surge in nft market activity indicates broad interest from investors and collectors, extending beyond the major players. The potential for continued expansion in the nft sector is indicated by this widespread resurgence in the community.
Top nft Sales Highlights
With one nft sold for $219,102, the Cardano (ADA) blockchain had the biggest nft sale of the week. ethereum's Cryptopunk #1002 followed closely behind, selling for $193,372. Among the biggest sales was Polygon, with a Matr1x Fire Weapon nft trading for $97,685.
Leading platforms such as Polygon, Solana and bitcoin have different growth rates, suggesting that the market is becoming more varied. Strong sales of collections like bitcoin's PIZZA nft indicate renewed interest from collectors. The recent market crash that presented buying opportunities and the growing utility of nfts in other sectors, which attracted a diverse set of investors, could be factors contributing to this recovery.
Source: CryptoSlam
nfts often benefit from the overall expansion of the cryptocurrency market. Major cryptocurrencies like ethereum and bitcoin often see gains in value online, as do the nft marketplaces that support them.
