NFT sales surged 77% to over $500 million last week as Bitcoin leads NFT sales

The non-fungible token market has seen a significant increase in activity in recent days, with most of the increased trading sales volume coming from bitcoin-based NFTs. In this article, we will explore the state of the nft market over the last seven days.

nft sales increased by 77% last week

Data collected by CryptoSlam.io, an on-chain marketplace aggregator, indicates that the nft market has seen a surge in sales in recent days. Over the past seven days, the global non-fungible token market has attracted a trading volume of $577 million, representing a 77.29% increase from last week.

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Non-fungible token collections hosted on bitcoin, the blockchain network that powers the flagship cryptocurrency bitcoin (btc), were the most traded last week. bitcoin-based NFTs have accumulated a trading volume of $362 million over the past seven days. bitcoin-based NFTs are up 223% from the previous week.

Source: CryptoSlam.io, Blockchain nft sales

Digital collectibles hosted on ethereum, the blockchain network that used to dominate the nft market before bitcoin's BRC-20 nft rally, are the second most traded last week. ethereum-based NFTs have recorded a trading volume of $91 million in the last seven days. bitcoin has tripled ethereum's trading sales volume.

Non-fungible token collections hosted on Solana, the decentralized blockchain network that uses a proof-of-stake consensus mechanism, and Polygon, an ethereum scaling network, were the third and fourth most traded nft collections last week. Over the past seven days, Solana NFTs have amassed a trading volume of $90 million, while Polygon NFTs have raked in a trading volume of $12 million.

Ten best-selling NFTs last week

BRC-20s, the collection of non-fungible tokens created exclusively on the bitcoin blockchain network using the BRC-20 protocol, similar to the famous ERC-20 NFTs, were the best-selling nft collection in the last seven days. $SAT BRC-20 has been the best-selling nft collection last week, attracting a trade sales volume of $43 million.

Source: CryptoSlam.io, Best Selling NFTs

$RAT and $MICE, animal-inspired crypto tokens created on the bitcoin blockchain network using the BRC-20 protocol, were the second and third best-selling nft collections last week. Over the past seven days, these BRC-20 nft collections have accumulated a trade sales volume of $36 million and $29 million, respectively.

Source: CryptoSlam.io, Best Selling NFTs

bitcoin Ordinals, a non-fungible token collection that first hit the nft market earlier this year, was the fourth most traded nft collection last week. bitcoin Ordinals has recorded a trading volume of $21 million in the last seven days. bitcoin-based NFTs dominate the nine spots in the top ten best-selling ranking. The first ethereum-based nft takes position nine.

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