As the cryptocurrency market revives, so does the nft sector. This week, the number of nft purchases has almost doubled, showing solid bullish momentum.
CryptoSlam reported a notable 43% increase in the number of investors purchasing NFTs at the end of February, with the total number of nft enthusiasts now standing at 861,918.
This surge in interest is part of a broader surge, whereby nft market volume has skyrocketed by approximately 25% this week alone, surpassing $381 million.
February, as a whole, has been an extremely favorable time for the industry: the 30-day trading volume highlights that nft buyers increased by a tremendous 964% and sellers grew by 734%.
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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 million, up 2.20%. The network is supported by a vibrant community of 99,681 buyers, which has expanded by 28%.
Hot on its heels, bitcoin has seen its nft transactions nearly skyrocket to $134 million during the same span, experiencing a notable 92% increase. It now has a growing network of 47,922 participants, indicating an increase of 46%.
Solana also makes a significant contribution to the nft arena, with its 7-day nft sales reaching nearly $59 million, an increase of 19%. Surprisingly, this network leads with the highest number of nft buyers at 314,955, a 61% increase from its previous count.
The 'ordinals without category' bitcoin nft Collection It currently leads the market with a 24-hour sales volume of $11,530,072, an increase of 233%.
Also shedding light on the burgeoning nft space is that of bitcoin. 'NodeMonkes'. It is currently the second most trending collection, with a daily sales volume of $10,723,233, increasing a whopping 204%.
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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