The weekly sales volume of non-fungible tokens has increased by 22.5% and now stands at $93 million, according to the latest data.
As the cryptocurrency market shows slow signs of recovery, the nft market is enjoying a surge in volume and other metrics. Here's a little look:
- nft sales volume increased to $93 million from $77.6 million last week.
- The ethereum (eth) network has dethroned the bitcoin (btc) network in terms of volume.
- nft buyers nearly doubled from 263,804 last week to 494,666.
- The number of nft sellers also saw a 108% increase and stands at 252,401.
ethereum versus bitcoin
bitcoin, which has maintained its top position, has been dethroned by ethereum in terms of sales volume in the last seven days.
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ethereum nft sales volume has increased from $26.6 million last week. Sales have seen an increase of more than 30% and amount to $33.4 million at press time.
bitcoin has also shown a 36% increase, with a weekly sales volume of $21.6 million.
However, when it comes to ethereum, $5.3 million of the volume represented wash trades. This is considerably higher compared to the bitcoin wash trade of $902,000.
cryptoslam data shows that Solana (SOL) has remained firm in its third position, just like last week. Solana's weekly nft sales volume amounted to $16.6 million.
Mythos Chain (MYTH) and Polygon (POL) took the next two spots in the rankings with $5.5 million and $3.9 million in sales, respectively.
Regarding the number of nft buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% increase from last week's 60,115.
DMarket has maintained its first position for more than three weeks
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Like the last two weeks, DMarket maintains its ranking with the highest sales: 5.2 million dollars. However, sales are down almost 30% from last week's $8.02 million.
Uncategorized Ordinals is second on the list with $4.86 million in sales. This nft collection has seen a 1,800% increase in sales in the last seven days.
According to Cryptoslam, these are the top nft sales of the last seven days:
- Ordinal Maxi Biz (OMB) #882b65…a96ei0 sold for $109,079 (1.5942 btc).
- Ordinal Maxi Biz (OMB) #32b13f…6c26i0 sold for $91,085.87 (1.3371 btc).
- Ordinal Maxi Biz (OMB) #591165…c718i0 sold for $87,895.17 (1.2857 btc).
- CryptoPunks #6409 sold for $79,237.16 (29.99 eth).
- CryptoPunks #8135 sold for $78,503.09 (29.75 eth).
