NFT Market Surges as Sales Hit $144.8 Million
The NFT market has seen a notable boost, with sales soaring by 37.10% to reach $144.8 million. This impressive growth,according to CryptoSlam, is the largest weekly increase in recent times. The rise aligns with Bitcoin’s (BTC) recent surge to $105,000. Ethereum (ETH) also saw a modest 2.5% rise over the past week. The global crypto market cap climbed slightly from $3.28 trillion to $3.29 trillion.
Buyer interest is at an all-time high. The number of NFT buyers jumped by 50.56%, totaling 1,061,348. Sellers increased by 8.09%, reaching 38,494. Transactions grew by 7.88%, hitting 1,749,437. This surge mirrors Bitcoin’s performance, while Ethereum’s value climbed slightly.
Immutable (IMX) has taken the lead in sales, overtaking Ethereum. It recorded $41.7 million in sales, a 156.01% jump. Ethereum, now in second place, saw a 6.69% rise to $31.5 million. Bitcoin’s success has fueled this trend. The market’s enthusiasm is evident, with more people buying and selling NFTs.
Immutable’s dominance is a game-changer. It grabbed the top spot with $41.7 million in sales. Ethereum, previously the leader, now stands at $31.5 million. Bitcoin and Polygon (POL) are also performing well. Thay saw increases of 22.55% and 32.91%, respectively. This shift shows how quickly the landscape can change. The top five blockchains are Immutable, Ethereum, Bitcoin, polygon, and Mythos Chain. These platforms are attracting more users. The buyer count rose by 50.56%, showing the market’s dynamism.This shift highlights the competition among blockchains.
Key collections like Guild of Guardians Heroes are thriving. It earned $24.7 million. Courtyard on Polygon is second with $17.2 million. Guild of Guardians Avatars and DMarket follow, with $10.3 million and $8.9 million, respectively. The Ordinals on Bitcoin made a big leap, soaring by 1,556.66%. It reflects the market’s evolving nature.
- Immutable leads with $41.7 million in sales.
- Ethereum’s wash trading fell by 2.91%.
Notable sales include CryptoPunks fetching high ETH prices.However, CryptoPunks is no longer in the top five collections.
