NFTs Are Mooning Again – NFT Sales Jump 40% In The Past 7 Days

Updated: 16 November 2023

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The global non-fungible token market continues flourishing, giving collectors and traders the impression that NFTs are here to stay. In the past several months, NFTs have suffered a brutal comedown before retesting an uptrend earlier this month. In this article, we shall assess the state of NFTs in the past seven days:

Data fetched by CryptoSlam.io, an on-chain data aggregator, shows that the global NFT market has surged in sales volume this week. In the past seven days, the global NFT market has amassed a trading sales volume of $238 million, representing a 40% spike from the previous week. The last time the NFT market hit such a high was earlier this year.

Bitcoin Ordinals Lead The Short Bull Run

Non-fungible token collections hosted on the Bitcoin blockchain network led the NFT market this week, outperforming the dominant Ethereum NFTs. In the past seven days, Bitcoin NFTs have attracted a trading sales volume of $100 million, while Ethereum-based NFTs have amassed a sales volume of $93 million. Bitcoin Ordinals are up 69%, while Ethereum NFTs are up 13.48%.

Source: CryptoSlam.io, NFT sales by blockchain in the past 7 days

This week, digital collectibles hosted on Solana and Polygon blockchain networks are the third and fourth most traded NFT collections. In the past seven days, the Solana-based NFT collection has amassed a trading sales volume of $17 million, while Polygon-based NFTs have recorded a sales volume of $ 6.4 million. Solana and Polygon-based NFTs are up 165% and 43%, respectively.

Non-fungible tokens hosted on Mythos Chain and Arbitrum are the fifth and sixth most traded NFT collection this week. In the past seven days, Mythos chain-based NFTs have recorded a trading sales volume of $6.3 million, while Arbitrum NFTs have amassed a sales volume of $5.7 million.

Five Most Traded NFTs In The Past 7 Days

Source: CryptoSlam.io, Top Selling NFTs In The Past 7 Days

1. $SAT BRC-20 NFTs

$SAT BRC-20, an NFT collection hosted on the Bitcoin network, has been the top selling in the past seven days. During this period, $SAT BRC-20 has amassed a trading sales volume of $32 million. $SAT BRC-20 NFT sales volume is up 9.18% in the past seven days.

2. CryptoPunks NFT Collection

CryptoPunks, an NFT collection previously from the digital asset incubation Larva Labs but now owned by Yuga Labs, has been the second-selling NFT collection this week. In the past seven days, the CryptoPunks NFT collection has recorded a trading sales volume of $15 million. CryptoPunks NFT sales are up 95%n during this period.

3. Bored Ape Yacht Club NFT

Bored Ape Yacht Club, an NFT collection from the digital asset firm Yuga Labs featuring a fixed set of 10,000 NFTs hosted on the Ethereum network, has been the third most traded NFT collection this week. In the past seven days, Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $12 million, representing a 27% spike from the previous week.

4. $RAT BRC-20 NFTs

$RAT BRC-20, another NFT collection hosted on Bitcoin blockchain networks, has been the fourth most-selling NFT collection this week. In the past seven days, $RAT BRC-20 NFTs have raised a trading sales volume of $12 million. $RAT BRC-20 NFT sales volume is up 69% from the previous week.

5. $BTCs BRC-20 NFTs

$BTCs BRC-20, another NFT collection hosted on the Bitcoin blockchain network, has been the fifth most traded NFT collection this week. In the past seven days, $BTCs BRC-20 has amassed a trading sales volume of $6.9 million, representing a 252% spike from the previous week.

Token Vesting Plans #284 has been the most expensive NFT collection, selling for $3.4 million eleven hours ago. Uniswap V3 Positions NFT-V1 #07 has been the second most expensive NFT collection this week, selling for $922,163. $BTCs BRC-20 has been the third most expensive NFT collection this week, selling for $376,307 seven hours ago.