NFT Sales Pump 10% This Week, As Investors Buying NFTs Dip 65%

The non-fungible token market has experienced another week of positive gains, marked by a drastic rise in trading sales volume and non-fungible token collection floor price values. The popular non-fungible token collections like CryptoPunks, Bored Ape Yacht Clubs and Pudgy Penguins have seen their NFTs floor price surging more than 10% this week.

Source: nftpricefloor.com, top NFT floor price in the past seven days

NFT Sales Jump 10% This Week

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that the global non-fungible token market has retested positive growth this week. In the past seven days, the global NFT market has attracted a trading sales volume of $108 million, representing a 9.83 % increase from the past week.

During this period, the number of investors buying non-fungible token collections has decreased this week. In the past seven days, the NFT market has seen 288,936 crypto traders buying NFTs. However, this figure has fallen by 65% from the past week. The global NFT market has seen over 2.5 million transactions this week, up 20% from the past week.

Ethereum, the blockchain network hosting Ether and renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has been this week’s top-traded NFT blockchain network. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $32 million. Nonetheless, Ethereum NFT sales have plunged 7.15% in the past week.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this week’s second most-traded NFT blockchain network. In the past seven days, the Solana-based NFT collections have recorded a trading sales volume of $23 million. Solana NFT sales have surged 8.40% from the past week.

Polygon, an Ethereum scaling solution, has been this week’s third most-traded blockchain network in the NFT ecosystem. In the past seven days, the Polygon-based non-fungible token collections have amassed a trading sales volume of $21 million. Polygon NFT sales have surged 88% this week from the past week.

Bitcoin, the blockchain network renowned in the NFT market for powering Ordinals and BRC-20 non-fungible token collections, has been this week’s fourth most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $15 million. Bitcoin NFT sales have plunged 2.27% in the past week.

Mythos Chain, an Ethereum scaling solution and the leading platform for building web3 games on Ethereum, has been this week’s fifth most-traded blockchain network in the NFT ecosystem. In the past seven days, Mythos Chain-based NFT collections have raised a trading sales volume of $4.7 million. The Mythos Chain NFT sales have surged 27% in the past week.

Top Selling NFTs In The Past 7 Days

1. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on Mythos Chain, has been this week’s most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $4.4 million. DMarket NFT sales have surged 29% from the past week.

2. Send It NFT Collection

Send It, a new non-fungible token collection created on the Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens, has been this week’s second most-selling NFT collection. In the past seven days, the Send It NFT collection has raised a sales volume of $3.3 million. The Send It NFT collection has surged +1000% from the past week.

3. Froganas NFT Collection

Froganas, a non-fungible token collection from the digital artist Tee featuring a limited supply of 5555 humanoid frogs hosted on the Solana blockchain network, has been this week’s third top-selling NFT collection. In the past seven days, the Froganas NFT collection has attracted a trading sales volume of $3 million, representing a 67% rise from the past week.

4. DogeZuki NFT Collection

DogeZuki, a non-fungible token collection with a fixed supply of 2,800 Shiba Inu-inspired NFT items hosted on the Solana blockchain network, has been this week’s fourth most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has recorded a trading sales volume of $2.9 million. The DogeZuki NFT trading sales volume has plunged 7.11% from the past week.

5. Guild Of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from Guild of Guardians, a mobile NFT RPG where players take teams of heroes through challenging dungeons to collect resources, has been this week’s fifth most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has attracted a trading sales volume of $2.7 million. The Guild of Guardians NFT sales have surged 13% from the past week.

6. Retardio Cousins NFT Collection

Retardio Cousins, a non-fungible token collection featuring a limited set of 4,444 NFTs hosted on the Solana blockchain network, has been this week’s sixth most-selling NFT collection. In the past seven days, the Ratardio Cousins NFT collection has recorded a trading sales volume of $2.2 million. The Retardio NFT sales volume has surged 405% from the past week.

7. Mocaverse NFT Collection

Mocaverse, a non-fungible token collection from the blockchain gaming behemoth Animoca Brands featuring a limited supply of 8,888 unique beings hosted on the Ethereum blockchain network, has been this week’s seventh most-selling NFT collection. In the past seven days, the Mocaverse NFT collection has raised a trading sales volume of $2.08 million, up 345% from the past week.

8. CryptoPunks NFT Collection

CryptoPunks, another non-fungible token collection managed by the digital asset incubation studio Yuga Labs featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s eighth most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has recorded a trading sales volume of $2.07 million, up 70.13% from the past week.

9. Mad Lads NFT Collection

Mad Lads, a non-fungible token collection from the Solana infrastructure development project Backpack featuring a limited edition of 10,000 NFTs hosted on the Solana blockchain network, has been this week’s ninth most-selling NFT collection. In the past seven days, the Mad Lads NFT collection has recorded a trading sales volume of $1.98 million.

10. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the digital asset firm and toy brand Pudgy Penguins that features a limited supply of 8,888 penguins birds hosted on the Ethereum network, is this week’s tenth most-selling NFT collection. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sales volume of $1.9 million. Pudgy NFT sales have fallen 51% from the past week.

The NFT Market Prediction

From 2021, the non-fungible token market has been growing exponentially. NFT market revenue is projected to grow and reach $2.3 billion in 2024. Revenue is expected to show an annual growth rate of 9.10%, resulting in a projected total of $3.37 billion by 2028. The average revenue per user in the NFT market is expected to reach $138.8 in 2024.