NFT Frenzy Returns - Weekly NFT Sales Soar +94% To $165M, The Highest Since April 2024

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The global non-fungible token market has started to show signs of life again after a rather dull performance in the past several months. The NFT market has seen a spike in activities recently, with some floor prices climbing above 30 ether, a 10% surge from an initial high in April 2024. The rapid growth of NFTs came amid surging crypto prices, potentially fueling interest and investment.

NFT Sales Jump +94% To $164M This Week

Data compiled by CryptoSlam.io, an on-chain cryptocurrencies market data aggregator and a multi-chain non-fungible token explorer backed by Mark Cuban, shows that the global non-fungible token market has recorded exponential positive growth this week. In the past seven days, the NFT market has attracted a trading sales volume of $165 million, representing a 94% increase from the past week.

During this period, the number of investors buying non-fungible tokens has exponentially surged this week. In the past seven days, the NFT market has seen $265,097 crypto investors buying NFTs, representing an 822% surge from the past week. During this time, the global NFT market has seen 172,891 traders selling their NFTs, marking a 666% surge from the past week. These NFT trading activities have pushed transactions to 1.2 million in the past week.

Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has been this week’s top-traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFTs have raised a trading sales volume of $61 million, representing 126% from the past week. The surge in ETH’s NFT market, reaching a ten-month high in sales volume, serves as a compelling confirmation of the ongoing NFT Bull Run.

Bitcoin, the blockchain network renowned in the NFT market for powering the Ordinals, Runes, and BRC-20 non-fungible token collections, has been this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $57 million. During this period, the Bitcoin NFT trading sale volume has surged by 178% from 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 third most-traded blockchain network in the NFT market. In the past seven days, the Solana-based NFT collections have recorded a trading sales volume of $24 million. During this period, the Solana NFT trading sales volume has surged by 86% from the past week.

Mythos Chain, an Ethereum scaling solution network and the leading platform for building web3 games on Ethereum, has been this week’s fourth 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 $10 million. Nonetheless, the Mythos Chain NFT sales have plunged by 150% from the past week.

Immutable X, a layer-2 scaling solution blockchain network providing an NFT infrastructure on the Ethereum blockchain and envisioned to power the next generation of Web3 games, is this week’s fifth most-traded blockchain network in the NFT market. In the past seven days, the Immutable-based NFTs have amassed a trading sales volume of $4.6 million, up 20% from the past week.

Top Selling NFTs In The Past 7 Days

1. $?? BRC-20 NFT Collection

$??, an ordinal collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s most-traded collection in the NFT market. BRC-20 tokens are a type of fungible token that can be created and transferred on the Bitcoin blockchain. They are built on the Bitcoin network and use the Ordinals protocol to mint and transfer tokens. In the past seven days, the $?? BRC-20 NFT collection has recorded a trading sales volume, up 355% from the past day.

2. CryptoPunks NFT Collection

CryptoPunks, a renowned non-fungible token collection featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s second most-selling NFT collection in the NFT market. The Punk NFT collection was previously created by Larva Labs but is now managed by the digital asset firm Yuga Labs. In the past seven days, the Punks NFT collection has raised a sales volume of $15 million, up 834% from the past week.

3. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a non-fungible token collection of 10,001 unique profile pictures hand-drawn in MS Paint by the digital artist Le Puppeteer Fou, “The Puppetmaster,” is this week’s third most-selling NFT Collection in the NFT market. In the past seven days, the Bitcoin Puppets collection has amassed a trading sales volume of $6.7 million, representing a 217% surge from the past week.

4. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain blockchain network, has been this week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $5.6 million. During this period, the DMarket NFT trading sales volume has surged 0.74% from the past week.

5. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token collection that features a limited edition of 10,000 pixilated ordinals hosted on the Bitcoin blockchain network, is this week’s fifth most-traded NFT series in the NFT market. In the past seven days, the NodeMonkes NFT collection has recorded a sales volume of $4.2 million. During this time, the NodeMonkes NFT trading sales volume has surged by 162% from the past week.

6. Guild Of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from the Guild of Guardians, a mobile role-playing game that allows players to take teams of heroes through challenging dungeons to collect redeemable resources, has been this week’s sixth most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has attracted a trading sales volume of $3.6 million. The Guild of Guardians NFT sales have surged by 26% in the past week.

7. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a non-fungible token collection from the digital asset firm Yuga Labs that features a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s seventh most-selling NFT collection in the NFT market. In the past seven days, the Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $3.1 million, up 99.99% from the past week.

8. Doodles NFT Collection

Doodles, a non-fungible token collection from the digital artist Burnt Toast featuring a limited supply of 10,000 cartoon arts hosted on the Ethereum blockchain network, is this week’s eighth most-traded NFT collection in the NFT market. In the past seven days, the Doodles NFT collection has amassed a trading sales volume of $2.9 million. Doodles NFT sales volume has surged 1,216% from the past week.

9. ZereBorn NFT Collection

ZereBorn, a non-fungible token collection that features a limited set of 5,500 NFTs hosted on the Solana blockchain network, is this week’s ninth most-traded NFT collection in the NFT market. In the past 24 hours, the ZereBorn NFT collection has recorded a trading sales volume of 2,887 SOL. ZereBorn has a market capitalization of over $3.6 million and a floor price of 664 SOL.

10. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the digital asset firm and toy brand Igloo that features a limited set of 8,888 penguins birds hosted on the Ethereum blockchain network, is this week’s tenth most-selling NFT collection in the NFT market. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sales volume of $2.8 million. The Pudgy Penguins NFT sales volume has surged by 78% from the past week.