Finally, NFTs Are Pumping Again After A Long Bear – NFT Sales Jump 1.75% This Week

Updated: 07 June 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

The non-fungible token market has finally returned to its initial positive trend after suffering a downward spiral for more than two months. The global NFT market began tanking in early March after the initial market hype that fueled its resurgence faded. The NFT market has surged 1.75 % this week.

NFT Sales Jump 1.75 % In The Past 7 Days

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that the non-fungible token market has finally broken its resistance level and recorded some positive growth this week. In the past seven days, the NFT market has amassed a trading sales volume of $128 million, representing a 1.75% surge from the past week. During this time, crypto investors buying NFTs have surged 27% to 1.15 million.

Ethereum has been the most traded blockchain network in the NFT ecosystem this week. In the past seven days, Ethereum-based non-fungible token collections have recorded a trading sales volume of $37 million, representing a 7.03% surge from the past week.

Bitcoin has been the second most-traded blockchain network in the NFT market this week. In the past seven days, the Bitcoin-based non-fungible token collection has amassed a trading sales volume of $31 million. Nonetheless, Bitcoin NFT sales volume has plunged 9.12% from the past week.

Solana and Polygon have been the third and fourth most-traded NFT blockchain networks this week. In the past seven days, the Solana-based NFT collections have recorded a trading sales volume of $19 million, while Polygon-based NFT collections have amassed a sales volume of $16 million. Solana and Polygon NFT sales have surged 3.83% and 6.68%, respectively.

Five Top Selling NFTs This Week

1. Guild Of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from Guild of Guardians, a mobile NFT RPG, has been this week’s most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has attracted a trading sales volume of $6.9 million. The Guild of Guardians NFT sales have surged 22% from the past week.

2. Moon Girl NFT Collection

Moon Girl, a non-fungible token collection created on Polygon, an Ethereum scaling solution network featuring a limited edition of 10,000 NFT collections, has been this week’s second most-selling NFT collection. In the past seven days, Moon Girl has recorded a trading sales volume of $4.9 million. Moon Girl NFT sales have surged more than 1000% this week.

3. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset firm Yuga Labs that features a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, has been this week’s third most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club has amassed a trading sales volume of $4.9 million. The Bored Ape NFT trading sales volume has surged 85 % this week from the past week.

4. 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 fourth most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $4.8 million. DMarket NFT sales have plunged 9.4% from the past week.

5. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a non-fungible token collection created on the Bitcoin blockchain network using the Ordinal protocol, has been this week’s fifth most-selling NFT collection. In the past seven days, Bitcoin Puppet has amassed a trading sales volume of $4.1 million, closing our five top-selling NFT collections this week.