NFT Sales Jump +11% To $128M This Week

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The global non-fungible token market has recorded positive growth again this week, recording a trading sales volume of $128 million, up 11% in the past seven days. This growth is likely driven by a combination of increasing mainstream adoption, advancements in technology, and changing consumer preferences. In this article, we shall explore in-depth the full state of the NFT market this week as well as what traders should expect in the coming week and beyond.

NFT Sales Rise +11% This Week

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has surged in trading sales volume again this week. In the past seven days, the NFT market has raised a trading sales volume of $128 million, up 11% from the past month. The NFT market raised a trading sales volume of $115 million last week, up 10% from the previous month.

Ethereum, the blockchain network renowned in the global NFT market for powering the majority of blue-chip non-fungible token collections, is this week’s market leader. In the past seven days, the Ethereum-based NFTs have raised a trading sales volume of over $40 million. During this time, the Ethereum NFT trading sales volume has surged by 7.35% from the previous week.

Bitcoin, the blockchain network renowned in the NFT market for powering the popular Runes, BRC-20, and Ordinal collections, is this week’s second most-traded blockchain network in the NFT market. In the past seven days, the Bitcoin-based NFT collection has recorded a trading sales volume of $22 million. During this time, the Bitcoin NFT sales volume has risen by 42% from the past week.

Source: CryptoSlam

Polygon, a renowned scaling solution blockchain network on the Ethereum, is this week’s third most-traded network in the NFT market. In the past seven days, the Polygon-based NFT series has recorded a trading sales volume of $13 million. During this period, the Polygon-based NFT trading sales volume has plunged by 27% from the past week. The Courtyard NFT collection has been the major contributor to the Polygon NFT growth.

Mythos Chain, a specialized gaming blockchain network designed to support a Mythical gaming ecosystem, is this week’s fourth most traded blockchain network in the NFT market. This NFT ecosystem aims to empower players and creators within the gaming industry, allowing them to participate in the value chain and own their in-game assets. In the past seven days, the Mythos Chain NFT collection has amassed a trading sales volume of $13 million.

Immutable, a scaling solution for the Ethereum blockchain that focuses on NFT gaming, offering a faster, more scalable, and cost-effective environment for NFT transactions and minting, is this week’s fifth most-traded blockchain network in the global NFT market. In the past seven days, the Immutable-based NFT series has amassed a trading sales volume of $8.5 million. During this time, the Immutable NFT trading sales volume has surged by 11% from the past week.

Top Selling NFTs This Week

1. Courtyard NFT Collection

Courtyard, a non-fungible token collection from Courtyard.io, a platform that allows users to tokenize and trade physical collectibles, such as Pokémon cards, sports cards, sneakers, and more, as NFTs on the Polygon blockchain, has been the most-traded NFT collection this week. In the past seven days, the Courtyard NFT series has raised a trading sales volume of $9.9 million. During this time, the Courtyard NFT sales volume has plunged by 42% from the past week.

2.DMarket NFT Collection

DMarket, a non-fungible token collection from DMarket, an NFT and virtual in-game items market platform for the metaverse, has been the second most-selling NFT collection in the NFT market this week. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $8.4 million. During this time, the DMarket NFT trading sales volume plunged by 17.23% from the past week.

Source: CryptoSlam

3. CryptoPunks NFT Collection

CryptoPunks, a globally acknowledged non-fungible token collection featuring a limited set of 10,000 pixilated NFT collections previously created by the digital asset incubation studio Larva Labs but now managed by Node Infinite Foundation (NODE,) is this week’s third most-selling NFT collection in the NFT market. In the past seven days, the Punks NFT collection has raised a trading sales volume of $8 million. During this time, the Punks NFT sales have increased by 94.9%.

4. ?? BRC-20 NFT Collection

$??, a renowned non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s fourth most-selling non-fungible token collection in the global NFT market. In the past seven days, the $?? BRC-20 NFT collection has raised a trading sales volume of $7.5 million. During this period, the $?? BRC-20 NFT sales volume surged by 108% from the past week.

5. XSY Deposit NFT Collection

XYY Deposit, a non-fungible token collection featuring a limited edition of 34 items hosted on the Avalanche blockchain network, has been the fifth most-selling NFT collection in the NFT market. In the past seven days, the XYS Deposit NFT collection has recorded a trading sales volume of $6.8 million. During this period, the XSY Deposit NFT sales volume has surged by 469% from the past week.

6. Guilds Of Guardians Heroes NFT Collection

Guild of Guardians Heroes, a renowned non-fungible token collection from Guild of Guardians, a multiplayer, action, mobile fantasy role-playing game that allows players to role-play as heroes and go through dungeons to gather resources, has been the sixth most-selling NFT collection in the NFT market. In the past seven days, the Guild of Guardians Heroes NFT collection has recorded a sales volume of $5.9 million. During this time, the Guild of Guardians Heroes NFT sales volume surged by 10% from the previous week.

7. Pudgy Penguins NFT Collection

Pudgy Penguins, another globally acknowledged non-fungible token series from the digital asset firm Igloo Inc., featuring a fixed supply of 8,888 cute penguin cartoons hosted on the Ethereum blockchain network, has been the seventh most-selling NFT collection in the global NFT market this week. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sales volume of $3.2 million. During this period, the Pudgy Penguins NFT trading sales volume surged by 91% from the past week.

Source: CryptoSlam

8. Guild of Guardians Avatar NFT Collection

Guild of Guardians Avatar, another non-fungible token collection from the Guild of Guardians, a mobile fantasy role-playing game letting players role-play as heroes and go through dungeons to gather resources, has been the eighth most-selling NFT collection in the NFT market. In the past seven days, the Guild of Guardians Avatar NFT collection has recorded a sales volume of $2.5 million. During this time, the Guild of Guardians Heroes NFT sales volume surged by 10% from the previous week.

9. Taproot NFT Collection

Taproot, a non-fungible token collection from the digital asset firm Taproot Wizard featuring a fixed supply of 2,108 NFT items created using the ordinal protocol on the Bitcoin blockchain network, is this week’s ninth most-selling NFT collection in the NFT market. In the past seven days, the Taproot Wizard NFT collection has raised a trading sales volume of $2.1 million, up 69% from the past week.

10. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, another globally non-fungible token collection from the digital asset firm Yuga Labs featuring a fixed supply of 10,000 apes 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 Bored Ape NFT collection has garnered a trading sales volume of $2.1 million. During this time, the Bored Ape NFT sales volume surged by 49% from the past week.

The NFT Market Prediction

Non-fungible tokens are proving they are far from a fading trend. Even though the hype around digital art has slowed, NFT collections have evolved into valuable digital assets with real-world applications, gaming, corporate integrations, and financial utilities instead of being just worthless digital collectibles. In the coming weeks, the NFT market is slated to gain massive traction and probably retest another bull run.