NFT Sales Jump 16% Today – Is The NFT Bull Market Now About To Start?

Updated: 13 March 2024

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The crypto market has experienced over three weeks of explosive market rally, which has left the flagship crypto ‘Bitcoin’ reaching historic record highs, with its rival crypto ‘Ethereum’ soaring a few inches to its initial all-time highs. During this time, the non-fungible token market has been cool, leaving many investors wondering why it was not making positive growth.

Fortunately, the non-fungible token market has started the new day with at least some positive gains. According to cryptoslam.io, an on-chain market data aggregator, the global NFT market has amassed a trading sale volume of $54 million, representing a 16% surge from the previous day.

The Global NFT Market Turns Green

The global non-fungible token market has today shown a unique bullish trend. According to data recorded, nine out of ten top blockchain networks are all in positive growth. The green pattern in the market has given investors, and traders hope that the NFT market might soon join the crypto market at the rally.

Ethereum, the largely adopted blockchain network in the entire NFT market, is today’s most traded blockchain in the NFT ecosystem. In the past 24 hours, the Ethereum-based NFTs have amassed a trading sales volume of $20 million, representing a 4.33% gain from the previous day.

Bitcoin, the same blockchain network that powers the flagship crypto Bitcoin and is popularly known in the NFT market for its BRC-20 and Bitcoin Ordinals, is the second most traded blockchain net in the NFT ecosystem. In the past 24 hours, Bitcoin-based NFT collections have amassed a trading sale volume of $15 million, representing a 22% surge from the previous day.

Solana, a decentralized blockchain network; Polygon, an Ethereum scaling solution; and BNB Chain, the third, fourth, and fifth most traded blockchain networks in the NFT ecosystem. In the past 24 hours, Solana NFTs have recorded a sales volume of $10 million, while Polygon and BNB Chain NFTs have amassed a sales volume of $1.7 million each.

Mythos Chain, Flow and Avalanche are the sixth, seventh and eighth most-traded blockchain networks in the NFT market, while Cordano and Stargaze are ninth and tenth, closing our ten top-traded blockchain networks today. All these blockchain networks have recorded positive growth.

Five Top-Selling NFT Collections Today

1. Bored Ape NFT Collection – Pumps 180% In Sales

Bored Ape Yacht Club, a non-fungible toke collection from the digital asset firm Yuga Labs with a fixed supply of 10,000 Ape PFPs hosted on the Ethereum blockchain network, is today’s most-selling NFT collection. In the past 24 hours, the NFT collection has recorded a trading sales volume of $5.3 million. Bored Ape NFT sales volume has surged 180% today from the previous day.

2. NodeMonkes NFT Collection – Jumps 62% In Sales

NodeMonkes, an NFT collection featuring a limited edition of 10,000 PFP NFTs hosted on the Bitcoin blockchain network, is today’s second most-selling NFT collection. In the past 24 hours, NodeMonkes NFT Collection has amassed a sales volume of $3.6 million. The NFT collection has surged 62% in sales volume from the previous day.

3. Bitcoin Ordinals NFT Collection

Bitcoin Ordinals, an NFT collection created on the Bitcoin blockchain network using Satoshi Nakamoto’s ordinal theory, is today’s third most-selling NFT collection. In the past 24 hours, the Bitcoin Ordinal collection has attracted a trading sales volume of $2.9 million.

4. Mad Lads NFT Collection – Surges 101% In Sales

Mad Lads, an NFT collection from the Solana development project Coral featuring a limited set of 10,000 NFTs, is today’s fourth most-selling NFT collection. In the past 24 hours, the Mad Lads NFT collection has garnered a trading sales volume of $1.7 million. Mad Lads NFT sales have surged 101% today from the previous day.

5. Mutant Ape NFT Collection – Jumps 86% In Sales

Mutant Ape Yacht Club, another NFT collection from the digital asset firm Yuga Labs featuring a limited supply of 20,000 NFTs hosted on the Ethereum blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the Mutant Ape Yacht Club NFT collection has recorded a trading sales volume of $1.6 million. Mutant Ape NFT sales volume has surged 86% today. The NFT market resurgence shows positive signs of a potential NFT bull market.