NFT Sales Rise 36% To $217 Million This Week

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The market data shows that the global trading volume of non-fungible tokens has jumped higher this week, despite the recent hype surrounding shitcoins. The NFT market has pumped 36%, recording over $217 million in the past seven days.

Bitcoin NFTs Pump 260% This Week

According to CryptoSlam, an on-chain market data aggregator, Ethereum-based NFTs products have attributed the greatest market share, attracting more than $112 million in the past seven days. During this period, Ethereum NFTs have pumped 15% from last week.

Bitcoin NFTs have followed the second streak this week. The NFT collections have exploded 260% to $56 million in the past seven days. The Mythos Chain, a permissioned EVM blockchain and gaming ecosystem that operates on the MYTH utility token, has taken third place outperforming popular chains like Polygon and Solana. Mythos-based NFTs have recorded a sales volume of $11 million this week.

Non-fungible tokens hosted on Solana have plummeted slightly this week. Solana NFTs are down 21%, recording just $9 million in trading sales volume in the past seven days. Polygon NFTs take the fifth position this week, recording $7.5 million.

Top Five NFT Collections In Trading Sales Past 7 Days

1. Bitcoin NFTs

Bitcoin NFTs “uncategorized” emerged as the top-selling NFTs this week, amassing $15 million in trading sales volume. In the past seven days, Bitcoin NFT buyers have increased by more than 240%, while NFT sellers increased by 247%.

2. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club is another non-fungible token that significantly increased this week. The NFT collection from Yuga Labs, which features a limited edition of 10,000 NFTs, has recorded a trading sales volume of $14 million this week.

3. $ORD BRC-20

BRC-20, an experimental token standard for the Bitcoin blockchain, takes the third position this week. The NFT collection inspired by Ethereum’s ERC-20 has recorded a trading sales volume of $12 million. BRC-20 NFTs have pumped more than 120% this week.

4. DMarket

DMarket is in-game digital assets hosted on the Mythos network. The NFT collection has jumped 65% this week, recording $11 million in trading sale volume in the past seven days. Nonetheless, these NFTs have fallen short in a number of buyers and sellers this week.

5. Milady Maker NFTs

Milady Maker is an NFT collection from digital asset incubation firm Remilia, featuring a limited edition of 10,000 generative PFP NFTs. In the past seven days, the NFT collection has recorded a sales volume of 10 million. It has pumped 120% this week.

Space Pepes was the most expensive NFT collection in the past seven days, selling for $4.5 million six days ago. Different Bitcoin NFTs have sold for head-scratching sums, with the most expensive selling for $4.4 million two days ago.

Elon Musk Launched NFT Rocket This Week

The weather in NFTs has been perfect this week, with good news from established projects, hot tech, a bit of money in traders’ pockets from trading meme coins like Pepe, and a well-timed tweet from the CEO of Twitter, Billionaire Elon Musk.

Mid this week, Twitter Boss Elon Musk created a short frenzy within the non-fungible token market after sharing a meme containing the instantly recognizable avatar of the popular Milady Maker NFT collection.

pic.twitter.com/4s6HwnCY74

— Elon Musk (@elonmusk) May 10, 2023

Milady Maker’s NFT collection exploded more than 50%, carrying the rest of the NFT market with them to a height of $217 million in sales volume this week. Even though Milady Maker NFT collection is consolidating around -6%, the NFT market appears in an upside trajectory.

Binance Created Short NFT Frenzy

Binance, one of the leading blockchain ecosystems for digital assets and non-fungible tokens, has created a short frenzy around NFTs this week. The crypto exchange integrated Bitcoin NFTs into their marketplace, giving Ordinals a new way to reach the masses without needing to be a technical wizard to trade them.

https://twitter.com/TheBinanceNFT/status/1656607580960202757?s=20

NFTs on the flagship blockchain “Bitcoin” have been red hot following the evolution of a new flavour of Ordinal called BRC-20s. BRC-20s are Bitcoin’s version of Ethereum’s meme coins, but they’re also like an NFT collection at their core.

Discover the Best NFTs With Launchpad.XYZ

Launchpad is a new platform helping collectors to explore NFT with a high potential of giving higher returns. The new platform offers users analytics and insights necessary before making investment decisions. The new platform is in its second stage and has already raised over $380,000 from its LPX token presale.