NFT Sales Rise 8% This Week – DraftKings & DeGods NFTs Pump +100% In Sales

Updated: 11 August 2023

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.

Join Our Telegram channel to stay up to date on breaking news coverage

The non-fungible token market has experienced a short positive spike in sales this week after suffering a brutal comedown in the past several weeks. The NFT bear market began in June, leaving most NFT floor prices sliced more than 50% of their value.

NFT Sales Pump 8% This Week

Data compiled by CryptoSlam.io, an on-chain data aggregator, indicates that the global non-fungible token market has slightly pumped this week. In the past seven days, the NFT market has recorded a trading sales volume of $106 million, representing an 8% rise from the past week.

Following the recent short price spike, the market trend shows NFT investors are selling their NFTs more than acquiring, with the number of NFT buyers falling 4% this week. NFT transactions have increased by over 5% in the past seven days to 2.7 million.

Non-fungible tokens hosted on Ethereum, the largest blockchain network for crypto and non-fungible tokens, dominate the NFT market this week. Ethereum-based NFTs have recorded a trading sales volume of $61 million in the past seven days, representing a 4.93% rise from the previous week.

Digital collectibles hosted on Polygon, an Ethereum scaling network, distantly follow Ethereum NFTs, becoming the second most traded NFTs this week. In the past seven days, Polygon NFTs have amassed a trading sales volume of $12 million, representing an 80% spike from the past week.

During the same period, Solana NFTs and Mythos NFTs take the third and four positions this week, recording a trading sales volume of $9 and $6 million. Solana and Mythos NFTs have surged 35% and 10% in their trading sales volume, respectively.

Top Five NFT Collection This Week:

1. DraftKings NFTs

DraftKings is an NFT collection from the digital asset marketplace DraftKings hosted on the Polygon network. Earlier this week, the NFT market platform launched its new DraftKings Reign Makers NFTs, reviving the recently fallen global NFT market.

In the past seven days, DraftKings Reign Makers NFTs collection has recorded a trading sales volume of $7.4 million, representing a 300% spike from the past week. DraftKings NFTs are leading our top five NFT collections this week. The NFT collection dominates the highest number of NFT sales on Polygon.

2. DMarket NFTs

DMarket, an NFT collection from DMarket, a cross-chain marketplace to trade all NFTs and virtual items, has been the second most traded NFT this week. In the past seven days, DMarket NFTs have recorded a trading sales volume of $6.2 million, representing a 10% rise from the past week.

3. DeGods NFTs

DeGods, an NFT collection from digital asset firm Dust Labs featuring a limited set of 10,000 NFTs hosted on the Ethereum network, has been the third most traded NFT this week, recording a trading sales volume of $5.1 million. DeGods NFTs have pumped 109% in sales from the past week.

4. Gods Unchained NFTs

Gods Unchained is an NFT collection from the ultimate digital trading card game ‘God Unchained,” hosted on the Immutable X network. Gods Unchained has recorded a trading sales volume of $4.9 in the past seven days, emerging as the fourth most-traded NFT collection this week.

5. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club is an NFT collection from digital asset firm Yuga Labs, featuring a limited edition of 10,000 NFTs hosted on the Ethereum network. The NFT collection has recorded a sales volume of $4.7 million, becoming the five most traded NFT collections this week.

Wall Street Meme Presale Raises $23M

Wall Street Memes “$WSM” is another non-fungible token-related project that has performed perfectly well this week. $WSM was launched in June by the Wall Street Memes, the crypto team that launched an NFT collection on Ethereum, which sold for 32 minutes in 2021.

Since its inception, the crypto project has continued to attract traction among crypto investors. The $WSM has already raised over $23 million in less than two months. The crypto project is backed by notable investors such as Billionaire Elon Musk.