NFT Sales Surge 5.8% This Week – Blur Dominates NFT Market, Taking 70% Of NFT Trading

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The non-fungible token market has surged this week, nearing $180 million in trading sales volume. The NFT has pumped 5.8% in trading sales volume from last week. Sales recorded between the past Friday and May 5, 2023, show that more than $178 million in sales have already been settled.

NFT Trading Sales Volume Pumps 5.8% This Week

Data statistics from Cryptoslam confirm that the non-fungible token market has surged higher in trading sales volume this week. Last week, InsideBitcoins News reported that NFT trading sales volume had pumped 5.4% to $178 million.

Ethereum-based NFT products dominated the NFT market this week, raising $106 million in trading sales volume. In the past seven days, Ethereum NFTs have increased by 6.13%. Solana NFTs have followed the streak, attracting $13 million this week.

NFTs hosted on Polygon, an Ethereum scaling network, have slightly decreased this week, amassing just $6.5 million. In the past seven days, Polygon NFTs have plummeted 13%. Immutable X emerged third, recording a trading sales volume of $5.8 million.

The non-fungible token market has experienced a sharp increase in the number of buyers in the past seven days. NFT buyers have surged by 33% to 371,755. Ethereum has seen the highest number of buyers this week, followed by Solana and Polygon.

Over the same period, non-fungible token transactions have gone down this week. In the past seven days, the number of transactions across the NFT market has dropped by 0.02% to 1.2. Ethereum recorded the highest number of transactions.

Five Top-Selling NFT Collections This Week

1. Azuki

Azuki, an NFT collection from digital assets firm Chiru Labs, takes the top spot this week. The NFT collection has attracted a trading sales volume of $11 million in the past seven days. The blue-chip NFT collection Azuki has pumped 315% from last week.

2. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, an NFT collection from digital asset incubation studios Yuga Labs, ranks second this week. In the past seven days, the NFT collection has recorded a trading sales volume of $10 million. Bored Ape Yacht Club has dropped 27% from the previous week.

3. Blocklords Banners NFTs

Blocklords Banners is an NFT collection from the medieval strategy-based massively multiplayer online (MMO) game Blocklords. The NFT collection has recorded a trading sales volume of 4.4 million, taking third place this week. However, Blocklord’s NFT trading has fallen 5.4% in the past seven days.

4. Mutant Ape Yacht Club NFTs

Mutants Apes Yacht Club is an NFT collection taking the fourth position this week. The NFT collection from the Bored Ape creator, Yuga Labs, has recorded a trading sales volume of 3.6 million. The NFT collection has dropped by 28% from the previous week.

5. The Captainz NFTs

The Captainz, an NFT collection featuring a limited edition of 9,999 NFTs on the Ethereum network, has amassed a trading sales volume, closing our top five NFT collections this week. The Captainz NFT trading has dropped 7% in the past seven days.

The most expensive NFT collection during this period was Bored Ape Yacht Club #811, which sold for $62,825 three days ago. Bored Ape Yacht Club #6774 was last week’s second most expensive NFT collection. Otherdeed Expanded and SuperRare #6623NFT collections followed, selling for $501,845 and $370,449, respectively.

Blur Dominates NFT Market This Week

Blur, a digital market platform for crypto and non-fungible token, has taken the lion’s share in NFT trading this week. In the past seven days, the NFT marketplace has taken 71%, outperforming its rival marketplace OpenSea, which scored just 25%.

Blur vs OpenSea NFT Trading Volume: Dune Analytics

NFT trading sales have slightly pumped in the past few weeks. The NFT market prices began surging last month, shortly after the flagship NFT marketplace Blur launched its NFT lending platform called “Blend.”

The new NFT lending platform, which allows traders to maximize NFT liquidity by allowing buyers to put up collateral for their token purchases, was part of a strategic plan to reclaim market dominance from the OpenSea NFT marketplace. Blur and OpenSea have been contesting for market dominance since the beginning of the year. OpenSea recently upgraded to OpenSea Pro as part of a strategy to reclaim NFT market dominance.

Explore The Best NFT Collections Using Launchpad.xyz

Launchpad is a new non-fungible token focused on helping NFT investors explore and discover the best NFT portfolios. The new platform offers analytics and insights essential to investors before choosing their investment plans. Launchpad has already raised more than $180,000 from its “LPX” token presale.