NFT Sales Volume Soars 12% To Over $112M In The Past 7 Days

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The non-fungible token market keeps on showcasing potential signs of revival, with its trading sales volume now surging for the third consecutive week. The global NFT market has soared over 10% in trading sales in the past seven days, signaling a potential rebound from recent lows.

NFT Sales Soar 12% In The Past 7 Days

Data compiled by CryptoSlam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, indicates that the global non-fungible token market has surged again this past week. In the past seven days, the global NFT market has recorded a trading sales volume of $112 million, representing a 12% rise from the previous week.

In the same period, the number of investors buying non-fungible token collections increased by 80% this past week. In the past seven days, the global NFT market has seen more than half a million collectors buying NFTs, pushing the number of NFT transactions above 2.7 million.

Ethereum, the blockchain network powering Ether and renowned for powering the majority of blue-chip non-fungible token collections, was last week’s top-traded NFT blockchain network. In the past seven days, Ethereum-based NFT collections have amassed a trading sales volume of $32 million. Ethereum NFT sales volume has soared 8.34% this past week from the previous week.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, was last week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Solana-based NFT collections have amassed a trading sales volume of $26 million, representing an 8.34% surge from the previous week.

Bitcoin, a blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosting Ordinals and BRC-20 non-fungible token collections, was past week’s third most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $21 million, representing a 35% surge from the previous week.

Polygon, an Ethereum scaling solution blockchain network, was last week’s fourth most-traded blockchain network in the NFT ecosystem. In the past seven days, Polygon-powered NFTs have recorded a trading sale volume of $13 million. Nonetheless, Polygon NFT trading sales volume has plunged 10% from the previous week.

Top Selling NFTs In The Past 7 Days

1. Solana Monkey Business NFT Collection

Solana Monkey Business, a non-fungible token collection created on the network featuring a limited supply of 5000 randomly generated 24×24 pixel monkey NFTs, was last week’s most-selling NFT collection. In the past seven days, the Solana Monkey Business NFT collection has amassed a trading sales volume of $5.8 million. Solana Monkey Business NFT Sales has risen 280% this past week from the previous week.

2. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain blockchain network, was last week’s second most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a sales volume of $3.9 million. DMarket NFT sales volume has reduced by 17.4% this past week from the previous week.

3. Guild Of Guardian NFT Collection

Guild of Guardian, a non-fungible token collection from Guild of Guardians, a mobile role-playing game where players contend with a team of heroes through challenging dungeons to collect resources, was past week’s third most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has raised a sales volume of $3.7 million. The Guild of Guardians NFT sales volume has soared 21% this past week from the previous week.

4. DogeZuki NFT Collection

DogeZuki, a non-fungible token collection featuring a limited edition of 2,800 Shiba Inu-inspired digital items hosted on the Solana blockchain network, was last week’s fourth most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has attracted a trading sales volume of $3 million. The DogeZuki NFT sales volume has surged 0.3% this past week from the previous week.

5. c_HyPC NFT Collection

C_HyPC, a new non-fungible token collection created on the Ethereum blockchain network, was the fifth most-selling NFT collection in the past week. In the past seven days, the c-HyPC NFT collection has raised a trading sales volume of $2.7 million. The c_HyPC NFT sales volume has increased by 129% this past week from the previous week.

6. Retardio Cousins NFT Collection

Retardio Cousins, a new non-fungible token collection featuring a limited supply of 4444 NFTs hosted on the Solana blockchain network, was past week’s sixth most-selling NFT collection. In the past seven days, the Retardio Cousins NFT collection has recorded a trading sales volume of $2.6 million. The Retardio Cousins NFT sales have soared 14% this past week from the previous week.

7. $?? BRC-20 NFT Collection

$??, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, was past week’s seventh most-selling NFT collection. In the past seven days, the $?? BRC-20 NFT Collection has recorded a trading sales volume of $2.4 million. $?? BRC-20 NFT sales volume has surged 30% this past week from the previous week.

8. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a non-fungible token collection featuring a limited edition of 10,001 unique PFPs hand-drawn in MS Paint by a 12-year-old, was past week’s eighth most-selling NFT collection. In the past seven days, the Bitcoin Puppets NFT collection has raised a sales volume of $2.2 million. Bitcoin Puppets NFT sales volume has increased by 32% this past week compared to the previous week.

9. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the famous digital asset firm Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, was past week’s ninth most-selling NFT collection. The Bored Ape Yacht Club NFT collection has amassed a trading sales volume of $2.2 million in the past seven days. Bored Ape NFT trading sales volume has surged 49% this past week from the previous week.

10. Mad Lads NFT Collection

Mad Lads, a non-fungible token collection from the Solana infrastructure development project Backpack featuring a limited edition of 10,000 hosted on the Solana blockchain network, was past week’s tenth most-selling NFT collection. In the past seven days, the Mad Lads NFT series has recorded a trading sale volume of $2.2 million, closing our ten top-selling NFTs this past week.

NFT Market Prediction – Is The NFT Bull Run Still Imminent?

As we stand on the brink of what many crypto experts predict will be the next major bull run in the crypto market, the stage is also set for the non-fungible token market. It’s worth noting that during the historic 2021-2022 market bull run, the crypto and the NFT market were pumping simultaneously.

Just as the flagship crypto, Bitcoin, is predicted to hit $100,000 in 2024, the non-fungible token market is anticipated to rise considerably between 2024 and 2031. The global NFT market size is expected to reach $13.6 billion by 2027 from $3.0 billion in 2022. The NFT market is predicted to retest heavy hype once the current FUD in NFTs fades.