Join Our Telegram channel to stay up to date on breaking news coverage
The non-fungible token market has experienced a notable resurgence this week after more than three weeks of declining trading sales volume and floor price value. Non-fungible tokens saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back. In this article, we shall assess in depth the market health of the global non-fungible token market in the past seven days:
NFT Sales Soar 25% To +$100M This Week
Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by crypto billionaire Mark Cuban, indicates that the non-fungible token market has surged again in trading sales volume this week, breaking its initial market resistance. In the past seven days, the NFT market has recorded a trading sales volume of over $100 million, representing a 25% surge from the past week.
The global NFT market began pumping in trading sales volume earlier this week, with popular blue-ship non-fungible token collections such as the Bored Ape Yacht Club claiming back more than 20% of their floor price value. In the past seven days, the number of investors purchasing NFTs has increased by 43%, confirming that the NFT market is making a strong comeback.
Ethereum, the blockchain network powering the digital asset ETH and renowned in the NFT market for hosting the majority of blue-chip non-fungible token collections, has been this week’s most-traded blockchain network in the NFT ecosystem. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $36 million, representing a 34% surge from the past week.
Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been this week’s second most-traded NFT blockchain network. In the past seven days, the Solana-based NFT collections have raised a trading sales volume of $19 million. During this time, the Solana NFT trading sales volume has surged by 16% from the past week.
Polygon, an Ethereum scaling blockchain network, has been this week’s third most-traded NFT blockchain, outpacing the dominant Bitcoin network. In the past seven days, the Polygon-based NFT collections have amassed a trading sales volume of $12.6 million. During this time, Polygon NFT trading sales volume has surged by 98% from the past week. Polygon has seen a number of new projects, including the new Fashion Girl, launched on it in recent days.
Bitcoin, the same blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosted BRC-20, Runes and Ordinals collections, has been this week’s fourth most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based non-fungible token collections have amassed a trading sales volume of $12.5 million, crawling behind Polygon. During this time, the trading sales volume of Bitcoin NFTs has reduced by 9% from the past week.
Mythos Chain and BNB Chain are the fifth and sixth most traded blockchain networks in the NFT market. In the past seven days, Mythos Chain-based NFTs have recorded a trading sales volume of $5.1 million, while BNB Chain-based NFTs have attracted a trading sales volume of $3.9 million. During this period, Mythos Chain and BNB Chain NFT trading sales volumes have surged 1.77% and 12.35%, respectively.
Top Selling NFTs In The Past 7 Days
1. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection previously from the digital asset incubation studio Larva Labs but now managed by the digital asset firm Yuga Labs and features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s most-selling NFT collection. In the past seven days, the CryptoPunks NFT collections have recorded a trading sales volume of $7.7 million, up 304% from the past week.
2. DMarket NFT Collection
DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain network, has been this week’s second most-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $5 million, accounting for 98% of all Mythos Chain NFT trading sales volume. During this time, the DMarket NFT trading sales volume has surged 0.87% from the past week.
3. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, another non-fungible token collection created and managed by the digital asset firm Yuga Labs that features a limited edition of 10,000 NFTs exclusively hosted on the Ethereum blockchain network, has been this week’s third most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has amassed trading sales volume of $3.4 million, up 17% from the past week.
4. Guild Of Guardians NFT Collection
Guild of Guardians, a non-fungible token collection from the popular mobile role-playing game Guild of Guardians, has been this week’s fourth most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has garnered a trading sales volume of $3.2 million. During this time, the Guild of Guardians NFT trading sales volume has fallen by 11% from the past week.
5. Sorare NFT Collection
Sorare, a non-fungible token collection from the fantasy sport cryptocurrency-based video game Sorare hosted on the Ethereum nework, is this week’s fifth most-selling NFT collection. The NFT game features more than 300 football clubs from around the world and over 40 football leagues. In the past seven days, the Sorare NFT collection has recorded a trading sales volume of $2 million.
6. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token collection from the digital asset firm Igloo Inc. featuring a limited edition of 8,888 NFTs hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT series. In the past seven days, the Pudgy Penguins NFT collection has raised a trading sales volume of $2.5 million. During this time, Pudgy Penguins NFT sales have surged by 28% from the past week.
7. Solana Monkey Business NFT Collection
Solana Monkey Business, a non-fungible token collection featuring a fixed set of 5,000 unique 24×24 pixilated monkeys randomly generated and stored on the Solana blockchain network is this week’s seventh most-selling NFT collection. In the past seven days, the Solana Monkey Business NFT collection has recorded a trading sales volume of $2.5 million, up 42% from the past week.
8. DogeZuki NFT Collection
DogeZuki, a relatively new non-fungible token collection featuring a fixed supply of 2,800 Shiba Inu dogs-inspired NFTs hosted on the Solana blockchain network, is this week’s eighth most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has raised a trading sales volume of $2.4 million. During this time, the trading sales volume for DogeZuki NFTs has surged by 4.86% from the past week.
9. NodeMonkes NFT Collection
NodeMonkes, a non-fungible token featuring a limited edition of 10,000 unique Bitcoin-powered NFTs created using the ordinal protocol, has been this week’s ninth most-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has attracted a trading sales volume of $2.1 million. During this time, the trading sales volume for NodeMonkes NFTs has surged by 100% from the past week.
10. MCSuperUser NFT Collection
MCSuperUser, a new non-fungible token collection created exclusively on the BNB Chain blockchain network, is this week’s tenth most-selling NFT collection. In the past seven days, the MCSuperUser NFT collection has recorded a trading sales volume of $1.8 million, closing our ten top-selling NFTs this week. MCSuperUser NFT sales have surged 28% this week from the past week.
Top NFT Collectible Sales In The Past 7 Days
gETH Locked Deposit #158 was the most expensive NFT collection sold this week, selling for $256,513 just four days ago. Zoth_Nibiru_Pool 1 #4 was the second most costly NFT collection sold this week, selling for $250,000 three days ago. Boogle #061 NFT collection was the third most expensive NFT collection this week, selling for $201,200 five days ago.
The NFT Market Prediction
The NFT market is expected to continue pumping this coming week, with the odds still set high on this burgeoning non-fungible token market to retest a bull run before the end of this year. Earlier this year, Statista, a renowned crypto analytic firm, projected the Revenue in the NFT market to reach $2.4 billion in 2024. The analytics firm expects the NFT revenue to grow at an annual growth rate of 9.10%, resulting in a projected total amount of $3.4 billion by 2028.
Related NFT News:
- BAYC x BAPE Tease Season II Of Their NFT-Themed Streetwear Collection
- Italian Series A Team SSC Napoli Launches NFT Games In The Sandbox Metaverse
- Rarible NFT Marketplace Adds Support For Aptos NFT Collections
PlayDoge (PLAY) - Newest ICO On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited - playdoge.io
Join Our Telegram channel to stay up to date on breaking news coverage
