{"id":555789,"date":"2024-07-22T14:37:32","date_gmt":"2024-07-22T14:37:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=555789"},"modified":"2024-07-22T14:37:32","modified_gmt":"2024-07-22T14:37:32","slug":"nft-sales-volume-soars-12-to-over-112m-in-the-past-7-days-cryptoslam","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nft-sales-volume-soars-12-to-over-112m-in-the-past-7-days-cryptoslam","title":{"rendered":"NFT Sales Volume Soars 12% To Over $112M In The Past 7 Days \u2013 CryptoSlam"},"content":{"rendered":"

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.<\/p>\n

NFT Sales Soar 12% In The Past 7 Days<\/h2>\n

Data compiled by CryptoSlam.io<\/a>, 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.<\/p>\n

\"NFT<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"NFT<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Top Selling NFTs In The Past 7 Days<\/h2>\n

\"Top<\/p>\n

1. Solana Monkey Business NFT Collection<\/h3>\n

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.<\/p>\n

2. DMarket NFT Collection<\/h3>\n

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.<\/p>\n

3. Guild Of Guardian NFT Collection<\/h3>\n

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.<\/p>\n

4. DogeZuki NFT Collection<\/h3>\n

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.<\/p>\n

5. c_HyPC NFT Collection<\/h3>\n

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.<\/p>\n

6. Retardio Cousins NFT Collection<\/h3>\n

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.<\/p>\n

\"Top<\/p>\n

7. $?? BRC-20 NFT Collection<\/h3>\n

$??, 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.<\/p>\n

8. Bitcoin Puppets NFT Collection<\/h3>\n

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.<\/p>\n

9. Bored Ape Yacht Club NFT Collection<\/h3>\n

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.<\/p>\n

10. Mad Lads NFT Collection<\/h3>\n

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.<\/p>\n

NFT Market Prediction – Is The NFT Bull Run Still Imminent?<\/h2>\n

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.<\/p>\n

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.<\/p>\n

Related NFT News:<\/h4>\n