Last week, NFT sales increased by 26%. Here is this week’s NFT market forecast:

adminFebruary 26, 2024

The non-fungible token market saw positive growth last week, driven by market hype around “NFT Paris”, the largest web3 event recently held in France. The NFT event was held last weekend and attracted hundreds of investors, collectors, and institutional chief executives from around the world.

NFT sales increased 26% last week

Data collected by on-chain data aggregator cryptoslam.io shows that the non-fungible token market showed positive growth last week. Over the past seven days, the NFT market’s trading volume reached $327 million, a 26% increase compared to the previous week.

nft sale

Over the same period, the number of investors buying and selling non-fungible tokens has increased dramatically. Over the past seven days, the global NFT market saw approximately 700,000 investors buying NFTs and more than 500,000 traders selling NFTs, an increase of 45% and 36% respectively.

Ethereum, the same blockchain network that powers the Ether crypto token, has been the most traded blockchain network in the NFT ecosystem. The Ethereum network has sold over $141 million in the past seven days. Ethereum NFT sales increased 10% from last week.

Blockchain nft sales

Bitcoin, the same blockchain network that powers the flagship cryptocurrency ‘Bitcoin’ and is famous for Bitcoin’s ordinal, was the second most traded blockchain network in the NFT ecosystem last week. Over the past seven days, more than $111 million in Bitcoin has been settled. Bitcoin NFT sales increased 111% compared to last week.

Solana and BNB Chain were the third and fourth most traded blockchain networks in the NFT space last week. In the past seven days, Solana has settled over $50 million, while the BNB chain has settled over $8 million. However, sales of Solana NFTs decreased by 1.50%, while sales of BNB chain NFTs increased by 88%.

Top selling NFTs last week

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1. Pandora NFT Collection

Pandora, a collection of non-fungible tokens featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain for sale, was the best-selling NFT collection last week. Over the past seven days, transactional sales of Pandora’s NFT collection reached $28 million.

2. Bitcoin Ordinal ‘Unclassified NFT’

Bitcoin Ordinals, a collection of NFTs created exclusively on the Bitcoin blockchain network using Satoshi Nakamoto’s ordinal theory, was the second best-selling NFT collection last week. In the past seven days, Bitcoin Ordinal has recorded $17 million in sales. Bitcoin NFT sales increased 167% compared to the previous week.

3. NodeMonkes NFT Collection

NodeMonkes, a new NFT collection featuring a limited edition of 10,000 NFTs engraved on the Bitcoin blockchain network, was the third best-selling NFT collection last week. Over the past seven days, the NodeMonkes NFT collection has recorded $15 million in transaction sales. NFT sales increased 485% compared to before.

4. Boring Monkey Yacht Club NFT Collection

Bored Ape Yacht Club, the highest-selling NFT collection of all time from digital asset company Yuga Labs featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, was the fourth NFT collection sold last week. Over the past seven days, Bored Ape has generated $8.1 million in trading volume. Bored Ape NFT trading revenue increased 110% from last week.

5. $SABC BRC-20 NFT Collection

$SABC, a new NFT collection created exclusively on the Bitcoin blockchain network using the BRC-20 protocol, was the fifth best-selling NFT collection last week. Over the past seven days, the NFT collection has recorded a trading volume of $7.1 million. $SABC NFT sales increased 714% compared to the previous week.

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6. DMarket NFT Collection

DMarket, a collection of NFTs created on the Mythos Chain blockchain network, was the sixth most sold NFT collection last week. Over the past seven days, transactional sales of DMarket’s NFT collection reached $7 million. DMarket NFT sales increased 9.96% compared to the previous week.

7. Proganas NFT Collection

Froganas, an NFT collection featuring 5,555 limited edition humanoid frogs hosted on the Solana blockchain network, ranked as the 7th best-selling NFT collection last week. Over the past seven days, the Froganas NFT collection has recorded $6.4 million in transaction sales. Proganas NFT sales increased 111% compared to the previous week.

8. Persona NFT Collection

Persona is a new collection of NFTs themed around anime characters that Binance Labs invested in to become a web3 gaming ecosystem. The Persona NFT collection was the 8th best-selling NFT collection last week. The Persona NFT collection recorded $6 million in transactional sales over the past seven days.

9. Creepz NFT Collection

Creepz, a collection of NFTs offering a fixed supply of 11,000 lizard avatars for holders to participate in the Overload Universe, ranked 9th best-selling NFT collection last week. Over the past seven days, the Creepz NFT collection has recorded $5.5 million in transaction sales.

10. Mad Lads NFT Collection

Mad Lads, an NFT collection from Solana framework development company Coral, features a limited set of 10,000 NFTs and ranked 10th among the best-selling NFT collections last week. Over the past seven days, Mad Lads has recorded $5.3 million in transaction sales, topping the list of the top 10 best-selling NFTs of the past week.

Most expensive NFT sold last week

Pandora #57023 was the most expensive NFT collection sold last week, selling for $1,555,758 7 days ago. Baby Loong #26633 is the second most expensive NFT collection sold last week, selling for $298,690 two days ago. TokenVestingPlans #27 was the third most expensive NFT collection sold last week, selling for $194,924 four days ago.

mst exp nft sold

NFT market strong trend continues this week

The non-fungible token market has shown a strong growth trend over the past week, with increased trading volume and adoption. This resurgence is believed to have been fueled by rising cryptocurrency prices and new hopes built up from a major NFT event that recently concluded in Paris, France.

The NFT market is expected to continue its upward trend this week. Based on Cryptoslam.io data, the NFT market began rising 13% in the last week of February. In the past 24 hours, the global NFT market recorded sales of $52 million, a 5% increase from the previous day.

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