NFT collections lead the market recovery with a 3.74% increase in weekly sales.
NFT sales totaled $236,234,800 over the past seven days, a 3.74% increase over the previous week. The recent rise defies a pattern of consecutive weeks marked by declining NFT sales.
NFT sales are showing an upward trend, defying the downward trend of the past two weeks.
The best NFT collection in terms of sales this week was Bitcoin’s ‘Uncategorized Ordinals’, which achieved sales of $12 million, a significant increase of 36.90% compared to last week. Solana’s ‘Froganas’ collection also performed well, recording sales of $7.79 million, a 22.95% increase over the previous week. Meanwhile, Avalanche’s “Dokyo” collection recorded sales of $7.74 million, up 30.39% from the previous week.
Other notable NFT collections include Immutable X’s “Gods Unchained” card compilation and Mythos’ “Dmarket” NFT collection. Both collections saw NFT sales increase by 25.51% and 27.27%, respectively. In terms of blockchain revenue dominance, Ethereum took the lead this week with $76.74 million in revenue, a solid 2.3% increase over the previous week. Bitcoin followed closely behind, taking second place with sales of $63.93 million, a significant growth of 16.66% over the previous week.
Solana is still performing well, coming in third with total sales of $49.23 million, but down slightly by 8.9%. Also notable in the blockchain uptrend category is Arbitrum, which saw a huge jump with a 108.51% increase, while BNB Chain also saw an 89.61% jump in NFT sales this week. This resulted in the highest NFT seller of the week, “Cryptopunk #5363.” The sale brought in a whopping $1.53 million just three days ago.
An NFT titled “geth Locked Deposit” issued by Arbitrum hit a hefty $344,075 just two days ago, while Solana’s “Boogle #083” found a new owner for $253,422. There has been a distinct number of valuable NFTs sold (minted on Ronin) from the Axie Infinity collection, and this week was no different, as “Durendal” sold for $244,275 three days ago. Rounding out the top five most expensive NFTs this week, Bitcoin’s “Punk #60” achieved a selling price of $169,266 in just over 24 hours.
What do you think about this week’s NFT sales activity? Share your thoughts and opinions on this topic in the comments section below.
