NFT sales increase 20% this week, Bitcoin and Ethereum NFT sales explode +10%

adminMarch 10, 2024

The non-fungible token market has been on the rise this week, with significant increases in Ethereum, Solana, and Bitcoin NFT transaction sales. Nevertheless, the NFT market is going contrary to the expectations of many cryptocurrency investors amid the recent upturn in the cryptocurrency market. This is because the majority of investors expected a stronger NFT bull market.

NFT sales increase 20% this week

The global non-fungible token market saw a positive uptick this week, according to data collected by on-chain market data aggregator Cryptoslam.io. Over the past seven days, the NFT market has recorded $458 million in trading volume, a 20% surge over the previous week.

NFT sales

The surge in the non-fungible token market is due to the recent rally in the cryptocurrency market, which caused the flagship cryptocurrency ‘Bitcoin’ to surpass the $68,000 level for the first time in two years. The last time Bitcoin reached such highs was in 2021, during a historic general cryptocurrency market. This has pushed altcoins and NFTs to record highs.

Bitcoin, the same blockchain network that powers the flagship cryptocurrency Bitcoin, was the most traded blockchain network on the NFT market this week. Over the past seven days, Bitcoin-based NFT collections have recorded $180 million in transaction sales, a 38% jump from the previous week.

Blockchain Sales

Ethereum, the most adopted blockchain network in the NFT market, was the second most traded blockchain network in the NFT ecosystem this week. Over the past seven days, the Ethereum-based NFT collection has recorded $165 million in trading volume, an 11% surge over the previous week.

Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, is the third most traded blockchain network in the NFT market. Over the past seven days, Solana-powered NFT collections have recorded $66 million in trading volume. Solana NFT sales surged 12% compared to last week.

BNB Chain and Mythos Chain became the fourth and fifth blockchain networks to hit the NFT market this week. Over the past seven days, the BNB chain-based NFT collection recorded a trading volume of $8.7 million, while the Mythos chain-based NFT recorded a sales volume of $7.6 million.

Top selling NFTs this week

Top Selling NFT 1

Source: CryptoSlam.io, Top selling NFTs in the last 7 days

1. Bitcoin Ordinal Collection

Bitcoin Ordinals, a collection of NFTs created on the Bitcoin blockchain network using the Ordinal protocol, are the best-selling NFT collection this week. Over the past seven days, Bitcoin Ordinals recorded a trading volume of $45 million. Bitcoin Ordinal NFT trading volume surged 48% this week.

2. NodeMonkes NFT Collection

NodeMonkes, an NFT collection featuring a limited set of 10,000 NFTs hosted on the Bitcoin blockchain network, is the second best-selling NFT collection of the week. Over the past seven days, transactional sales of the NodeMonkes NFT collection reached $44 million, a 75% surge over the previous week.

3. CryptoPunks NFT Collection

CryptoPunks, an NFT collection from digital asset company Larva Labs featuring a limited supply of 10,000 NFTs hosted on a blockchain network, is the third best-selling NFT collection of the week. In the past seven days, the CryptoPunks NFT collection has recorded $24 million in transaction sales. CryptoPunks NFT sales surged 187% compared to last week.

4. $NATCATS tab NFT collection

$NATCATS, a collection of NFTs created on the Bitcoin blockchain network using ordering theory, is the fourth best-selling NFT collection this week. Over the past seven days, the $NATCATs NFT collection has recorded $11 million in transaction sales. $NATCATs NFT sales surged 166% compared to last week.

5. Pandora NFT Collection

Pandora, a collection of 10,000 replicant NFTs bound to the first token built on ERC404, an experimental token standard, became the fifth best-selling NFT collection this week. Over the past seven days, Pandora NFT collections have recorded $11.7 million in transaction sales.

best selling nfts 2

Source: CryptoSlam.io, Top selling NFTs in the last 7 days

6. Chunky Penguin NFT Collection

Pudgy Penguins, an NFT collection featuring a limited edition of 8,888 NFTs hosted on the Ethereum blockchain, is the sixth best-selling NFT collection this week. In the last seven days, Pudgy Penguins recorded $11.4 million in transaction sales. Fuzzy penguin NFT sales surged 127% compared to last week.

7. Boring Monkey Yacht Club NFT Collection

Bored Ape Yacht Club, an NFT collection from digital asset incubation studio Yuga Labs, features a fixed supply of 10,000 units hosted on the Ethereum blockchain network and is the seventh best-selling NFT collection of the week. Over the past seven days, Bored Ape Yacht Club has generated $10.4 million in transaction sales.

8. Proganas NFT Collection

Froganas, an NFT collection featuring 5,555 limited edition humanoid frogs hosted on the Solana blockchain network, is the eighth best-selling NFT collection this week. Over the past seven days, Proganas recorded sales of $10.2 million. Proganas NFT sales increased 37% compared to last week.

9. Ordinal Maxi Beads NFT Collection

Ordinal Maxi Biz, a collection of NFTs created on a blockchain network, ranked as the 9th best-selling NFT collection this week. Over the past seven days, the Ordinal Maxi Biz NFT collection has recorded a trading volume of $7.7 million. Ordinal Maxi NFT sales surged 211% compared to last week.

10. HychainNodeKey NFT Collection

HychainNodeKey, a collection of NFTs created on the Ethereum blockchain network, is the 10th best-selling NFT collection this week. Over the past seven days, HychainNodeKey has recorded transaction sales of 7.5, rounding out the top 10 best-selling NFT collections of the week.

Most expensive NFT sold this week

CryptoPunks #3100 is the most expensive NFT collection sold this week, selling four days ago for over $16 million. LockDeal NFT #40081 is another of the most expensive NFT collections sold this week, selling for $416,504 7 days ago. Boogle #071 is the third most expensive NFT sold this week, selling for $355,365 three days ago.

very expensive nft