NFT sales increased 77% last week to more than $500 million, with Bitcoin leading the way in NFT sales.

adminDecember 18, 2023

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The non-fungible token market has seen a significant surge in activity over the past few days, with most of the increased transaction sales coming from Bitcoin-based NFTs. In this article, we will look at the status of the NFT market over the past 7 days.

NFT sales increased 77% last week

According to data collected by on-chain marketplace aggregator CryptoSlam.io, the NFT market has seen an increase in sales recently. Over the past seven days, the global non-fungible token market has recorded a trading volume of $577 million, a surge of 77.29% over the previous week.

NFT sales

A collection of non-fungible tokens hosted on Bitcoin, the blockchain network that powers the leading cryptocurrency Bitcoin (BTC), was the most traded last week. Bitcoin-based NFTs recorded a trading volume of $362 million over the past seven days. Bitcoin-based NFTs are up 223% since last week.

Blockchain Sales

Source: CryptoSlam.io, selling NFTs via blockchain

Bitcoin BRC-20 Digital collectibles hosted on Ethereum, the blockchain network that dominated the NFT market before the NFT rebound, were the second most traded last week. Ethereum-based NFTs recorded $91 million in trading volume over the past seven days. Bitcoin has overtaken Ethereum in trading volume by more than three times.

Hosted on Solana, a decentralized blockchain network using a proof-of-stake consensus mechanism, and Polygon, an Ethereum scaling network, the collection of non-fungible tokens was the third and fourth most traded NFT collection last week. It was. In the past seven days, Solana NFTs recorded trading volume of $90 million and Polygon NFTs recorded trading volume of $12 million.

Top 10 best-selling NFTs last week

BRC-20, a collection of non-fungible tokens created exclusively on the Bitcoin blockchain network using the BRC-20 protocol, similar to the famous ERC-20 NFTs, has been the best-selling NFT collection over the past seven days. $SAT BRC-20 was the best-selling NFT collection last week, generating $43 million in transaction sales.

best selling nfts 1

Source: CryptoSlam.io, Top Selling NFTs

$RAT and $MICE, animal-inspired crypto tokens created on the Bitcoin blockchain network using the BRC-20 protocol, were the second and third best-selling NFT collections last week. Over the past seven days, this BRC-20 NFT collection has recorded transaction sales of $36 million and $29 million, respectively.

best selling nfts 2

Source: CryptoSlam.io, Top Selling NFTs

Bitcoin Ordinals, a collection of non-fungible tokens that first appeared on the NFT market earlier this year, was the fourth most traded NFT collection last week. Bitcoin Ordinals recorded $21 million in trading volume over the past seven days. Bitcoin-based NFTs dominate all nine slots in the top 10 selling rankings. The first Ethereum-based NFT ranked 9th.