join us telegram A channel to stay up to date on breaking news coverage
The non-fungible token market is making a strong recovery after more than four weeks of decline. The nascent sector, which was hot two years ago, is expected to retest another market rally, perhaps before the end of the year, before crashing to the ground. In this article, we will take a look at the overall state of NFTs over the past seven days.
NFT sales increase 46% this week
The global non-fungible token market has seen an increase in trading volume, according to data compiled by cryptoslam.io, an on-chain market data aggregator. Over the past seven days, the NFT market’s trading volume reached $289 million, a 46.80% increase over the previous week.
A collection of non-fungible tokens hosted on the Bitcoin blockchain network, the network that hosts the flagship cryptocurrency Bitcoin ‘BTC’, is the most traded NFT collection this week. Trading volume for Bitcoin-based NFT collections over the past seven days was $27 million, up 23% from the previous week.
Source: CryptoSlam.io, NFT sales by blockchain over the past 7 days
The digital collectible on Ethereum, once the primarily adopted NFT blockchain, is the second most traded NFT collection this week. Over the past seven days, the Ethereum-based NFT collection recorded $9.7 million in transaction sales, a 7.09% increase over the previous week.
Hosted on Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, and Polygon, an Ethereum scaling solution, the third and fourth non-fungible tokens were launched this week. This is the most traded collection of NFTs. Over the past seven days, Solana NFTs have recorded trading volume of $5.2 million, while Polygon NFTs have sold $1.3 million.
10 best-selling NFTs this week
Source: CryptoSlam.io, Top Selling NFTs in the Last 7 Days
1. Bitcoin Ordinal Collection ‘Unclassified’
Bitcoin Ordinals, a collection of non-fungible tokens created on the Bitcoin blockchain network using Nakamoto’s ordinal theory and comprised of NFT collections such as Runestones NFTs, were the best-selling NFT collections this week. Over the past seven days, Bitcoin Ordinal Collection’s trading volume was $54 million, up 168% from the previous week.
2. $PUP BRC-20 NFT Collection
$PUP, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, is the second best-selling NFT collection this week. Over the past seven days, the $PUP BRC-20 NFT collection has recorded a trading volume of $26 million, a 5,621% increase over the previous week.
3. Proganas NFT Collection
Froganas, a collection of non-fungible tokens featuring a limited edition of 5,555 humanoid frogs hosted on the Solana blockchain network, is the third best-selling NFT collection of the week. In the past seven days, the Froganas NFT collection has sold $12.9 million. Proganas NFT trading volume this week surged 268% compared to last week.
4. NodeMonkes NFT Collection
NodeMonkes, an NFT collection featuring a limited supply of 10,000 NFTs hosted on the Bitcoin blockchain network, is the fourth best-selling NFT collection of the week. Over the past seven days, the NodeMonkes NFT collection has recorded $12.6 million in transaction sales. NodeMonkes NFT trading volume increased 103% compared to last week.
5. DMarket NFT Collection
DMarket, a collection of non-fungible tokens from popular virtual asset marketplace DMarket hosted on the Mythos Chain blockchain network, is the fifth best-selling NFT collection this week. Over the past seven days, the DMarket NFT collection has recorded $7.1 million in transaction sales, a 10.81% jump from the previous week.
Source: CryptoSlam.io, Top Selling NFTs in the Last 7 Days
6. Boring Monkey Yacht Club NFT Collection
Bored Ape Yacht Club, the flagship NFT collection from digital asset incubation studio Yuga Labs featuring 10,000 pinned versions of NFTs hosted on the Ethereum blockchain network, is the sixth best-selling NFT collection this week. Over the past seven days, transaction sales for the Bored Ape Yacht Club NFT collection amounted to $6.5 million, down 2.44% from the previous week.
7. Tensorian NFT Collection
Tensorians, a collection of NFTs from NFT marketplace platform Tensor, features a limited supply of 10,000 pixelated NFTs hosted on the Solana blockchain network and is the seventh best-selling NFT collection of the week. The Tensorians NFT collection has generated $6.3 million in transaction sales over the past seven days. Tensorians NFT trading volume this week is up 54% from last week.
8. Tokyo NFT Collection
Dokyo, a collection of non-fungible tokens featuring a limited supply of 5,555 NFTs hosted on the Avalanche blockchain network, is the eighth highest-selling NFT collection this week. The Dokyo NFT collection recorded $5.4 million in transaction sales over the past seven days, a 219% increase over the previous week.
9. Mad Lad NFT Collection
Mad Lads, an NFT collection from Solana framework development company Coral, features a limited set of 10,000 NFTs hosted on the Solana network and is the 9th best-selling NFT collection this week. Over the past seven days, the Mad Lads NFT collection has recorded $5.2 million in transaction sales, down 12.77% from the previous week.
10. CryptoPunks NFT Collection
CryptoPunks, a collection of non-fungible tokens previously from digital asset incubation studio Larva Labs but now owned by Bored Ape Yacht Club creator Yuga Labs, is the 10th best-selling NFT collection this week. Over the past seven days, CryptoPunks, a collection of NFTs featuring a limited supply of 10,000 NFTs hosted on Ethereum, has recorded $3.3 million in transaction sales, rounding out the top 10 best-selling NFTs of the week.
Top NFT sales this week
CryptoPunks #2306 is the most expensive collection of NFTs sold this week, selling for more than $1 million four days ago. LockDealNFT #51202 is the second most expensive NFT collection sold this week, selling for $651,963 7 days ago. Bitcoin Ape #2301 is the third most expensive NFT collection sold this week, selling 17 hours ago for $459,437.
Source: CryptoSlam.io, Most Expensive NFTs Sold in Last 7 Days
Related NFT News:
SMOG – Meme Coin with Rewards
- Airdrop Season 1 Live Starts
- Earn XP to Win $1 Million in Stake
- Cointelegraph Special
- Staking Rewards – 42% APY
- 10% OTC discount – smogtoken.com
join us telegram A channel to stay up to date on breaking news coverage