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Home»NFT»Record-breaking week for the NFT market with $412 million in sales
NFT

Record-breaking week for the NFT market with $412 million in sales

2024-03-02No Comments2 Mins Read
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Recent data from Cryptoslam.io has shown a significant increase in the non-fungible token (NFT) market, with sales reaching $412,384,130 over the past seven days, a 35.14% increase over previous figures week.

This marks the third consecutive week of growth in the NFT sector. Of the 21 blockchains analyzed, Bitcoin led the sales volume with $154.82 million, representing an increase of 103.29%. Ethereum followed closely with $153.94 million in revenue, indicating a 10.60% growth in ETH-based NFT transactions.

Other blockchains, including Solana, BNB Chain and Mythos Chain, also reported increases in their NFT sales, contributing to the overall increase in market activity. The revenue growth on these diverse platforms underlines the growing interest and investment in the NFT space.

Leading collections and high-quality sales

This week’s data also highlighted specific collections that drove the market’s performance. Bitcoin’s Uncategorized Ordinals collection was the most profitable, with sales of $39,037,963, up 213.99% from the previous week. The Nodemonkes collection followed, generating sales of $32,648,037.

Other collections such as Pandora, Creepz and Cryptopunks were among the top five by sales volume, demonstrating the variety and appeal of NFTs available to collectors and investors.

A notable transaction during this period was the sale of a Bitcoin NFT called “Burgie” for $1.44 million, the highest amount of the week. Other major sales included a Solana-based NFT that sold for $1.1 million and an Ethereum NFT, “Lif3 v3 Position,” that sold for $597,800. These high-value transactions highlight the lucrative nature of the market and the willingness of collectors to invest significant amounts of money in digital assets.

See also  NFT Sales Surge to Over $500 Million; Bitcoin leads with unprecedented growth

The data underlines the continued growth and momentum within the NFT market, driven by a wide range of collections and significant sales across multiple blockchains.

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