NFT sales surge 6% this week to $95 million – Ethereum and Solana lead in sales

The global NFT market has recently broken through resistance barriers and has seen a notable uptrend this week. Despite the recent volatility in the cryptocurrency markets this week, NFT trading volume has increased by 6% compared to last week, reaching $95 million in trading volume over the past seven days. In this article, we will assess whether the NFT market will continue this positive growth in the coming weeks.

NFT sales up 6% this week

According to data from CryptoSlam.io, an on-chain cryptocurrency market data aggregator and non-fungible token collection explorer, the global non-fungible token market has seen a positive rally this week, breaking a three-month-long downtrend. The global NFT market has recorded a transaction volume of $95 million over the past seven days. The NFT market surge shows that the future of the NFT market is still bright.

Ethereum, a decentralized blockchain peer-to-peer network famous for powering the most blue-chip NFT collections in the non-fungible token market, is the most traded blockchain network in the NFT ecosystem this week. In the past seven days, Ethereum-based NFT collections have garnered $32 million in transaction volume. Ethereum NFT transaction volume is up 0.56% this week compared to last week.

Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, is the second most traded blockchain network in the NFT ecosystem this week. In the past seven days, Solana-based NFT collections have recorded $19 million in trade volume. Solana NFT trade sales have surged 10% this week compared to last week.

Bitcoin, the same blockchain network that powers the leading cryptocurrency, and is famous for hosting Bitcoin Ordinal, Rune, and BRC-20 non-fungible token collections in the NFT marketplace, is the third most traded blockchain network in the NFT ecosystem this week. Over the past seven days, Bitcoin-based NFT collections have recorded $14 million in transaction volume. Unlike Ethereum and Solana NFTs, Bitcoin NFT transaction volume has decreased by 10% this week compared to last week.

Polygon, an Ethereum scaling solution blockchain network, has become the fourth most traded blockchain network in the NFT market this week. Over the past seven days, the Polygon-based non-fungible token collection has recorded $9 million in trading volume. Polygon NFT trading volume has surged by 11.77% this week compared to last week, ranking first behind rival Ethereum and Solana NFT blockchain networks.

Mythos Chain, a permissioned EVM chain optimized for in-game assets that powers the Mythical Games ecosystem based on the Mythos token (MYTH), was the 5th most traded NFT blockchain network. In the past 7 days, Mythos Chain-based NFT collections recorded $7.2 million in trade volume. Mythos Chain NFT trade volume has surged 288% this week compared to last week.

Top 10 Bestselling NFT Collections of the Week

1. DMarket NFT Collection

DMarket is a non-fungible token collection on the DMarket NFT market platform created on the Mythos Chain blockchain network, and is the most sold NFT collection this week. In the past 7 days, DMarket NFT collections have recorded a transaction volume of $7.1 million. DMarket NFT transaction volume has increased by 308% this week compared to last week. It is worth noting that DMarket NFT collections are the main factor in the recent growth of Mythos Chain’s NFT market.

2. Guardian Guild NFT Collection

Guild of Guardians is a collection of non-fungible tokens from Guild of Guardians, a rogue-lite mobile RPG game where players can fight against the corrupting threat of Dredd and earn epic rewards. It was the second-highest-selling NFT series this week. In the past seven days, the Guild of Guardians NFT collection has generated $3.47 million in sales. Guild of Guardians NFT trading sales are up 5.52% this week compared to last week.

3. Sorare NFT Collection

Sorare, a collection of non-fungible tokens from the blockchain-based fantasy video game Sorare featuring the world’s best global soccer players, is the third-best-selling NFT collection this week. In the past seven days, Sorare NFT collections have recorded $3.3 million in transaction volume. Nevertheless, Sorare NFT transaction volume this week is down 9.59% compared to last week.

4. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection from Larva Labs, a digital asset incubation studio, but now managed by Yuga Labs, a digital asset incubation studio, was the fourth-best-selling NFT collection this week. Over the past seven days, the CryptoPunks NFT collection has garnered $2.8 million in transaction volume. CryptoPunks, a non-fungible token collection with a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, has surged 24% this week.

5. DogeZuki NFT Collection

DogeZuki, a new non-fungible token collection featuring 2,800 Shiba-inu-inspired, locked NFTs hosted on the Solana blockchain network, is the fifth-best-selling NFT collection this week. Over the past seven days, the DogeZuki NFT collection has seen $2.8 million in transaction volume. This week, DogeZuki NFT transaction volume has plummeted 20% compared to last week.

6. Bored Ape Yacht Club NFT Collection

Another non-fungible token collection managed by digital asset incubation studio Yuga Labs, Bored Ape Yacht Club features a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, and is the sixth-best-selling NFT collection this week. Over the past seven days, the Bored Ape Yacht Club NFT collection has seen $2.4 million in trading volume. However, Bored Ape NFT trading volume this week has plummeted by 20% compared to last week.

7. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from digital asset company Igloo Inc., features a limited supply of 8,888 NFTs hosted on the Ethereum blockchain network, and is the 7th most-sold NFT collection this week. In the past 7 days, the Pudgy Penguins NFT collection has generated $2.2 million in transaction volume. This week’s Pudgy Penguins NFT transaction volume has surged 100% compared to last week.

8. $?? BRC-20 NFT Collection

$?? BRC-20, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, is the 8th most-sold NFT collection this week. The BRC-20 token experimental standard supports the creation and transfer of fungible tokens over the protocol of the Bitcoin blockchain. Over the past seven days, the $?? BRC-20 NFT collection has garnered $2.1 million in transaction sales. This week, $?? BRC-20 NFT sales have surged 65% over the previous week.

9. DeGods NFT Collection

DeGods, a non-fungible token collection from the digital asset incubation studio, features a fixed edition of 4,320 deity characters with modern streetwear and ancient god-inspired art hosted on the Solana blockchain network, and is the 9th best-selling NFT collection this week. In the last 7 days, the DeGods NFT collection has recorded $2.1 million in transaction volume. DeGods NFT transaction volume has surged 341% this week following the recent launch of the DeGods Hq Telegram chat.

10. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token collection featuring a limited supply of 10,000 NFTs created using an ordinal protocol on the Bitcoin blockchain network, is the 10th best-selling NFT collection this week. Over the past seven days, the NodeMonkes NFT collection has recorded $2 million in transaction sales, finishing as the 10th best-selling NFT collection this week. NodeMonkes NFT transaction sales have plummeted 18% this week compared to last week.

NFT Market Forecast: Will NFTs Surge Again in the Next Weeks?

Gary Vaynerchuk, serial crypto entrepreneur, internet personality, and founder of the VeeFriends NFT project, will be hosting his annual NFT conference, VeeCon 2024, this weekend at the LA Live Entertainment District in Los Angeles, California. The conference and festival features conversations with the most accomplished, ambitious, and curious thought leaders in business, marketing, technology, innovation, and pop culture.

The wait was over. The doors opened, the mood was high, and we were off.

welcome #Beacon2024 🌴 pic.twitter.com/ouBbxZr5Ns

— Beacon (@veecon) August 9, 2024

VeeCon 2024 and other activities are expected to bring back the non-fungible token market. Last year, Gary Vee hosted the second annual first-ever NFT Ticket Super Conference for the VeeFriends and Web3 communities. The NFT Conference brought together the cryptocurrency and NFT communities to learn, share ideas, and build lasting relationships. NFT events play a vital role in bringing back trust in the cryptocurrency and NFT sectors.

Related NFT News:

PlayDoge (PLAY) – The latest ICO on the BNB chain

• 2D Virtual Dodge Pet
• Play to earn Meme Coin Fusion
• Staking and In-Game Token Rewards
• SolidProof Thanks – playdoge.io