Following the recent crypto market surge, the non-fungible token (NFT) sales volume has surged by 16
Following the recent crypto market surge, the non-fungible token (NFT) sales volume has surged by 16.3% to $96.1 million.
The overall crypto market has been showing strong positive momentum recently.
Following Donald Trumps victory in the U.S. presidential election, Bitcoin (BTC) reached a new all-time high of $77,252.75.
As per the latest CoinMarketCap data, the global crypto market cap has risen by 3.29% at press time to $2.6 trillion.
The NFT sales volume was $84.6 million last week. But according to recent data from CryptoSlam, the NFT sales have jumped by 16.1%.
You might also like: Bitcoin at $77k 48hrs after US elections
Ethereum NFT sales up by 14%
The Ethereum NFT blockchain sales volume stood at $31.2 million this week. This shows a 14.% increase in the last seven days.
Interestingly, the number of NFT buyers on the Ethereum blockchain dropped significantly to 21,575.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
When it comes to the second ranking, Bitcoin has overtaken Solanas position, with an impressive 93 % increase in the last seven days.
According to the data, the Bitcoin blockchains NFT volume stood at $26.3 million. The Bitcoin network has exhibited the strongest growth among all chains.
Solana moved to third place at $12.9 million, with a 19.3% drop during the last seven days.
Mythos Chain (MYTH) stood in fourth place at $10.8 million, with a 1.3% drop during the last seven days.
Polygon (POL) earned fifth place, showing a 12.3% increase in NFT sales volume. Ethereum accounted for the majority of wash trading at $3.05 million.
DMarket loses first ranking to $? BRC-20 NFTs
The sales volume of DMarket stood at $5.58 million, with a 2.7% drop during this timeframe.
DMarket lost its first ranking, which it had held for several weeks now to $? BRC-20 NFTs.
$? BRC-20 NFTs saw a 462% surge in NFT sales and stood at $10.45 million at press time.
Top NFT sales: Data from CryptoSlam
The data also shows that the following NFT collections topped the sales in the last week:
Read more: US Congressman Mike Collins buys ETH worth $80k
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Thune helped cosponsor a crypto bill in 2022 called the Digital Commodities Consumer Protection Act
North Korean Malware Targets macOS Users by Evading Apple Notarization
DeltaPrime Protocol Attacked on Arbitrum and Avalanche, Resulting in $4.8 Million Loss
Polymarket Founder Raided by FBI After Trump Win, Company Says
0.00