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Digital Collectibles Explode—Cryptopunks Soar 665% Amid $179M NFT Market Surge

Digital Collectibles Explode—Cryptopunks Soar 665% Amid $179M NFT Market Surge WikiBit 2024-11-17 05:04

With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory,

With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week.

Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza

From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales over the seven-day period—126.79% higher than last weeks figures. Bitcoin-focused NFTs secured the second position with $59.96 million in sales, representing a 129.22% boost. Solana-based digital collectibles rounded out the top three, recording $24.39 million in sales, up by 91.85% compared to the previous week.

The Blast blockchain experienced a dazzling 256.30% increase this past week but managed to achieve only $718,850 in total sales volume. Topping the charts was the Bitcoin BRC20 NFT collection, which raked in $28,143,193 in sales—a 165.96% boost from the previous week. Hot on its heels was Cryptopunks, which generated $23,171,042 in sales over the seven-day span. The iconic collection soared 665.29% compared to its previous weeks performance.

Other standout collections included Bitcoin Puppets, Dmarket, Bored Ape Yacht Club (BAYC), Nodemonkes, Guild of Guardians, Doodles, Zereborn, and Pudgy Penguins. The priciest NFT sale of the week was an Ethereum-based Wise Lending NFT, which fetched $678,379 just six days ago. Over on Solana, Boogle #076 commanded a price of $269,314 three days back, while on Bitcoin, an Uncategorized Ordinal went for $105,365 during the same period.

The latest NFT sales data highlights a dynamic market, with significant gains across leading blockchains and collections. Ethereum maintains its dominance, but Bitcoins surge highlights its growing appeal in the NFT ecosystem. Meanwhile, niche collections and smaller platforms like Blast are carving out their own space, signaling continued diversification and innovation in the digital collectibles arena.

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