NFT Sales Surge to $109 Million Despite Crypto Market Dip
Over the last week, the market for non-fungible tokens (NFTs) has shown remarkable resilience, witnessing a notable 8.1% increase in sales to a total of $109 million, despite broader declines in cryptocurrency values.
The highest individual sale was Cryptopunk #2, fetching $386,916, closely followed by Solana’s Boogle #089, which sold for $191,517, and Arbitrum’s GUSDC Locked Deposit #201, reaching $90,744. Ethereum maintained its dominance in blockchain-based NFT transactions, accounting for $36.48 million of the total weekly sales.
According to data from cryptoslam.io as of July 6, 2024:
– Ethereum-based NFT sales surged by 14.04% from the previous week.
– Solana secured the second position with $22.46 million in sales, marking a robust 39.03% growth.
– Polygon ranked third with $19.66 million, albeit experiencing a slight decline of 5.36%.
– Bitcoin followed with $15.72 million in sales, down by 14.7% from the previous week.
– Mythos captured fifth place with $4.21 million in sales, showing a 4% decrease, yet led in volume with its Dmarket NFT collection grossing $3.95 million.
Top NFT collections included Pudgy Penguins at $3.32 million and Base Ape Polygon at $3.17 million in sales, respectively. Solana’s Dogezuki collection secured fourth place with $3.14 million, while Solana’s Mad Lads collection brought in just over $3 million.
The week saw a significant increase in NFT buyers by 20.93%, totaling 809,923, and a 14.05% rise in sellers to 363,190. Overall, there were 2,042,431 NFT transactions recorded, reflecting a robust 45.57% surge from the previous week.
Share your thoughts on last week’s NFT market performance in the comments below.
