The non-fungible token market skilled a 23.4% bounce in gross sales between Aug. 19 and 24. Ethereum at the moment dominates the panorama, adopted by Solana and Polygon.
Previously week, CryptoSlam knowledge reveals gross sales volumes within the broader NFT market soared by 23.4%, to settle at just below $100 million. The uptick in exercise was accompanied by a practically 43% improve in NFT patrons, totaling 468,822, and a 41% rise in sellers, reaching 223,433.
Moreover, the market registered greater than 1.8 million transactions, with NFT merchants displaying rising curiosity in blue-chip collections and rising initiatives.
Ethereum maintains stronghold
By way of particular person blockchain performances, Ethereum (ETH) as soon as once more solidified its place because the dominant blockchain for NFTs, with gross sales reaching $36.4 million. This was a 34% improve from the earlier week.
As was the case within the earlier week, Solana (SOL) and Polygon (MATIC) additionally had spectacular performances, making huge contributions to the NFT market’s total development previously week. Solana recorded $18.45 million in gross sales, reflecting a 14.70% improve, with an astounding 61.18% rise in patrons to 202,167.
However, the weekly gross sales quantity on Polygon elevated by greater than 90%, to $12.49 million. The variety of NFT patrons on the blockchain additionally rose by 37.77% to 84,505.
Notable NFT gross sales and collections
The week’s NFT exercise was additionally marked by some main particular person NFT gross sales. As an illustration, on Arbitrum (ARB), the gETH Locked Deposit #158 fetched a powerful $256,513, making it one of many highest gross sales of the week.
Ethereum’s Zoth_Nibiru_Pool1 #4 additionally made headlines with a $250,000 sale, whereas Solana’s BOOGLE #61 boasted the third-highest price ticket of the week at $201,200.
CryptoPunks, DMarket shine
By way of collections, CryptoPunks — constructed on Ethereum — took prime spot after it attracted greater than $7.4 million in weekly gross sales. The quantity got here from simply 102 transactions — a 292% rise from final week’s numbers.
In the meantime, on the Mythos chain, DMarket generated $4.99 million in gross sales throughout 195,143 transactions, cementing its place as a big participant within the NFT ecosystem.
Bored Ape Yacht Membership maintained its relevance with a 21.46% improve in gross sales, pushing the quantity raked in to $3.58 million.
Though gross sales of NFTs from The Guild of Guardians assortment on Immutable (IMX) dropped by 12.25%, it nonetheless managed to remain within the prime 5, with barely greater than $3 million earned.
Lastly, rounding up the highest 5 collections by gross sales quantity was Sorare, which continued its run with about $2.6 million in gross sales. Nevertheless, the determine was a 27% drop from final week. The plunge was additionally witnessed within the variety of transactions, which went down by greater than 12%, based on CryptoSlam.
