NFT Collections Drive Market Recovery With a 3.74% Increase in Weekly Sales
NFT sales have experienced a 3.74% increase compared to the previous week, totaling $236,234,800 over the past seven days. The latest rise defies the pattern of consecutive weeks marked by declining NFT sales.
NFT Sales Climb Higher, Defying Recent 2-Week Downtrend
The top-performing NFT collection in terms of sales this week was Bitcoins Uncategorized Ordinals, which achieved $12 million in sales, marking a significant 36.90% increase compared to the previous week. Solanas Froganas collection also performed well, accumulating $7.79 million in sales, reflecting a 22.95% gain since the prior week. Meanwhile, Avalanches Dokyo collection recorded sales amounting to $7.74 million, representing a 30.39% increase week over week.
Other notable NFT collections, included the Gods Unchained card compilation on Immutable X and Mythos Dmarket NFT collection. Both collections experienced increases in NFT sales, rising by 25.51% and 27.27%, respectively. In terms of blockchain dominance in sales, Ethereum took the lead this week, securing $76.74 million in sales, marking a solid 2.3% increase compared to the previous week. Bitcoin followed closely, claiming the second position with $63.93 million in sales, showing a substantial 16.66% growth since the previous week.
Solana, while still performing well, secured the third rank with sales totaling $49.23 million, though it experienced a slight 8.9% decline. Additionally, in the realm of noteworthy blockchain gainers, Arbitrum made a significant leap with a 108.51% increase, while BNB Chain also exhibited a jump of 89.61% in its NFT sales performance this week. This brings us to the weeks highest-priced NFT sale, Cryptopunk #5363, which garnered a staggering $1.53 million just three days prior.
The NFT titled geth locked deposit, minted on Arbitrum, fetched a handsome sum of $344,075 merely two days back, while Solanas Boogle #083 found a new owner for $253,422. Theres been a distinct number of valuable NFTs from the Axie Infinity collection sold (minted on Ronin), and this week is no different as Durendal was sold for $244,275 three days ago. Completing the weeks top five priciest NFTs, Bitcoins Punk #60 achieved a sale price of $169,266, just past the 24-hour mark.
What do you think about this weeks NFT sales action? Share your thoughts and opinions about this subject in the comments section below.
Source: Bitcoin.com
The post NFT Collections Drive Market Recovery With a 3.74% Increase in Weekly Sales appeared first on Crypto Breaking News.
Text source: Crypto Breaking News
