Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $32.59 million, a 5.95% increase.

NFT Market Gains Modest Momentum This Week

Solana followed as the second leading blockchain, with NFT sales totaling $27.33 million, marking an 18.16% rise from the previous week. According to cryptoslam.io stats, Bitcoin ranked third, recording $17.43 million in sales, reflecting a 16.39% decline from last week. Completing the top five blockchains by sales this week were Polygon and Immutable X, following ETH, SOL, and BTC.

The leading digital collectible collection this week was Solana Monkeys, which accumulated $4.94 million, marking a 16.62% increase. Mythos’ Dmarket followed closely as the second top NFT collection with $4.2 million, up 4.97%. Solana’s Dogezuki ranked third in NFT sales this week, bringing in $3.24 million. These collections were trailed by Immutable X’s Gods Unchained and Guild of Guardians.

The highest NFT sale of the week was a BTC-centric NFT, which sold for $877,068 four days ago. The second most expensive NFT sale in the past seven days was the Arbitrum NFT GETH Locked Deposit #146, which fetched $583,047 five days ago. A BNB-based Lockdeal NFT #61765 garnered $355,618 three days ago, while an Ethereum-centric Bull Shark #1052 sold for $338,895, also three days ago.

Additionally, the Solana-based Deeznode #034 sold for $71,400 on Magic Eden five days ago. This week’s trends indicate a shifting landscape where innovation and adoption patterns are subtly reshaping the digital collectibles market. As blockchain platforms compete for dominance and new collections emerge, the next chapter promises further complexities and opportunities within the NFT ecosystem.

Source : Bitcoin.com - Jul 27, 2024