NFT Market Flourishes: Sales Surge by 11% This Week

The latest data on non-fungible token (NFT) sales reveals a notable increase of 11.60% for this week compared to the previous week. Moreover, there has been a staggering 95.20% surge in the number of individual buyers purchasing NFTs, with a total of 664,096 buyers recorded in the past seven days.

As of June 20, 2023, NFT sales for the week have experienced a modest rise, totaling just over $146 million. This represents an approximate increase of 11.60% compared to the previous seven days.

Despite a slight dip of 1.99% in the number of NFT transactions, which amounted to 2,271,293 last week, there has been a significant surge in the number of NFT buyers, indicating a growing interest in the market. Statistics reveal that approximately 664,096 buyers have participated in NFT purchases within the past seven days.

Out of the total NFT sales amounting to $146 million, a significant portion of $85.43 million was attributed to ETH-based NFTs, while $21.38 million came from BTC-centric NFTs. Notably, Bitcoin-based NFTs have consistently maintained their second position among blockchains in terms of sales for several consecutive weeks.

NFT-volume

NFT Sales Surge This Week, Bitcoin-NFTs Maintain Second Place

ETH-based NFT sales experienced a spike of 18.11% within a week, showcasing the growing demand for these tokens. BTC-based NFT sales also saw a healthy increase of 10.84% compared to the previous week. In addition to ETH and BTC, other prominent blockchains for weekly NFT sales include Solana, BNB Chain, and Mythos.

Claiming the top position for NFT sales this week is the collection called “Uncategorized ordinals,” which amassed an impressive $12.18 million in sales. Following closely behind is the Grails II collection sold by the luxury auction house Sotheby’s, generating approximately $7.67 million in sales.

Completing the roster of the top five collections are the Bored Ape Yacht Club (BAYC), Dmarket, and Gods Unchained NFT card sales. Mutant Ape Yacht Club (MAYC) and Azuki are also emerging as strong contenders, closely trailing the top five collections.

Furthermore, among the five most expensive NFT sales this week, two noteworthy NFTs from Sotheby’s Grails II collection secured spots on the list, with the highest sale reaching an impressive $5.4 million. Additionally, two NFTs originated from the Uncategorized ordinals collection, while one NFT emerged from the BNB chain.

The NFT market continues to exhibit growth and diversity, with increased sales and buyer participation. As different collections gain prominence and blockchain platforms experience significant sales, the future of NFTs remains dynamic and promising.

 

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