NFT Market Witnesses 10.10% Surge in the Last 7 Days Hitting $85.9 Million in Sales

The Nonfungible token (NFT) market has witnessed a 10.10% surge in the last 7 days hitting $85.9 million in sales.

The Nonfungible token (NFT) market has hit $85.9 million in sales over the last 7 days, marking a 10.10% surge.

NFT tracker CryptoSlam reports that NFT sales volume reached $85.9 million in just seven days.

This figure is significantly higher compared to the last two weeks of September, when NFT sales volume hovered around $60-70 million.

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NFT sales volume surged by 21.73%, with NFT buyers rising to 794,763. In contrast, NFT sellers decreased by more than half to 377,711.

Another crucial metric, NFT transactions, also aligned with the surge in NFT sales volume. NFT transactions surged by over 64.72% in the last seven days, reaching 1,2956,201.

After discussing the details of the surge in the NFT sector, let's take an in-depth look at the networks that achieved the highest sales during this period.

Ethereum leads the pack in terms of high NFT sales volume, according to data from Crypto slam. The network alone generated over $27.48 million in NFT sales volume.

However, wash trading accounted for $3.3 million of the total NFT sales on Ethereum. The number of Ethereum NFT buyers also increased by 12.49%, reaching 55,859.

Following Ethereum in terms of NFT sales volume is the Bitcoin Network, which ranks second on the list with $12.62 million in total sales. Despite this impressive figure, sales have dropped by 40% over the last seven days.

The Solana chain comes in third place with $11.8 million in sales, closely followed by Mythos Chain (MYTH), Polygon (POL), and Binance Coin with $11.8 million, $10.6 million, and $3.35 million in sales, respectively.

Bitcoin and Solana were responsible for $887,810 and $701,810 in wash trading, respectively. The Solana network had the highest number of buyers at 393,044.

Hot selling NFT collections

The DMarket collection had the highest sales over the week, generating $11.29 million in sales - the highest in the last seven days. These sales were made in over 396,801 transactions.

The Guild of Guardians collection came in second place with $3.19 million in sales over 5389 transactions.

Coming in third on the list of best-selling NFT collections is Ethereum-based CryptoPunks. During this period, CryptoPunks recorded a sales volume of $2.89 million.

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