NFT Weekly Sales Volume Surges 22.5% to $93 Million as Ethereum Dethrones Bitcoin in Sales Volume-web3.0-php.cn

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NFT Weekly Sales Volume Surges 22.5% to $93 Million as Ethereum Dethrones Bitcoin in Sales Volume

Linda Hamilton

Oct 20, 2024 am 06:56 AM

BitcoinNFT Sales Ethereum network

As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse:

NFT Weekly Sales Volume Surges 22.5% to Million as Ethereum Dethrones Bitcoin in Sales Volume

Non-fungible token (NFT) sales volume has surged 22.5% over the last seven days and now stands at $93 million, the latest data shows.

As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse:

Ethereum vs. Bitcoin

Bitcoin (CRYPTO: BTC), which has been maintaining its top position, has been dethroned by Ethereum (CRYPTO: ETH) in terms of sales volume in the last seven days.

Ethereum NFT sales volume has surged from last week’s $26.6 million. The sales have seen an uptick of over 30% and stand at $33.4 million at press time.

Bitcoin has also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million.

However, when it comes to Ethereum, $5.3 million of the volume accounted for wash trading. This is considerably higher compared to Bitcoin’s wash trading of $902,000.

Cryptoslam data shows that Solana (CRYPTO: SOL) has stood robust in its third position, just like last week. Solana’s weekly NFT sales volume stood at $16.6 million.

Mythos Chain (CRYPTO: MYTH) and Polygon (CRYPTO: MATIC) earned the next two positions in the leaderboard with $5.5 million and $3.9 million in sales, respectively.

Concerning the number of NFT buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% surge from last week’s 60,115.

DMarket maintains its first position for over three weeks

Just like the last two weeks, DMarket maintains its ranking with the highest sales — $5.2 million. However, the sales are down by almost 30% from last week’s $8.02 million.

Uncategorized Ordinals is second on the list with $4.86 million in sales. This NFT collection has seen an 1,800% surge in sales in the last seven days.

According to Cryptoslam, these are the top NFT sales from the last seven days:

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