NFT

Digital Collectibles Explode—Cryptopunks Soar 665% Amid $179M NFT Market Surge

Published

12 months ago

November 17, 2024

Whereas the crypto markets had been buzzing this week, non-fungible token (NFT) gross sales adopted the same trajectory, up a formidable 90.74% in comparison with the week earlier than.

Ethereum and Bitcoin NFT collections create a $179 million weekly bonanza

From November 9 to November 16, NFT gross sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead amongst 21 blockchains, amassing $67.72 million in gross sales within the seven days – 126.79% larger than final week’s figures. Bitcoin-focused NFTs secured the second place with gross sales of $59.96 million, up 129.22%. Solana-based digital collectibles rounded out the highest three, recording gross sales of $24.39 million, up 91.85% from the earlier week.

The Blast blockchain noticed a staggering 256.30% improve previously week, however solely managed $718,850 in complete gross sales quantity. Topping the charts was the Bitcoin BRC20 NFT assortment, which generated $28,143,193 in gross sales – up 165.96% from the earlier week. Shut behind was Cryptopunks, which generated $23,171,042 in gross sales in seven days. The long-lasting assortment elevated by 665.29% in comparison with final week’s efficiency.

Different notable collections included Bitcoin Puppets, Dmarket, Bored Ape Yacht Membership (BAYC), Nodemonkes, Guild of Guardians, Doodles, Zereborn and Pudgy Penguins. The most costly NFT sale of the week was an Ethereum-based Sensible Lending NFT, which fetched $678,379 simply six days in the past. On Solana, Boogle #076 was priced at $269,314 three days in the past, whereas on Bitcoin, an Uncategorized Ordinal was priced at $105,365 throughout the identical interval.

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The newest NFT gross sales knowledge highlights a dynamic market, with vital positive aspects throughout main blockchains and collections. Ethereum maintains its dominance, however the rise of Bitcoin underlines its rising enchantment within the NFT ecosystem. In the meantime, area of interest collections and smaller platforms like Blast are carving out their very own house, signaling continued diversification and innovation within the digital collectibles house.