NFT Sales Soar 24% as Ethereum Takes the Lead This Week

Based mostly on statistics collected between August 17 and 24, 2024, the non-fungible token (NFT) market noticed a vibrant 24.33% improve in gross sales in comparison with the earlier week. Income reached a formidable $99.05 million, with Ethereum-based NFTs main the cost with $36.62 million.

NFT market is booming with Ethereum on the helm, reaching $99 million in gross sales

This week, stats from cryptoslam.io present that the NFT scene noticed a wholesome improve of 24.33% from the week earlier than. Not solely that, however the variety of NFT patrons skyrocketed 42.96%, and sellers weren’t far behind, up 41.53%. Ethereum took the crown as the highest blockchain for NFT gross sales, elevating $36.62 million. Solana adopted carefully behind, producing $18.43 million, representing a 14.4% improve in income.

Polygon secured the third spot, racking up $12.52 million in NFT gross sales, whereas Bitcoin-focused NFTs got here in slightly below with $12.14 million. Mythos rounded out the highest 5 chains, elevating simply over $5 million. Amongst collections, Ethereum’s Cryptopunks led the pack with whole income of $7.65 million.

Mythos’ Dmarket claimed second place with $4.99 million, adopted by Ethereum’s Bored Ape Yacht Membership (BAYC), which raised $3.59 million this week. This week’s costliest NFTs weren’t as extravagant as in earlier weeks. The highest sale was Arbitrum’s GETH Locked Deposit, which raised $256,000. An Ethereum NFT referred to as Zoth Nibiru offered for $250,000, and Solana’s Boogle #061 modified arms simply 5 days in the past for $200,000.

The rise in NFT gross sales, coupled with the numerous improve in patrons and sellers, alerts a renewed enthusiasm for digital collectibles on numerous blockchains. Whereas Ethereum continues to dominate, different chains akin to Solana, Polygon and Bitcoin are making progress, indicating a extra various market. The comparatively muted costs of the highest NFTs this week may sign a extra cautious strategy from buyers.