The non-fungible token market has recorded an upward spike this week, marked by a significant rise in Ethereum, Solana and Bitcoin NFT trading sales volume. Nonetheless, the NFT market has gone contrary to the expectation of many crypto investors amid the recent crypto market rally, as the majority of investors anticipated a stronger NFT bull market.
NFT Sales Pump 20% This Week
Data compiled by Cryptoslam.io, an on-chain market data aggregator, indicates that the global non-fungible token market has gained a positive surge this week. In the past seven days, the NFT market has amassed a trading sales volume of $458 million, representing a 20% surge from the past week.
The non-fungible token market surge has been attributed to the recent crypto market rally, which left the flagship crypto ‘Bitcoin’ pumping above $68,000 levels for the first time in two years. The last time Bitcoin attained such highs was in 2021 during the historic general crypto market, which left Altcoins and NFTs reaching their all-time highs.
Bitcoin, the same blockchain network powering the flagship crypto Bitcoin, has been the most traded blockchain network in the NFT market this week. In the past seven days, Bitcoin-based NFT collections have recorded a trading sales volume of $180 million, representing a 38% surge from the past week.
Ethereum, the most adopted blockchain network in the NFT market, has been the second most traded blockchain network in the NFT ecosystem this week. In the past seven days, the Ethereum-based NFT collection has attracted a trading sales volume of $165 million, representing an 11% surge from the past week.
Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been the third most traded blockchain network in the NFT market. In the past seven days, the Solana-based NFT collection has recorded a trading sale volume of $66 million. Solana NFT sales volume has surged 12% from the past week.
BNB Chain and Mythos Chain have been the fourth and fifth blockchain networks in the NFT market this week. In the past seven days, BNB Chain-based NFT collection has amassed a trading sales volume of $8.7 million, while Mythos Chain-based NFTs have recorded a sales volume of $7.6 million.
Top Selling NFTs This Week
Source: CryptoSlam.io, top selling NFTs in the past 7 days
1. Bitcoin Ordinals Collection
Bitcoin Ordinals, an NFT collection created on the Bitcoin blockchain network using the Ordinal protocol, is the most-selling NFT collection this week. In the past seven days, Bitcoin Ordinals have amassed a trading sales volume of $45 million. Bitcoin Ordinal NFT trading sales volume has surged 48% this week.
2. NodeMonkes NFT Collection
NodeMonkes, an NFT collection featuring a limited set of 10,000 NFTs hosted on the Bitcoin blockchain networks, is this week’s second most-selling NFT collection. In the past seven days, NodeMonkes NFT collection has amassed a trading sales volume of $44 million, representing a 75% surge from the past week.
3. CryptoPunks NFT Collections
CryptoPunks, an NFT collection from the digital asset firm Larva Labs featuring a limited supply of 10,000 NFTs hosted on blockchain networks, is this week’s third most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has attracted a trading sales volume of $24 million. CryptoPunks NFT sales volume has surged 187% from the past week.
4. $NATCATS Tap NFT Collection
$NATCATS, an NFT collection created on the Bitcoin blockchain network using ordinal theory, is the fourth most-selling NFT collection this week. In the past seven days, the $NATCATs NFT collection has recorded a trading sales volume of $11 million. $NATCATs NFT sales volume has surged 166% from the past week.
5. Pandora NFT Collection
Pandora, an NFT collection of 10,000 replicants bound to the first tokens built on ERC404, an experimental token standard, has been the fifth most-selling NFT collection this week. In the past seven days, the Pandora NFT collection has recorded a trading sales volume of $11.7 million.
Source: CryptoSlam.io, top selling NFTs in the past 7 days
6. Pudgy Penguins NFT Collection
Pudgy Penguins, an NFT collection featuring a limited edition of 8,888 NFT collections hosted on the Ethereum blockchain, is this week’s sixth most-selling NFT collection. In the past seven days, Pudgy Penguins has amassed a trading sales volume of $11.4 million. The Pudgy Penguins NFT sales volume has surged 127% from the past week.
7. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, an NFT collection from the digital asset incubation studio Yuga Labs, featuring a fixed supply of 10,000 hosted on the Ethereum blockchain network, is this week’s seventh most-selling NFT collection. In the past seven days, Bored Ape Yacht Club has raised a trading sales volume of $10.4 million.
8. Froganas NFT Collection
Froganas, an NFT collection featuring a limited edition of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week’s eighth most-selling NFT collection. In the past seven days, Froganas has recorded a sales volume of $10.2 million. The Froganas NFT sales volume has increased 37% from the past week.
9. Ordinal Maxi Biz NFT Collection
Ordinal Maxi Biz, an NFT collection created on the blockchain network, is the ninth most-selling NFT collection this week. In the past seven days, the Ordinal Maxi Biz NFT collection has recorded a trading sale volume of $7.7 million. The Ordinal Maxi NFT sales volume has surged 211% from the past week.
10. HychainNodeKey NFT Collection
HychainNodeKey, an NFT Collection created on the Ethereum blockchain network, has been the tenth most-selling NFT collection this week. In the past seven days, HychainNodeKey has recorded a trading sales volume of 7.5, closing our ten top-selling NFT collections this week.
Most Expensive NFTs Sold This Week
The CryptoPunks #3100 was the most expensive NFT collection sold this week, selling for over $16 million four days ago. LockDeal NFT #40081 is another most expensive NFT collection sold this week, selling for $416,504 seven days ago. Boogle #071 was the third most expensive NFT sold this week, selling for $355,365 three days ago.
Related NFT News:
- DeGods NFT Creator Faces Criticism Over Low Allocation Of Wormhole Tokens
- Top Selling NFTs This Week – Bored Ape, NodeMonkes & Froganas Take The Top Ranks
- NFTs Are Skyrocketing In Value Again – This CryptoPunk NFT Has Sold For $16M
