Based mostly on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market skilled a energetic 24.33% enhance in gross sales in comparison with the earlier week. Gross sales reached a powerful $99.05 million, with Ethereum-based NFTs main the cost at $36.62 million.
NFT Market Booms With Ethereum on the Helm Reaching $99M in Gross sales
This week, cryptoslam.io metrics present the NFT scene noticed a wholesome 24.33% uptick from the earlier week. Not solely that, however the variety of NFT patrons shot up by 42.96%, and sellers weren’t far behind, with a 41.53% enhance. Ethereum took the crown as the highest blockchain for NFT gross sales, raking in $36.62 million. Following carefully was Solana, which generated $18.43 million, marking a 14.4% rise in gross sales.
Polygon secured the third spot, amassing $12.52 million in NFT gross sales, whereas Bitcoin-focused NFTs got here in slightly below that with $12.14 million. Mythos rounded out the highest 5 chains, bringing in a bit over $5 million. Amongst collections, Ethereum’s Cryptopunks led the pack with $7.65 million in whole gross sales.
Mythos’ Dmarket claimed second place by pulling in $4.99 million, adopted by Ethereum’s Bored Ape Yacht Membership (BAYC), which introduced in $3.59 million this week. The priciest NFTs this week weren’t as extravagant as in earlier weeks. The highest sale was Arbitrum’s GETH Locked Deposit, which fetched $256,000. An Ethereum NFT named Zoth Nibiru offered for $250,000, and Solana’s Boogle #061 modified arms for $200,000 simply 5 days in the past.
The enhance in NFT gross sales, coupled with the numerous enhance in patrons and sellers, hints at a renewed enthusiasm for digital collectibles throughout varied blockchains. Whereas Ethereum continues to dominate, different chains like Solana, Polygon, and Bitcoin are making strides, indicating a extra numerous market. The comparatively reasonable costs of the highest NFTs this week may counsel a extra cautious method from traders.
