Based on data collected from August 17 to August 24, 2024, the non-fungible token (NFT) market experienced a brisk 24.33% increase in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the way at $36.62 million.
NFT Market Thriving with Ethereum Leading the Way, Sales Reach $99M
This week, cryptoslam.io metrics show that the NFT scene has seen a healthy growth of 24.33% compared to the previous week. Moreover, the number of NFT buyers jumped by 42.96%, and sellers were not far behind, showing a growth of 41.53%. Ethereum took the crown as the top blockchain for NFT sales, bringing in $36.62 million. Solana followed closely behind, bringing in $18.43 million, representing a 14.4% increase in sales.
Polygon took third place, raising $12.52 million in NFT sales, while Bitcoin-focused NFTs were just below at $12.14 million. Mythos rounded out the top five chains, raising just over $5 million. Among collections, Ethereum-based Cryptopunks led the way with total sales of $7.65 million.
Mythos’ Dmarket came in second, earning $4.99 million, followed by Ethereum’s Bored Ape Yacht Club (BAYC), which earned $3.59 million this week. The most expensive NFTs this week weren’t as extravagant as previous weeks. The top seller was Arbitrum’s GETH Locked Deposit, which brought in $256,000. Ethereum’s Zoth Nibiru NFT sold for $250,000, and Solana’s Boogle #061 changed hands for $200,000 just five days ago.
The surge in NFT sales, coupled with significant growth in buyers and sellers, hints at renewed enthusiasm for digital collectibles across multiple blockchains. While Ethereum continues to dominate, other chains like Solana, Polygon, and Bitcoin are making gains, pointing to a more diverse market. The comparatively moderate prices of top NFTs this week may indicate a more cautious approach from investors.
