NFT sales surge 34%, Ethereum network enjoys sales spike

The non-fungible token or NFT market has shown good growth amidst Bitcoin’s historic breakthrough past $100,000.

The rise in cryptocurrency prices continues as Ethereum (ETH) strengthens its position, gaining 3.5% in the last 24 hours and reclaiming the $4,000 level.

The capitalization of the global cryptocurrency market increased from $3.42 trillion last week to $3.67 trillion. This marks a 2.3% increase from the last day, with Bitcoin (BTC) trading around $99,611 at last check on Saturday. See below.

Source: CoinGecko

According to the latest data from CryptoSlam, the NFT market has experienced a huge rise, with total sales volume reaching $196.2 million. This represents a 34.23% increase over last week’s $146.5 million.

Market metrics show expansion across all key indicators:

NFT buyers increased to 693,833, representing a healthy growth of 20.29%. NFT sellers increased by 15.97% to 402,069. NFT transactions decreased slightly by 1.92% to 1,405,054 Ethereum Leads, marking huge growth.

The Ethereum NFT blockchain was the top performer, nearly doubling its sales volume to $100.9 million. This marks an increase of 97.33% in the last seven days. The network attracted 61,020 buyers, representing a growth of 23.15%. Notably, wash trade also increased by 52.79% to $18.2 million; This indicates that market activity has increased.

Source: NFT Blockchains by Sales Volume (CryptoSlam)

While Bitcoin’s NFT ecosystem maintained its second place, it experienced a slight decrease of 6.84%. The sales volume of the Bitcoin network was $45.1 million. However, the network continues to show strong user engagement with 67,188 buyers, up 22.38% from the previous period.

Solana (SOL) retained third place with sales of $16.2 million. Solana increased only modestly by 6.58%. However, the network has strong user participation with 269,871 buyers.

Mythos Chain and ImmutableX (IMX) are in the top five with sales of $11.2 million and $10.6 million, respectively.

Pudgy Penguins Leads the Collection Rankings

The announcement of PENGU token launches pushed Pudgy Penguins to the top with sales of $21.6 million. This represents an increase of 384.26% in the last seven days.

CryptoPunks follows closely behind with sales of $21.3 million, showing impressive growth of 173.86%. BRC-20 NFTs rose to third place with sales of $9.9 million, while Guild of Guardians Heroes and Uncategorized Ordinals rounded out the top five with sales of $8.9 million and $8.4 million, respectively.

Highest NFT sales: Data from CryptoSlam

Notable individual sales this week include:

Uncategorized Ordinals #876, sold for $7,512,996 (76.9998 BTC) CryptoPunks #2202, sold for $455,287 (125 ETH) MADinArt 18: iSteef #asset18, sold for $388,073 (365,481.5277 ADA) Azuki #5889, Sold for $455,287 $362,345 (100 ETH) Autoglyphs number 328 sold for $328,314 (90 WETH)

This week’s data reflects a maturing NFT market with major growth in both established collectibles and new entrants.