NFT Sees 8.5% Increase in Sales, Reaching $107 Million

NFTs have seen a remarkable boost recently. Sales volume has surged past $107 million. NFT buyers have also grown significantly, reaching 488,141. This marks an impressive 89.56% increase. At the same time, sales rose by 69.8%, totaling 198,450. This rise in both buyers and sellers indicates a more active and engaged market.

Solana and Bitcoin show growth, Ethereum leads

In the NFT market, Ethereum (ETH) is still at the top. With the help of 35,236 customers, $36.6 million in sales were recorded. Buyers have increased by 46.31% from the previous week.

Solana became a formidable rival with revenues of $26.15 million and a growth in customers of 114.07%. 

Bitcoin (BTC) also saw growth in its NFT market. Sales reached $21.4 million, driven by a remarkable 222.29% increase in buyers. This surge highlights Bitcoin’s growing presence in the NFT space.

Polygon (MATIC) encountered a drop in sales of more than 15%, falling to the 4th spot in the market. Immutable (IMX) followed closely behind. Zora and Blast made headlines with impressive sales increases. Zora saw a 463% rise in sales volume, while Blast achieved a 227% increase.

Top NFT Collectible Sales

Among the top NFT collections, Solana Monkey Business stands out with $4.86 million in sales. This represents a 168.38% increase. There was also a notable increase in buyers and transactions for the collection. The DMarket collection on the Mythos blockchain followed with $4.01 million in sales. However, it saw a decrease in transactions and buyers.

Immutable’s Gods Unchained Cards also saw strong performance, with $3.8 million in sales. This reflects a 61.35% increase. The collection experienced notable growth in transactions and buyers, showing increased interest in blockchain-based trading cards.

Best-selling fan tokens and NFTs

In individual sales, Ethereum’s Autoglyphs #167 led with a sale of $274,561. Bitcoin’s Protoshrooms followed at $148,574. Other notable sales included BNB’s kNFT: Locked kUSDT and Arbitrum’s Umoja Synths, showcasing the variety of NFTs across different blockchains.

Fan tokens also saw explosive growth. Galatasaray’s token on the Chiliz blockchain recorded $280.5 million in sales, a massive increase of 70149.47%. Significant sales were also recorded by FC Barcelona and Paris Saint-Germain, demonstrating the rising demand for NFTs with a sports theme.