NFT Sales Skyrocket 94% to $178.8M, Ethereum Takes Lead

The NFT market has witnessed a dramatic resurgence, with sales volume surging 94.1% to $178.8 million over the past week, according to CryptoSlam data. This surge coincides with Bitcoin’s latest rally, peaking at an all-time high of $93,434.36 before a slight retracement to $91,295. Meanwhile, the global cryptocurrency market capitalization has grown 4% to $3.03 trillion.

Ethereum Leads NFT Market Growth

Ethereum continues to dominate the NFT ecosystem, recording $67.5 million in weekly sales—a 130% increase. The platform also experienced a 48.03% rise in buyers, reaching 32,064.

Bitcoin’s NFT activity has also surged, taking second place with a 139.46% increase to $59.2 million in weekly sales. Solana follows in third with $24.4 million, marking a 94.65% uptick. Mythos Chain and Immutable round out the top five, reporting $10.8 million and $4.75 million in sales, respectively.

Explosive Growth in NFT Participation

The total number of NFT buyers has grown by an astounding 251.19%, reaching 294,626, while sellers increased by 236.89% to 189,367. This heightened activity underscores renewed enthusiasm in the NFT sector.

Top-Selling NFT Collections

The resurgence in NFT sales was led by prominent collections:

• CryptoPunks: Secured second place with $23.2 million in weekly sales, marking a remarkable 688.74% increase.
  • CryptoPunks #8958 sold for $519,009 (169.69 ETH).
  • CryptoPunks #6472 sold for $463,724 (149.5 ETH).
  • CryptoPunks #1219 sold for $453,302 (140 ETH).
• BOOGLE #BC4biTu: Sold for $269,314 (1250.02 SOL).

Additionally, BRC-20 NFTs retained their momentum, posting $28.1 million in sales, reflecting a 207.87% rise.

This remarkable performance positions NFTs for continued growth, buoyed by strong investor demand and expanding blockchain ecosystems.

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