NFT Sales Surge 37% to $144.8M: Immutable Ousts Ethereum

The NFT market has seen a remarkable resurgence, with sales volumes rising by 37.10% to reach $144.8 million. This increase aligns with Bitcoin's recent climb to $105,000. As participation in the market grows, Immutable has overtaken Ethereum for the first time in months, claiming the top sales spot.

Key Takeaways

NFT sales surged by 37.10%, hitting $144.8 million.
Immutable surpassed Ethereum in sales for the first time, reaching $41.7 million.
Ethereum's sales totaled $31.5 million, maintaining significant growth.
Bitcoin remains a strong player with NFT sales of $19.4 million.
The increasing NFT buyer and seller participation marks a healthy market environment.

NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

Main Content

Recent data from CryptoSlam indicates a significant rally in the NFT market, with sales soaring by 37.10% to a total of $144.8 million. This represents one of the most substantial weekly increases we’ve seen in recent months for this sector.

This surge aligns with Bitcoin's rise to the notable figure of $105,000. Meanwhile, Ethereum also noted a modest gain of 2.5% over the past week. Overall, the global cryptocurrency market cap increased slightly, moving from $3.28 trillion to $3.29 trillion.

In terms of market activity, the number of NFT buyers experienced a notable increase of 50.56%, bringing the total to 1,061,348. Additionally, NFT sellers rose by 8.09% to 38,494, while the total NFT transactions grew by 7.88%, hitting 1,749,437.

One of the most interesting developments is Immutable's ascension to the top sales position, overtaking Ethereum with an impressive $41.7 million in sales. This marks a staggering increase of 156.01% from the previous week, showcasing the rising popularity of this platform. This is particularly significant as it’s one of the first instances in months that Ethereum has lost its leading position.

Ethereum now holds the second spot with $31.5 million in sales, indicating a 6.69% growth. Interestingly, Ethereum's wash trading has seen a slight decrease of 2.91%, falling to $1.9 million.

Bitcoin stands firm in third place with NFT sales of $19.4 million, having increased by 22.55%. Meanwhile, Polygon has risen by 32.91% to grab fourth place with $18.5 million in sales. Mythos Chain completes the top five with $14.1 million.

In sixth place, BNB Chain has made its mark with $8.4 million in sales, climbing 47.59%. Solana follows in seventh place, achieving $6.3 million, which is a growth of 5.30%.

Across all major blockchains, the buyer count has increased substantially, led by Polygon with a 35.63% growth rate, followed by Solana at 27.41% and Bitcoin at 23.22%.

The collection rankings highlight that Guild of Guardians Heroes has taken the lead with sales reaching $24.7 million, a remarkable increase of 132.53%. This collection has profited greatly from Immutable's recent surge.

The second place is held by Courtyard on Polygon, which amassed $17.2 million in sales, reflecting a robust growth of 36.33%. Guild of Guardians Avatars secures third position with $10.3 million, more than doubling thanks to a growth of 108.61%.

DMarket remains steady in fourth place with sales of $8.9 million while showing minimal growth of 0.15%. Finally, Uncategorized Ordinals on Bitcoin has entered the top five, achieving $7.6 million in sales with an astronomical surge of 1,556.66%.

Notably, CryptoPunks has entirely dropped out of the top collection rankings, marking a significant decline from its previous sixth-place status.

This week also featured some standout high-value sales, showcasing the ongoing vibrancy and dynamic nature of the NFT market.