NFT Sales Surge by 37% to $88.2 Million, Bitcoin Sales Rocket by 144%

Recent data from CryptoSlam reveals a notable jump in NFT sales, which have soared 37.41% to reach $88.29 million this week. Bitcoin sales also experienced a significant increase, climbing by 144.41%. As the market continues to expand, both participation from buyers and sellers has risen sharply.

Key Takeaways

NFT sales skyrocket to $88.29 Million, a 37.41% increase from the previous week.
Bitcoin sales jumped 144.41%, totaling $29.95 million.
The $X@AI BRC-20 NFT collection led with $23.14 million in sales, marking a staggering 1,099.81% increase.
Participation from NFT buyers rose by 22.90%, with sellers increasing by 24.17%.

NFT sales skyrocket 37%, Bitcoin sales jump 144%

Current NFT Market Landscape

According to data collected by CryptoSlam, the NFT sales volume increased remarkably by 37.41% to $88.29 million, up from last week's $65.58 million. This surge reflects a robust market, as the number of NFT buyers grew by 22.90% to a total of 342,044, while sellers increased by 24.17% to 242,004. Overall, NFT transactions saw a 10.54% rise, totaling 937,495.

Major Sales Increases in BRC-20 NFTs

The $X@AI BRC-20 NFTs on the Bitcoin blockchain surged to the forefront with an impressive $23.14 million in sales, demonstrating a massive rise of 1,099.81%. The collection managed to achieve this volume from just 12 transactions, showcasing a high concentration of value driven largely by a single high-value sale.

DMarket on the Mythos blockchain dropped to the second position with $6.04 million in sales, up 14.37% from last week’s $5.32 million. This collection had a total of 166,295 transactions involving 14,191 buyers and 11,431 sellers.

NFT sales by volume
Source: Top Collections by NFT Sales Volume (CryptoSlam)

YES BOND on BNB managed to secure the third position with $2.72 million in sales, marking a 24.76% increase from last week's $2.15 million. This collection totaled 2,221 transactions with 1,872 buyers and only 2 sellers.

CryptoPunks held the fourth rank with sales of $2.69 million, up 6.93% from $2.51 million last week, processing 31 transactions with 23 buyers and 26 sellers. Meanwhile, Pudgy Penguins made a notable leap to fifth place with $2.39 million in sales, surging by 52.12% through 191 transactions with 109 buyers and 107 sellers.

Lastly, Courtyard on Polygon fell to sixth place, recording $2.19 million, a significant drop of 56.09% from last week when it reached $4.99 million, despite accounting for 35,920 transactions.

Bitcoin's Remarkable Sales Growth

In a surprising turn of events, Bitcoin has overtaken Ethereum in total sales. This week, Bitcoin's sales reached $29.95 million, marking a robust increase of 144.41% from last week’s $12.12 million. Including $44,381 in wash trading, Bitcoin's total sales amount to $29.99 million, with a 25.29% increase in buyers to 11,948.

Bitcoin

In contrast, Ethereum slipped to second place with $27.57 million in sales, which represents a 39.08% increase from the $20.88 million recorded last week. Ethereum’s wash trading reached $3.24 million, and the number of buyers rose by 22.13% to 23,570.

BNB Chain held its place in third with $7.00 million, showing a decrease of 10.70% from last week’s $7.77 million, while buyers increased by 19.95% to 49,296.

NFT sales skyrocket 37% to $88.2M, Bitcoin sales jump 144% - 1
Source: Blockchains by NFT Sales Volume (CryptoSlam)

Mythos Chain took the fourth position with $6.17 million, up 15.31% from $5.46 million last week, attracting 34,085 buyers, which is a 43.58% increase. Immutable secured fifth position with $3.26 million and a minimal growth of 0.73% from $3.20 million, while the number of buyers grew by 24.09% to 6,037.

Base made a significant leap to sixth at $3.11 million, marking an impressive 111.10% increase, though it also had $4.87 million in wash trading. The number of buyers on Base rose by 12.61% to 86,317. In contrast, Polygon dropped to seventh place with $3.09 million, showing a steep decline of 49.42% from last week’s $6.06 million, while the number of buyers increased by 34.89% to 73,483. Lastly, Solana ranked eighth with $2.89 million, a slight increase of 2.83% from $2.93 million last week and an increase in buyers by 15.14% to 38,162.

Noteworthy NFT Sales Highlights

Notably, a $X@AI BRC-20 NFT set a new record with a $17.13 million sale (195.0081 BTC) just four days ago. Additionally, two other $X@AI BRC-20 NFTs followed closely behind in sales records. In the top five sales, two CryptoPunks also made a significant impact.

As the market continues to evolve, these trends indicate growing activity in both NFT and cryptocurrency sales, presenting opportunities for participants and investors alike.