NFT Sales Pump 8% This Week – Are NFTs Now Ready For The Next Bull Run?

On Jul 30, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The non-fungible token returns to an upside trajectory after plummeting for four consecutive weeks. The NFT market slump began sometime last month and has left many NFT floor prices shielding more than 70% of their value.

NFT Sales Pump 8% This Week

Data compiled by CryptoSlam.io, an on-chain data aggregator, indicates that the non-fungible token has returned to another uptrend. In the past seven days, the global NFT market has attracted a trading sales volume of $108 million, representing an 8.76 % increase from the previous week.

Source: CryptoSlam.io,NFT Sales in the past 7 days

Non-fungible tokens hosted on Ethereum, one of the oldest and most established blockchain networks, dominate the NFT market this week. Ethereum-based NFTs have attracted a trading sales volume of almost $70 million in the past seven days. These NFTs have surged 17% in the past week.

Digital collectibles hosted on Solana, a decentralized computing network that uses SOL to pay for transactions, have distantly followed Ethereum NFTs, recording a trading sales volume of more than $6 million in the past seven days. During this period, Solana NFTs have plunged 11% in sales volume.

Source: CryptoSlam.io, NFT Sales by blockchains

Non-fungible token hosted on BNB Chain, a community-driven, decentralized and censorship-resistant blockchain from crypto exchange Binance, ranks third this week after recording a trading sales volume of $5.8 million. BNB Chain NFTs have pumped 18.57% in their trading sales in the past seven days.

Digital collectibles hosted on Mythos, a blockchain network that democratizes the gaming world and allows players and creators to participate in the value chain, take the fourth position this week. Mythos NFTs have attracted a trading sales volume of $5.1 million, representing a 10% rise from the past week.

Immutable X NFTs have attracted a trading sales volume of $5.1 million, closing our top traded NFT list by blockchain this week. It is worth noting that Bitcoin NFTs and Polygon NFTs have seen a shortfall in trading sales volume this week, recording just $4.9 million and $4.5 million, respectively.

Top Traded NFTs In The Past 7 Days

Source: CryptoSlam.io, top traded NFTs

1. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, an NFT collection from digital asset incubation Yuga Labs featuring a fixed set of 10,000 NFTs, has been the most traded NFT collection this week. In the past seven days, the NFT collection has recorded a trading sales volume of $5.3 million. Bored Ape Yacht Club NFT sales have pumped 30% this week.

2. DMarket NFTs

DMarket, an NFT collection from DMarket, a cross-chain marketplace to trade all possible NFTs and virtual items, and technology for building metaverses, has been the second most traded NFT collection this week. DMarket NFTs have recorded a trading sales volume of $5 million in the past seven days.

3. Gods Unchained NFTs

Gods Unchained, a non-fungible token collection from Gods Unchained, the ultimate digital trading card game that gives players true ownership of their collection, takes third place this week. Gods Unchained NFTs have attracted a trading sales volume of $4.8 million in the past seven days. The NFT collection has pumped 1.6% in sales from the past week.

4. Sotheby’s Gen Art NFTs

Sotheby’s Gen Art, an NFT collection from the legacy auction house Sotheby’s, has been the fourth most traded NFT collection this week. In the past seven days, Sotheby’s Gen Art NFT collection has recorded a trading sales volume of $3.3 million.

5. Sorare NFTs

Sorare NFTs, an NFT collection from the Sorare, the fantasy football game, has been the fifth most traded NFT collection this week. In the past seven days, the Sorare NFT collection has amassed a trading sales volume of $3 million, closing out the top five most traded NFT list this week.

6. Mutant Ape Yacht Club NFTs

Mutant Ape Yacht Club, another NFT collection from digital asset firm Yuga Labs, featuring a fixed set of 20,000 NFTs, has been the sixth most-traded NFT this week. In the past seven days, Mutant Ape Yacht Club NFTs have recorded a trading sales volume of $2.5 million. The NFT collection has surged 50% in sales this week.

7. Azuki NFTs

Blue-chip Azuki, an NFT collection from digital asset firm Chiru Labs featuring a limited edition of 10,000 NFTs, takes seventh place in our ten top-traded NFTs this week. Azuki has recorded a trading sales volume of $2.5 million in the past seven days.

8. DeGods NFTs

DeGods, an NFT collection digital asset firm DeLabs, featuring a collection of 10,000 godly characters with modern streetwear and ancient deity-inspired art, ranks eighth this week. DeGods NFT collection has recorded a trading sales volume of $1.8 million in the past seven days. DeGods NFTs have pumped 45% this week.

9. Play NFTs

Play NFT, the latest project built on Tezos, is a next-level NFT ecosystem that combines the YouTube and Twitch streaming phenomenon and blockchain gaming. Play NFTs have recorded a trading sales volume of $1.8 million in the past seven days.

10. CryptoPunks NFTs

CryptoPunks is an NFT collection previously from digital asset firm Larva Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum network. In the past seven days, the NFT collection has recorded a trading sales volume of $1.7 million, closing our top-traded NFT list this week.

Autoglyphs #346 has been the most expensive NFT collection in the past seven days, selling for $373,927 four hours ago. CryptoPunks #8713 was the second most expensive NFT collection, trading at $336,877 this week. CryptoPunks #4757 emerged as the third most expensive NFT collection, selling at $307,122 five days ago.

Source: CryptoSlam.io, the most expensive NFTs.

Top NFT News In The Past 7 Days:

Bitcoin Ordinal Inscriptions Hit 20M Mark

Bitcoin non-fungible tokens, popularly known in the nascent crypto sector as Bitcoin Ordinals, have seen a revival in activity. Bitcoin NFTs have spiked despite the recent market downturn, which has left many NFT collections shielding more than 70% of their value. The number of total ordinal inscriptions has now surpassed the 20 million mark.

We’re almost at 20,000,000 inscriptions on Ordinals🤯
I remember 1M like yesterday… 🥲
What would happen if someone inscribed a .magic domain via Magic Eden as inscription #20,000,000? 👀🏆 pic.twitter.com/h2y6AQHjCn
— Magic Eden on Bitcoin 🟧 (@MEonBTC) July 28, 2023

CyberKongz And Sky Mavis Launches NFTs

Earlier this week, CyberKongz NFT collection teamed up with Sky Mavis, the video game publisher behind the popular blockchain game Axie Infinity, to launch a new non-fungible token collection, “Genkai,” on the Ronin network. The new NFT collection turned out successful, selling in just hours.

Genkai trading is LIVE!
‣ OpenSea (ETH): insert linkhttps://t.co/JcjlqEDpZw
‣ Mavis Market (Ronin): https://t.co/qhX0LfGYjI
Each Genkai have been assigned a Tribe and Origin. More info below ↓ pic.twitter.com/lqm4zijOt8
— CyberKongz (@CyberKongz) July 28, 2023

Reddit Teams Cool Cats For An NFT Collection

The social media platform Reddit teamed up with the NFT collection Cool Cat to launch a series of collectible avatars. The new series, known as Retro Reimagined, marks the fourth generation of collectible avatars. The series showcases the talents of renowned artists like Micah Johnson, Chris Torres, and Clon, the co-founder of Cool Cats NFT.

We’re thrilled to share that Cool Cats #RedditCollectibles are officially sold out!
Huge thank you to everyone who participated and to the @Reddit team for including us 💙
Show us your best Cool Cats mashup ⬇️ pic.twitter.com/Pmt9oToCwP
— Cool Cats (@coolcats) July 28, 2023

Wall Street Memes “$WSM” Raises $18M

Wall Street Memes ($WSM) has emerged as one of the most talked-about projects this week. Wall Street Memes was developed in June by the creators of the red-hot Wall Street Bulls NFT collection – which sold out in just 32 minutes in 2021. The crypto project has raised more than $18 million from token presale.