NFT Sales Rose 26% In The Past Week – Here’s The NFT Market Prediction For This Week

On Feb 26, 2024

The non-fungible token market experienced positive growth in the past week, following the market hype around the recent largest web3 event, “NFT Paris,” in France, among other factors. The NFT event took over this past weekend, joining hundreds of investors, collectors and institution top heads worldwide.

NFT Sales Jump 26% This Past Week

Data compiled by cryptoslam.io, an on-chain data aggregator, indicates that the non-fungible token market saw positive growth this past week. In the past seven days, the NFT market has amassed a trading sales volume of $327 million, representing a 26% rise from the previous week.

During the same period, the number of investors buying and selling non-fungible tokens saw a sharp spike. In the past seven days, the global NFT market saw nearly 700,000 investors buying NFTs and +500,000 traders selling them, representing a 45% and 36% rise, respectively.

Ethereum, the same blockchain network that powers the Ether crypto token, was the most traded blockchain network in the NFT ecosystem. The Ethereum network has sold more than $141 million in the past seven days. Ethereum NFT sales jumped 10% from the past week.

Bitcoin, the same blockchain network powering the flagship crypto ‘Bitcoin’ and renowned for Bitcoin Ordinals, was the second most traded blockchain network in the NFT ecosystem this past week. In the past seven days, Bitcoin has seen more than $111 million settled on it. Bitcoin NFT sales volume has risen 111% from the past week.

Solana and BNB Chain were the third and fourth traded blockchain networks in the NFT space this past week. In the past seven days, Solana has seen over $50 million settled, while the BNB Chain has settled over $8 million. However, the Solana NFT’s sales volume declined by 1.50%, while BNB Chain NFT’s sales volume rose 88%.

Top Selling NFTs This Past Week

1. Pandora NFT Collection

Pandora, a non-fungible token collection featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain sales, was the top-selling NFT collection in the past week. In the past seven days, the Pandora NFT collection has amassed a trading sales volume of $28 million.

2. Bitcoin Ordinals ‘Uncategorized NFTs’

Bitcoin Ordinals, an NFT collection created exclusively on the Bitcoin blockchain network using Satoshi Nakamoto’s Ordinal theory, was last week’s second most selling NFT collection. In the past seven days, Bitcoin ordinals have recorded a sales volume of $17 million. Bitcoin NFT sales rose 167% from the previous week.

3. NodeMonkes NFT Collection

NodeMonkes, a new NFT collection featuring a limited edition of 10,000 NFTs inscribed on the Bitcoin blockchain network, was last week’s third most-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has recorded a trading sales volume of $15 million. Its NFT sales volume jumped 485% from the previous.

4. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset firm Yuga Labs featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, was last week’s fourth-selling NFT collection. In the past seven days, the Bored Ape has raised a trading sales volume of $8.1 million. The Bored Ape NFT trading sales jumped 110% from the previous week.

5. $SABC BRC-20 NFT Collection

$SABC, a new NFT collection created exclusively on the Bitcoin blockchain network using the BRC-20 protocol, was the past week’s fifth most-selling NFT collection. In the past seven days, the NFT collection has attracted a trading sales volume of $7.1 million. The $SABC NFT sales volume pumped 714% from the previous week.

6. DMarket NFT Collection

DMarket, an NFT collection created on the Mythos Chain blockchain network, was last week’s sixth most-selling NFT collection. In the past seven days, the DMarket NFT collection has raised a trading sales volume of $7 million. DMarket NFT Sales increased by 9.96% from the previous week.

7. Froganas NFT Collection

Froganas, an NFT collection featuring a limited edition of 5,555 humanoid frogs hosted on the Solana blockchain network, was the seventh most-selling NFT collection of the past week. In the past seven days, the Froganas NFT collection has amassed a trading sales volume of $6.4 million. The Froganas NFT sales volume rose 111% from the previous week.

8. Persona NFT Collection

Persona is a new NFT collection themed around anime characters, invested by Binance Labs to become a web3 gaming ecosystem. The Persona NFT collection was the past week’s eighth most-selling NFT collection. Persona NFT collection recorded a trading sales volume of $6 million in the past seven days.

9. Creepz NFT Collection

Creepz, an NFT collection featuring a fixed supply of 11,000 lizard avatars allowing holders to participate in the Overload Universe, was past week’s ninth most-selling NFT collection. In the past seven days, the Creepz NFT collection has amassed a trading sales volume of $5.5 million.

10. Mad Lads NFT Collection

Mad Lads, an NFT collection from the Solana framework development company Coral featuring a limited set of 10,000 NFTs, was past week’s tenth most-selling NFT collection. In the past seven days, Mad Lads has attracted a trading sales volume of $5.3 million, closing our ten top-selling NFT list this past week.

Most Expensive NFTs Sold This Past Week

Pandora #57023 was the most expensive NFT collection sold last week, selling for $1,555,758 seven days ago. Baby Loong #26633 was the second most costly NFT collection sold this past week, selling for $298,690 two days ago. TokenVestingPlans #27 was the third most expensive NFT collection sold last week, selling for $194,924 four days ago.

The NFT Market Bullish Trend To Continue This Week

The non-fungible token market saw a bullish growth trend in the past week, marked by a rise in trading sales volume and adoption. The resurgence was supposedly fueled by increased crypto prices and the renewed hope amassed at the recently ended major NFT event in Paris, France.

The NFT market is anticipated to continue soaring even more this week. Based on Cryptoslam.io data, the NFT market has started the new and last week of Feb up 13%. In the past 24 hours, the global NFT market has amassed a sales volume of $52 million, representing a 5% rise from the previous day.