NFT Sales Surge To $275M This Week, As Solana NFTs Now Become Second Traded NFTs

On Jul 2, 2023

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Despite the recent crypto market volatility, the non-fungible token market has sharply risen this week, pumping just 1% from last week. The global NFT trading sales volume has increased by nearly $300 million in the past seven days. This week’s performance showcase that the majority of investors are still bullish on NFTs.

NFT Sales Rise To Nearly $300M This Week

Non-fungible tokens hosted on Ethereum, the second largest blockchain after Bitcoin, have continued to dominate the NFT market, rising more than 120% in sales. Ethereum NFTs have recorded a trading sales volume of $172 million in the past seven days.

Solana NFTs have pulled up their sleeves this week. Solana non-fungible tokens have pumped 330% in the past seven days, reclaiming its NFT market dominance. Solana NFTs lost market dominance earlier past month after Bitcoin NFTs became the second most traded NFTs. It has recorded a trading sales volume of $41 million.

Bitcoin NFTs have also pumped this week, surging 91% in trading sale volume. In the past 24 hours, Bitcoin Ordinals have recorded a trading sales volume of $37 million. NFTs hosted on Polygon, an Ethereum scaling network, have plummeted slightly this week, recording a trading sale of $6 million.

During this period, the number of investors trading on the NFT market has slightly increased. In the past seven days, investors that bought non-fungible tokens surged 26% to 1,168,880.NFT transactions have also spiked 2% this week to nearly 2.5 million.

Top Selling NFTs This Week:

NFT Sales This Week: Source: CryptoSlam.io

1. Azuki Elemental Beanz NFTs

Azuki Elemental Beanz is a new non-fungible token from digital asset incubation studio and Azuki creator Chiru Labs featuring a limited edition of 8,582 NFTs hosted on the Ethereum network. The NFT collection was launched earlier this week and has since gained mainstream adoption.

In the past seven days, Azuki Elemental Beanz has recorded a trading sales volume of $40 million. The new NFT collection has gained traction among most traders, attracting more than 4,000 buyers and nearly 2000 sellers. It has attracted more than 10,000 transactions.

2. SBM Barrel Raffle NFTs

SBM Barrel Raffles is an NFT collection from the Solana Monkey Business featuring a limited set of 20,000 raffle tickets hosted on Solana. In the past seven days, the NFT collection has recorded a trading sales volume of $29 million, taking the second position this week.

3. Bitcoin NFTs “BRC-20 NFTs”

BRC-20 NFTs are standard tokens hosted on the flagship crypto Bitcoin. These NFTs are similar to the popular ERC-20 standard token on the Ethereum network. In the past seven days, BRC-20 have spiked 1.7% in trading sales volume to $22 million, ranking the third week.

4. Azuki NFTs

Azuki, the popular NFT collection from digital asset firm Chiru Labs, takes the fourth position this week. In the past seven days, Azuki has recorded a trading sales volume of $20 million. Azuki NFT collection has pumped 2.74% this week.

5. Azuki Elementals NFTs

Azuki Elementals is another new NFT collection from Azuki creator Chiru Labs featuring a limited set of 20,000 anime-themed NFTs. In the past seven days, Azuki Elementals have recorded a trading sales volume of $16 million, closing the top five NFTs in trading sales volume this week.

Noteworthy Happenings In The NFT Sector This Week

1. Azuki Controversial Launch

Earlier this week, the Azuki NFT team launched their new NFTs, Azuki Elementals and Azuki Elementals Beanz.”The much-awaited mint was faced with controversy after the majority of NFTs appeared similar to the original Azukis. The controversial launch caused uproar among the Azuki NFT community.

2. Yuga Labs Launched Its HV-MTL Force NFT Game

Yuga Labs, the digital asset incubation studio and the team behind the popular non-fungible token collection Bored Ape Yacht Club, launched its much-awaited HV-MTL Forge NFT game. The highly anticipated HV-MTL Forge features a new era of gamified experiences, including users to customize workshops, showcase creations, climb leaderboards, and unlock special abilities.

Too many words in the game guide? Give the HV-MTL Forge explainer video a listen ahead of the games launch tomorrow. pic.twitter.com/TpP8tK8i22
— Bored Ape Yacht Club (@BoredApeYC) June 29, 2023

3. Melania Trump Launched New NFT Collection

Former United States First Lady Melanie Trump launched a new NFT collection on Solana to celebrate Independence Day. The NFT collection featured a limited edition of 1,776 NFTs, the year of independence. Mrs Trump aims to raise money to fund her “Fostering the Future” initiative.

The 1776 Collection
Six Limited Edition Collectables
Available Exclusively at https://t.co/kAenWUwxQ1#USAmemorabilia #NFTs #The1776Collection #IndependenceDay pic.twitter.com/euYySvvRcD
— USAmemorabilia (@USAmemorabilia) June 29, 2023

4. Wall Street Memes Breaks Limit – Raise Nearly $12M

The Wall Street Memes is another crypto project making headlines this week after raising more than $11 million from its “$WSM” token presale. The memecoin launched earlier last month and has since gained mainstream adoption among investors.