NFT sales volume witnessed an incredible surge this past week, pushing its transactions to over 2.7 million.
The non-fungible token (NFT) market sales volume has significantly increased over the past seven days, surging 12% to over $112 million, according to data by CryptoSlam, an on-chain crypto market aggregator and multi-chain non-fungible token explorer.
Over the same timeframe, the count of investors acquiring non-fungible token collections surged by 80% this past week. The worldwide NFT market witnessed over half a million collectors making purchases, increasing the total number of NFT transactions to over 2.7 million.
Ethereum Continues Leading NFT Market
Ethereum was the leading NFT blockchain network in trading last week. The NFT collections based on Ethereum have accumulated a trading volume of $32 million. The sales volume of Ethereum-based NFTs has surged by 8.34% compared to the previous week.
Solana was the second most active blockchain network in NFT trading last week. Solana-based NFT collections have achieved a trading volume of $26 million, marking an 8.34% increase from the week before.
Bitcoin was last week’s third most-traded blockchain in the NFT space. Bitcoin-based NFT collections have achieved a sales volume of $21 million, a 35% increase from the previous week.
Last week, Polygon was ranked as the fourth most-traded blockchain in the NFT market. The NFTs on Polygon have reached a trading volume of $13 million, which represents a 10% decline in trading volume compared to the previous week.
In addition, there have been top-selling NFTs in the past seven days, such as Solana Monkey Business NFT Collection, DMarket NFT Collection, Guild Of Guardian NFT Collection, DogeZuki NFT Collection, c_HyPC NFT Collection, Retardio Cousins NFT Collection, Bitcoin Puppets NFT Collection and more.
Meanwhile, the non-fungible token market is expected to experience significant growth between 2024 and 2031. The worldwide NFT market size is projected to grow from $3 billion in 2022 to $13.6 billion by 2027.
