NFT Sales Surge 16.8% This Week, Ethereum Dominates With Top Volumes

NFT MARKET_WATCH

This week, sales of non-fungible tokens (NFTs) surged by 16.8% over last week, as per the most recent statistics on digital collectibles. The Ethereum blockchain led the charge among 21 blockchains, capturing the top spot with sales totaling $148.49 million, marking a substantial increase of 99.08%.

Digital Collectibles on the Rise: Ethereum Tops $148M in NFT Sales This Week

This week saw another uptick in NFT sales, building on the 3.74% increase observed last week. In the latest count, NFT transactions reached $277.79 million across 21 different blockchain platforms, marking a 16.8% rise. Conversely, the number of NFT buyers plummeted by 80.74%, and sellers decreased by 78.71%. Ethereum claimed the lead in these seven days, amassing sales of $148.49 million, with Bitcoin trailing at $52.97 million in sales. Ethereum’s NFT sales soared by 99.08%, while Bitcoin’s dipped by 20.67%.

Sales of Solana-based NFTs also took a hit, dropping 21.16% to $39.84 million. Following Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) in NFT sales were Polygon and Mythos. Polygon’s sales fell to $8.23 million, a 20.23% decrease, whereas Mythos managed to buck the trend with an 11.43% increase, totaling $6.23 million in sales. The leading NFT collection of the week was Ethereum’s Pandora, generating $56.78 million. Close behind was Ethereum’s Nobody, which achieved $15 million in sales.

Taking third place was the Bitcoin-based Uncategorized Ordinals compilation with $13.65 million in sales. Mythos’ Dmarket secured the fourth spot, and Immutable X’s Gods Unchained ranked fifth for the week. The highest sale was Bored Ape Yacht Club (BAYC) NFT #1,726, fetching $668,297 two days ago. A Bitcoin Honey Badgers NFT followed with a $110,256 sale, and BNB’s Lockdealnft rounded out the top three with a sale of $61,793. The fourth and fifth highest sales came from the Solana and Avalanche blockchains, respectively.

Source : Bitcoin News by Jamie Redman / Feb 10, 2024

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.