The Bitcoin (BTC) community registered essentially the most non-fungible token (NFT) gross sales up to now week, as total transactions totaled a staggering $423,004,860.
The gross sales mark a rise of greater than 32% in comparison with the previous week and signifies the third consecutive week of sturdy development within the NFT market.
In keeping with knowledge compiled by Cryptoslam.io, Bitcoin emerged because the dominant drive in NFT transactions, main the cost with $160.37 million in gross sales, representing a outstanding surge of 80.45%.
Ethereum (ETH) carefully trailed behind, with $159.64 million in transactions, marking a decent 14.41% uptick in ETH-based NFT gross sales.
Different notable blockchains, together with Solana (SOL), BNB Chain (BNB), and Mythos Chain (MYTH), additionally skilled substantial development in NFT gross sales throughout this era.
Cryptoslam’s knowledge reveals Solana raked in about $65.129 million in weekly gross sales, with BNB Chain and Mythos ending the seven days with $9.019 million and $7.7 million in gross sales, respectively.
Of the chains, Bitcoin additionally registered the very best uptick in wash buying and selling, with the $465k made by way of the follow representing an almost 2600% enhance from the earlier week.
Blockchains by NFT gross sales quantity | Supply: Cryptoslam
The week’s top-grossing NFT collections have been led by Bitcoin’s Uncategorized Ordinals, raking in a formidable $41,210,717 in gross sales, marking a considerable 157.74% enhance from the earlier week.
Following carefully was the NodeMonkes assortment, which achieved $35,128,917 in transactions. These main collections have been trailed by Pandora, Creepz, and $NATCATS, rounding out the highest 5 NFT collections by gross sales quantity.
NFT assortment rankings by gross sales quantity | Supply: Cryptoslam
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The surge in NFT gross sales additionally noticed some outstanding particular person transactions throughout varied blockchains. On the Bitcoin blockchain, the NFT “Burgie” fetched an astonishing $1.44 million, whereas a Solana-based NFT titled “Composable Restaking Place” modified arms for $1.1 million.
Ethereum’s “Lif3 v3 Place” NFT commanded $597,800, and a BNB Chain “Lockdeal” NFT was acquired for $416,504. Moreover, a Polygon “Dfyn” NFT was bought for $100,000, reflecting the variety and worth of NFTs throughout completely different platforms.
During the last week, the variety of NFT patrons additionally elevated, with Cryptoslam’s knowledge displaying a 40.5% enhance, juxtaposed with a 2.47% drop within the whole variety of NFT transactions within the interval.
Nevertheless, amidst this surge in NFT gross sales, fashionable market Opensea confronted a major downturn in February.
OpenSea month-to-month NFTs bought | Supply: Dune Analytics
Information from the analytics platform Dune present that gross sales on OpenSea decreased considerably, with solely 33% of the entire NFT gross sales in February, the bottom determine since Might final yr. Lively customers on the platform additionally declined, with solely 103,000 customers making a minimum of one sale in February.
Learn extra: Bitcoin surge 2024: elements driving file highs and future predictions
