NFT Market Grows 8% Even as Crypto Prices Fall
Over the past week, non-fungible token (NFT) sales surged despite the broader crypto market downturn, reaching $109 million—an 8.1% increase from the previous week.
Ethereum led with $36.48 million in sales, marking a 14.04% rise, followed by Solana at $22.46 million (39.03% growth), and Polygon at $19.66 million (5.36% decrease). Bitcoin trailed with $15.72 million in sales, down 14.7%. The highest-priced NFT sold was Cryptopunk #2 at $386,916, demonstrating continued strong interest in digital collectibles.
Transaction volumes soared by 45.57%, totaling 2,042,431 transactions, while the number of buyers and sellers rose by approximately 21% and 14%, respectively.
Clever Robot News Desk 8th July 2024
