Surging NFT Sales Signal Market Rebound After Recent Downtrend
NFT sales surged by 3.74%, reaching a total of $236,234,800 in the past week, breaking the trend of consecutive weeks with declining NFT sales.
Bitcoin’s “Uncategorized Ordinals” stood out as the standout performer, bringing in $12 million and marking a robust 36.90% increase from the previous week. Solana’s “Froganas” collection and Avalanche’s “Dokyo” collection also posted impressive gains, with sales reaching $7.79 million (22.95% increase) and $7.74 million (30.39% increase) respectively. Notable NFT collections such as “Gods Unchained” and Mythos’ “Dmarket” witnessed sales boosts of 25.51% and 27.27%, respectively.
Ethereum dominated blockchain sales with $76.74 million (2.3% increase), followed by Bitcoin with $63.93 million (16.66% increase), while Solana secured the third spot with $49.23 million (8.9% decline). Arbitrum and BNB Chain experienced significant increases of 108.51% and 89.61% in NFT sales, respectively. The week’s highest-priced NFT sale was “Cryptopunk #5363” at $1.53 million, followed by “geth locked deposit” on Arbitrum, Solana’s “Boogle #083,” and Axie Infinity’s “Durendal,” all fetching substantial sums. The top five priciest NFTs also included Bitcoin’s “Punk #60,” sold for $169,266.
Clever Robot News Desk 5th February 2024
