- Some networks have seen an increase in the volume of NFT sales.
- Major networks dominated the volume, with support from other channels.
Over the past week, NFT Sales have increased significantly, indicating a renewed interest in this sector. In addition, analysis of the different networks revealed significant changes in their sales volumes, suggesting dynamic changes in buyer activity and market trends.
NFT sales increase by 7%
According to recent data from Crypto SlamTHE NFT The market saw a significant increase in sales volume over the past week, reaching over $109 million, an increase of 7.68%.
This growth in sales volume is particularly notable in a contrasting context of a sharp decline in the number of NFT buyers and sellers, which fell by 68.00% and 67.78% respectively.
Despite the reduced number of market participants, NFT transactions saw a substantial increase, skyrocketing nearly 21% to 2,435,539 transactions.
This increase in transactions suggests that while fewer individuals are engaging in the market, those who remain are significantly more active, perhaps capitalizing on market conditions or specific opportunities within the NFT space.
Contributions to NFT sales
Recent data analysis from Crypto Slam highlighted the notable increase in NFT sales volume and the contribution of major networks.
Ethereum
Ethereum [ETH] remained the largest contributor to NFT sales volume, accounting for over $36.5 million. Despite its leading position, Ethereum the volume decreased by more than 16% compared to the previous period.
Solana
After Ethereum, Solana [SOL] recorded the second highest sales volume at over $27 million, a significant increase of nearly 38% from the previous week.
This growth indicates an increasing interest and level of activity on Solana NFT platform.
Polygon
Coming in third place, Polygon [MATIC] recorded an impressive increase in its sales volume, which totaled more than $23.2 million.
This represents an increase of more than 70% over the past week, marking a substantial increase in trading activity on the network.
Bitcoin
Bitcoin [BTC] contributed the fourth largest volume with approximately $15.9 million, although it saw a slight decline of over 3% in sales volume.
Myth and Immutable X
The remaining volume, reaching the total of $109 million, included more modest contributions from Myth [MYTH] And X immutable [IMX]with more than 5 and 4 million dollars respectively.
Despite the decline of some networks, the overall market trend showed robust growth, especially on emerging platforms like Solana and Polygon