The non-fungible token market has shown a positive trend this week, defying the crypto bear market, which saw many non-fungible token floor prices drop by more than 20% last week. In this article this week we will examine the market health of this fast-growing market of non-fungible tokens:
NFT sales are up 5% over the past 7 days
Data collected by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that the non-fungible token market has finally broken through its resistance level and showed some positive growth this week. Over the past seven days, the NFT market has reached a trading sales volume of $102 million, which represents an increase of 5.61% from the past week.
Ethereum, the blockchain network known for powering the majority of non-fungible tokens, is the most traded blockchain network in the NFT ecosystem this week. Over the past seven days, Ethereum-based non-fungible token collections have recorded a trading sales volume of $33 million. However, Ethereum NFT trading volume has fallen by 9.15% over the past week.
Polygon, an Ethereum scalable blockchain network, is the second most traded blockchain network in the NFT ecosystem this week, surpassing dominant blockchain networks Solana and Bitcoin. In the past 24 hours, Polygon-based NFT collections have amassed a trade sales volume of $22 million. Polygon NFT trading volume has increased by 40% in the past week.
Bitcoin, the same blockchain network that powers the flagship crypto, Bitcoin, and is known in the NFT market for hosted Runes and Ordinals collections, is the third most traded NFT blockchain this week. Over the past seven days, the Bitcoin-based non-fungible token collection has amassed a trading sales volume of $18 million. Bitcoin NFT sales volume increased 6.63% this week compared to last week.
Solana and Mythos Chain are the fourth and fourth most traded blockchain networks in the NFT ecosystem this week. Over the past seven days, the Solana-based NFT collections have collected a trade sales volume of $14 million, while the Mythos Chain-based NFT collections have collected a trade sales volume of $4.4 million. Solana NFT trading volume is up 2.87%, while Mythos Chain NFT sales volume is down 3.83% over the past week.
Best selling NFTs in the last 7 days
1. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection operated by digital asset firm Yuga Labs and featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, was this week’s top-selling NFT collection. Over the past seven days, CryptoPunks NFT collections have recorded a trade sales volume of 5.7 million. Punk NFT trading sales are up 15% this week compared to last week.
2. DMarket NFT Collection
DMarket, a non-fungible token collection from the virtual asset market platform DMarket, hosted on the Mythos Chain network, is this week’s second best-selling NFT collection. Over the past seven days, the DMarket NFT collection has recorded a trade sales volume of $4.1 million. During this period, DMarket NFT trading volume is down 3.2% from the past week.
3. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token created by the Pudgy Penguins toy brand with a fixed supply of 8,888 NFTs hosted on the Ethereum blockchain network, is this week’s third best-selling NFT collection. Over the past seven days, the Pudgy Penguins non-fungible token collection has attracted a trade sales volume of $3.6 million, which represents an increase of 7.58% from the past week.
4. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, an all-time best-selling NFT collection from digital asset firm Yuga Labs with a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s fourth best-selling NFT collection. In the last seven days, Bored Ape Yacht Club has amassed a trading volume of $3.4 million. However, Bored Ape NFT sales volume is down 4.07% this week compared to last week.
5. NodeMonkes NFT Collection
NodeMonkes, a non-fungible token with a limited edition of 10,000 Bitcoin-based NFTs using the ordinal protocol, is the fifth best-selling NFT collection this week. Over the past seven days, the NodeMonkes NFT collection has generated a trade sales volume of $3.3 million. During this time, NodeMonkes NFT trading volume has increased by 55% from the past week.
6. Guild Of Guardians NFT Collection
Guild of Guardians, a non-fungible token collection of a mobile role-playing game, Guild of Guardians, is the sixth best-selling NFT collection this week. Over the past seven days, the Guild of Guardians NFT collection has attracted $3.3 million in trade sales volume. Guild of Guardians NFT trading volume is up 96% this week compared to last week.
7. DogeZuki NFT Collection
DogeZuki, a fixed-edition non-fungible token collection of 2,800 Shiba Inu-inspired digital items hosted on the Solana blockchain network, is this week’s seventh best-selling NFT collection. Over the past seven days, the DogeZuki NFT collection has generated a trade sales volume of $2.6 million. DogeZuki NFT sales volume increased by 8.58% over the past week.
8. Bitcoin Puppets NFT Collection
Bitcoin Puppets, a non-fungible token collection created on the Bitcoin blockchain network using the Ordinal protocol, is the eighth most sold NFT collection this week. In the last seven days, the Bitcoin Puppet has amassed a trading sales volume of $2.6 million. Bitcoin Puppets NFT sales volume has increased by 26% in the past week.
9. Sea Dragon NFT Collection
Sea Dragon, a non-fungible token collection created on Polygon, an Ethereum scaling solution network with a limited edition of 10,000 NFT collections, is the ninth most sold NFT collection this week. Over the past seven days, the Sea Dragon NFT collection has recorded a trade sales volume of $2.6 million. Sea Dragon NFT sales volume has increased by +1000% in the past week.
10. Sunny Girl NFT Collection
Sunny Girl, another non-fungible token collection created on Polygon, an Ethereum scaling solution network, with a limited edition of 10,000 NFT collections, is this week’s tenth best-selling NFT collection. Over the past seven days, the Sunny Girl NFT Collection has generated $2.1 million in sales volume, closing out our top ten best-selling NFT collections this week.
Top sales of NFT collectibles in the last 7 days
Punk #627 was the most expensive NFT collection sold this week, selling for almost $1 million four days ago. Punk #50 was the second most expensive NFT collection sold this week, selling for $306,725 six days ago. UrbanNode #63 was the third most expensive NFT collection, selling two days ago for $37,749.
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