The number of investors trading NFTs has increased by 15% in the past seven days

The non-fungible token market is showing slight signs of a comeback, with the number of NFT collectors trading NFTs up more than 15% this week. In this edition, we will review this week’s NFT trading activity, as well as the market forecast for the coming weeks.

NFT sales drop 4.57%

Data collected by CryptoSlam.io, an on-chain data aggregator, indicate that the NFT market has experienced a sharp spike in the number of users trading NFTs this week. Over the past seven days, the number of users purchasing NFTs has increased by 17.77% to 569,407. The NFT of users selling NFTs also increased by 15.82%.

Unfortunately, despite the increase in the number of collectors trading digital collectibles, NFT sales volume is still down 4.57% this week. The NFT market has recorded a trading sales volume of $61 million over the past seven days.

Non-fungible token collections hosted on Ethereum, the largest blockchain for NFTs, were the most traded NFT collections this week. Ethereum NFTs have amassed a trading sales volume of $32 million over the past seven days. Ethereum NFTs are down 5.02% this week.

Digital collectibles hosted on Mythos Chains are the second most traded NFT collection this week. Over the past seven days, Mythos Chains NFTs have recorded a trading sales volume of $9.1 million. Mythos Chain NFTs are up 6.93% this week.

Non-fungible token hosted on Solana, the decentralized blockchain network, was the third most traded NFT this week. Solana-based NFTs have reached $5.5 million in trading sales volume over the past seven days. Solana-based NFTs are down 8.14% this week.

NFTs hosted on Polygon and Immutable Immutable

Best-selling NFT collection this week

1. DMarket NFT Collection

This week, DMarket, an NFT collection hosted on Mythos Chain blockchains, was the most traded NFT collection. The DMarket NFT collection has attracted $9.1 million in trade sales volume over the past seven days. The DMarket NFT collection is up 7.01% this week.

2. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, an NFT collection from digital asset incubation studio Yuga Labs, was the third most traded NFT collection this week. In the seven days, Bored Ape Yacht Club NFT has amassed a trading volume of $3.4 million. Bored Ape NFTs are down 8.42% this week.

2. DraftKings Reign Makers NFTs

Reign Makers is an NFT collection from the NFT marketplace DraftKings hosted on the Polygon network. DraftKings Reign Makers are the second most traded NFT collection this week. Over the past seven days, DraftKings Reign Makers NFTs have attracted $3.1 million in trade sales volume. DraftKings Reign Makers NFTs are down 2.47% in sales this week.

4. God’s Unchained NFTs

Gods Unchained is an NFT collection of the digital trading card game Gods Unchained, hosted on the Immutable X network. Gods Unchained is the fourth most traded NFT collection this week. Gods Unchained has achieved a trade sales volume of $2.9 million over the past seven years. The NFT collection is up 36% this week compared to the week before.

5. Sorare NFTs

Sorare, an NFT collection from the fantasy sports-based video game Sorare, is the fifth most traded NFT collection this week. In the last seven days, Sorare NFTs have attracted a trade sales volume of 2.3 million. Unfortunately, Sorare NFTs are down 20.71% this week.

6. Cryptoadz NFTs

Cryptoadz, an NFT collection from digital artist Glemplin with a limited edition of 6,969 NFTs, was the sixth most traded NFT collection this week. Over the past seven days, the NFT collection has recorded a trade sales volume of $1.6 million. The NFT collection reached 6,191% in sales this week.

7. Winds Of Yawanawa NFTs

The Winds of Yawanawa is an NFT collection by renowned Turkish-American new media artist Refik Anadol in collaboration with the Yawanawá community, indigenous peoples of the Brazilian Amazon. The Yawanawa NFT collection is the seventh most traded NFT collection. Over the past seven days, the NFT collection has generated $1.4 million in sales volume.

8. CryptoPunks NFTs

CryptoPunks is an NFT collection formerly from digital asset firm Larva Labs, with a limited edition of 10,000 NFTs hosted on the Ethereum network. The NFT collection, now in the safe hands of Yuga Labs, was the eighth most traded NFT collection this week. Over the past seven days, the NFT collection has recorded a trade sales volume of $1.4 million. The NFT collection is down 48% this week compared to the week before.

9. Mutant Ape Yacht Club NFTs

Mutant Ape Yacht Club, an NFT collection from digital asset firm Yuga Labs with a set of 20,000 NFTs hosted on the Ethereum network, was the ninth most traded NFT collection this week. Over the past seven days, the NFT collection has generated $1.1 million in sales volume. The Mutant Ape NFT collection is down 3.42% in sales this week.

10. Koda NFTs

Koda is an NFT collection from Yuga Labs’ metaverse gaming venture Otherside, allowing NFT holders to participate in gameplay. The Koda NFT collection is the tenth most traded NFT collection this week, with a trading sales volume of $829,174. Koda NFTs are up 31% in sales this week.

Cryptoadz #4030 was the most expensive NFT collection this week, selling for $1.7 million four days ago. StarCraft Planets #1508 has the second most expensive NFT collection, selling for $32,883 three days ago. EarthNode #233 and ArchiFinance #108 are the third and fourth most expensive NFT collections this week, selling for $25,737 and $19,600 two days ago.

Is the bear almost at its end?

In spite of the recent study statement With 95% of NFTs worthless, the NFT market still offers huge potential for another comeback. NFTs are not the digital asset that is being declared dead. Over the past decade we’ve seen a lot of sentiments labeling “Bitcoin dead,” but the current crypto winter has produced very few of these dire statements.

The flagship crypto “Bitcoin” is up 55% today after the US Security and Exchange Commission “SEC” failed to appeal a court’s devastating reversal of its decision to prevent digital currency asset management company Grayscale from converting its Bitcoin trust into a more investor-friendly, on the exchange traded fund. The long-awaited approval of Grayscale ETF will also have a positive impact on the NFT market.

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