Skip to main content

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week's ETH-Based NFT Sales

Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days.

Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge

While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales had surged 43%, but in the past seven days, sales have increased by 138.15% since last Friday. Over the last week, $801 million in NFT sales were settled, and the number of NFT buyers increased by 34.7% compared to the previous week. Ethereum dominated NFT sales over the last seven days, accounting for $762 million of the total sold.

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week's ETH-Based NFT Sales

Solana followed Ethereum in NFT sales with $17,717,911, but while Ethereum’s sales jumped 162.67% over the last week, Solana’s NFT sales dropped by 1.86%. Ethereum and Solana are followed by Polygon, Immutable X, and BNB in terms of weekly sales. Every blockchain in the top 10 rankings in terms of sales saw a decline this week except for Ethereum and Panini. Panini’s NFT sales rose 56.52% to $452,827 in sales settled this past week.

The top NFT collection in terms of sales since last Friday is Mutant Ape Yacht Club (MAYC), with sales surging 444.58% higher than the previous week, capturing more than $92 million in settled sales. MAYC is followed by Otherdeed, Bored Ape Yacht Club (BAYC), Azuki, and Moonbirds, respectively. All five NFT collections rose 65% or more during the last seven days. One notable gainer was Opepen Edition, the sixth-largest collection in terms of weekly sales, which saw a 5,235.80% rise since last week, accumulating $37,593,913 in settled sales.

Once again, in terms of ETH-based NFT markets, the new NFT marketplace Blur has outpaced Opensea’s weekly volume, capturing 81% of the NFT market share in settled sales this week. Opensea‘s volume accounted for roughly 13.6% of the total NFT sales volume in seven days. Following Blur and Opensea are X2Y2, Immutable X Marketplace, and Looksrare. The new Cardano-based marketplace, JPG Store, ranks sixth in sales this week as NFT sales rose 35.94% compared to its sales from last week.

What do you think is driving this week’s surge in NFT sales, and where do you see the NFT market heading in the near future? Share your thoughts in the comments section below.



from Bitcoin News https://ift.tt/TaCRvZJ
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more