At $302.2 million, the total sales volume is up 32.93%. This is a clear increase compared to sales of $224 million last week. There has been an increase in market involvement alongside this boom. Across the board, the market figures reveal robust growth:
- NFT buyers have nearly doubled with a 92.39% increase to 349,972
- NFT sellers have grown significantly by 77.18% to 207,672
- NFT transactions have shown a healthy growth of 7.28% to 1,651,950
Ethereum NFT Sales Surge 73.56%
The Ethereum and Pudgy Penguins demonstrated remarkable performance, with a sales volume surge reaching $199.9 million. This is an increase of 73.56 per cent compared to the previous week.
An increase of 39.73%, or 44,220 purchasers, have joined the network. Significantly, wash trading has increased by 122.67% to $105.1 million, over 100% of the original amount, suggesting that market activity has increased.
Ethereum Leads NFT SalescBitcoin and Solana Grow
Second place goes to the Bitcoin NFT ecosystem, with a 23% drop and $39.7 million in sales volume. Nevertheless, with 38,987 purchases, the network demonstrates respectable development in user involvement.
At 2.17 per cent, Solana’s sales of $29.9 million, up a slight 5.14%, have helped Solana solidify its third-place position. A 108.45% increase to 104,958 purchasers demonstrates that the network’s user participation is significant.
With $10.8 million in revenue, Mythos Chain (MYTH) remained in fourth place. First place goes to ImmutableX (imx-1.04%Immutable), followed by Polygon (pol0.49%POL) (ex-MATIC), with $6.9 million and $4.8 million, respectively.
PEPE Targets Dogecoin Pudgy Penguins Sales Rise
In related news, PEPE aims to capture Dogecoin’s market cap, an AI has identified XYZ as the meme coin to watch, and Pudgy Penguins drove a historic surge.
With a 90% increase, Pudgy Ethereum and Pudgy Penguins’ sales have nearly quadrupled, reaching $53.9 million. Transactions have increased by 104% and unique buyers by 81% due to their ecosystem’s expansion.
In second position is LilPudgys, whose sales increased 53.57 per cent to $19.4 million. Azuki comes in third with $16.9 million in revenue, showing a growth of 108.19%. Doodles’ sales have increased 226.08% to $13.4 million, putting them in the top five. With $9.2 million in sales, BRC-20 NFTs complete the top five.
FAQs
Which blockchain saw the highest NFT sales surge?
Ethereum led the NFT sales with a remarkable surge of 73.56%, totaling $199.9 million in sales.
How much did the sales of Pudgy Penguins increase?
Pudgy Penguins saw a 90% increase in sales, reaching $53.9 million, with transactions rising by 104% and unique buyers up by 81%.
How is Bitcoin performing in NFT sales?
Bitcoin's NFT sales dropped by 23%, totalling $39.7 million, but the network showed strong user participation with 38,987 purchases.
What is the significance of the wash trading increase
Wash trading increased by 122.67% to $105.1 million, suggesting heightened market activity in the NFT space.