NFT Market Booms: $91M Sales, Buyer Surge, and Top Collections Skyrocket
October 22, 2024The Uncategorized collection on Bitcoin saw a dramatic 1,652% rise in sales, generating $4.8 million.
Milady Maker came in third, attracting $3.81 million in sales, marking a 120% increase from the previous week.
DMarket topped NFT sales charts with $5.2 million, marking a 22.2% increase, continuing its lead for the third consecutive week.
Mythos Chain, focused on in-game assets, ranks fourth with $5.5 million in sales volume, up 21.22% from the previous week.
Smart contracts on the blockchain are streamlining transactions, resulting in faster processes and lower costs, further enhancing the NFT ecosystem.
This week, the NFT market recorded a trading sales volume of $91 million, reflecting a 20.58% increase from the previous week.
The number of NFT buyers nearly doubled from 263,804 to 494,666 within a week, indicating a growing interest in digital assets.
In 2024, the non-fungible token (NFT) market is experiencing a significant revival, with increased sales and interest in practical applications.
Ethereum continues to lead the NFT market with $32 million in sales, representing a 25.43% rise from the previous week.
Bitcoin ranks as the second most-traded blockchain for NFTs, attracting $21 million in sales volume, marking a 32% increase.
Solana remains in third place with NFT sales volume of $16.6 million, reflecting a 34% rise from last week.
The Bored Ape Yacht Club NFT collection is the top-selling collection this week, generating $4.1 million in sales with a 58.40% increase from the previous week.
Summary based on 5 sources
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Sources
Yahoo Finance • Oct 19, 2024
How Blockchain Technology Is Impacting Financial PlanningNFT Evening • Oct 21, 2024
Solana, Bitcoin, and Ethereum Lead the NFT Market to a 20% Growthcrypto.news • Oct 19, 2024
NFT sales surge to $93m, Ethereum network dethrones BitcoinInsideBitcoins.com • Oct 20, 2024
Top Selling NFTs This Week – Bored Apes, Pudgy Penguins, Milady Maker And More