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surge in activity and notable sales drive market momentum
The post surge in activity and notable sales drive market momentum appeared on BitcoinEthereumNews.com. The NFT market saw a significant boost in activity this week, with a 48% rise in buyers and several high-profile sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and capturing the attention of buyers and sellers alike. According to data from CryptoSlam!, the NFT landscape saw notable growth, with overall sales volumes reaching $107,965,224, marking a 7.05% increase from the previous week. The rising number of buyers and sellers also reflected the overall health of the market. This week, more than 721,000 buyers entered the market, a 48.05% increase, while nearly 263,000 sellers represented a 32.74% rise. The total number of NFT transactions also saw a boost, reaching 2,870,607, a 10.69% increase on the week. Blockchain highlights As shown in the snapshot below from CryptoSlam, Ethereum remained the top blockchain by NFT sales volume, generating $32.6 million in sales, a 7.54% increase over the week. Blockchains by weekly NFT sales volume | Source: CryptoSlam Despite the growth, wash trading on the network accounted for 18% of the total sales volume. Additionally, the blockchain recorded 46,043 buyers, a 30.63% increase from the previous week. Solana followed closely with $26,710,307 in sales, experiencing a 14.76% rise. The blockchain saw a remarkable 53.33% increase in buyers, totaling 289,036. Its wash trading volume constituted 5.4% of its total sales. Bitcoin (BTC) maintained third position, even as it registered a nearly 17% drop in sales volume to rake in $17,417,258. Interestingly, the number of NFT buyers on the network increased by 46.47% to 35,091. In fourth spot, Polygon (MATIC) generated $11.3 million in sales, with a notable 31.49% increase. NFT buyers on the blockchain rose by 48.75% to 147,368, while wash trading was relatively low…
The post surge in activity and notable sales drive market momentum appeared on BitcoinEthereumNews.com.
The NFT market saw a significant boost in activity this week, with a 48% rise in buyers and several high-profile sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and capturing the attention of buyers and sellers alike. According to data from CryptoSlam!, the NFT landscape saw notable growth, with overall sales volumes reaching $107,965,224, marking a 7.05% increase from the previous week. The rising number of buyers and sellers also reflected the overall health of the market. This week, more than 721,000 buyers entered the market, a 48.05% increase, while nearly 263,000 sellers represented a 32.74% rise. The total number of NFT transactions also saw a boost, reaching 2,870,607, a 10.69% increase on the week. Blockchain highlights As shown in the snapshot below from CryptoSlam, Ethereum remained the top blockchain by NFT sales volume, generating $32.6 million in sales, a 7.54% increase over the week. Blockchains by weekly NFT sales volume | Source: CryptoSlam Despite the growth, wash trading on the network accounted for 18% of the total sales volume. Additionally, the blockchain recorded 46,043 buyers, a 30.63% increase from the previous week. Solana followed closely with $26,710,307 in sales, experiencing a 14.76% rise. The blockchain saw a remarkable 53.33% increase in buyers, totaling 289,036. Its wash trading volume constituted 5.4% of its total sales. Bitcoin (BTC) maintained third position, even as it registered a nearly 17% drop in sales volume to rake in $17,417,258. Interestingly, the number of NFT buyers on the network increased by 46.47% to 35,091. In fourth spot, Polygon (MATIC) generated $11.3 million in sales, with a notable 31.49% increase. NFT buyers on the blockchain rose by 48.75% to 147,368, while wash trading was relatively low…
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