Despite an 8.78% Decline, $1.43M Bored Ape Sale Shines Light on NFT Market
Bitcoin NFTs Experience a Significant Rise
The NFT market has witnessed fluctuations over the past week across different blockchains. Sales of Bitcoin NFTs surged by 29.36%, totaling $16.78 million in sales. This growth demonstrates a strong interest in Bitcoin-based NFTs despite challenges faced by the overall NFT market, which experienced an 8.78% decline in revenue. The varying performance of different blockchain ecosystems highlights the diverse interests within the market.
Ethereum-based NFTs reclaimed the top spot with $27 million in sales, showcasing a 4.95% increase. Ethereum remains a dominant player in the NFT sector due to its established presence and user base. In contrast, Solana NFTs secured the third spot with $11.38 million in sales, marking a 1.95% rise. This slower growth may indicate a plateau for Solana’s NFT ecosystem compared to the surge seen in Bitcoin-based NFTs.
Among the top-selling NFT collections for the week, Mythos’ Dmarket led with over $5 million in sales, despite a 64.26% drop from the previous week. Following closely, Bitcoin Puppets achieved $3.46 million in sales, reflecting a significant 78.52% increase. Immutable X’s Guild of Guardians rounded out the top three with $2.94 million in sales, experiencing a 6% decline in performance.
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