The non-fungible token market saw a 23.4% increase in sales between August 19 and 24. Ethereum currently dominates the landscape, followed by Solana and Polygon.
Over the past week, data from CryptoSlam shows that sales volumes in the broader NFT market have jumped 23.4%, to just under $100 million. This surge in activity has been accompanied by a nearly 43% increase in the number of NFT buyers, to 468,822, and a 41% increase in the number of sellers, to 223,433.
Additionally, the marketplace saw over 1.8 million transactions, with NFT traders showing growing interest in both blue-chip collections and emerging projects.
Ethereum Maintains Dominance
In terms of individual blockchain performance, Ethereum (ETH) once again cemented its position as the dominant blockchain for NFTs, with sales reaching $36.4 million. This is a 34% increase from the previous week.
Similar to the previous week, Solana (SOL) and Polygon (MATIC) also posted impressive performances, contributing significantly to the overall growth of the NFT market over the past week. Solana recorded $18.45 million in sales, an increase of 14.70%, with a staggering 61.18% increase in the number of buyers, or 202,167.
On the other hand, the weekly sales volume on Polygon increased by more than 90%, reaching $12.49 million. The number of NFT buyers on the blockchain also increased by 37.77%, reaching 84,505.
Notable NFT Sales and Collections
The week’s NFT activity was also marked by major individual NFT sales. For example, on Arbitrum (ARB), gETH Locked Deposit #158 fetched an impressive $256,513, making it one of the highest sales of the week.
Ethereum’s Zoth_Nibiru_Pool1 #4 also made headlines with a $250,000 sale, while Solana’s BOOGLE #61 posted the third-highest price of the week at $201,200.
CryptoPunks and DMarket shine
In terms of collections, Ethereum-based CryptoPunks took the top spot after attracting over $7.4 million in weekly sales. This amount comes from just 102 transactions, a 292% increase over last week’s figures.
Meanwhile, on the Mythos chain, DMarket generated $4.99 million in sales from 195,143 transactions, cementing its place as a significant player in the NFT ecosystem.
Bored Ape Yacht Club maintained its relevance with a 21.46% increase in sales, bringing the amount raised to $3.58 million.
Although NFT sales from The Guild of Guardians collection on Immutable (IMX) dropped by 12.25%, they still managed to remain in the top five, with just over $3 million earned.
Finally, Sorare topped the top 5 collections in terms of sales volume, with a turnover of around $2.6 million. However, the figure represents a 27% decrease compared to last week. The drop was also seen in the number of transactions, which decreased by more than 12%, according to CryptoSlam.
