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The global non-fungible token market returned to positive trend last week, breaking its more than four-week downtrend. The NFT market saw a +28% increase in its weekly NFT sales volume, fueled by Trump’s recent re-election and the recent crypto market rally. Former US President Donald Trump won re-election last week after defeating his opponent Kamala Harris.
NFT sales soared 28% in the last 7 days
Data compiled by cryptoslam.io, a blockchain crypto market data aggregator and multi-chain non-fungible token explorer exclusively backed by renowned crypto investor and entrepreneur, billionaire Mark Cuban, indicates that the NFT market increased again in commercial sales. volume last week. Over the past seven days, global NFT market sales jumped 27% to $103 million, marking the highest sales volume since July 2024.
Ethereum, the blockchain network renowned in the NFT market for hosting most of the premier non-fungible token collections, was the most traded blockchain network in the NFT ecosystem last week. Ethereum-based non-fungible token collections have accumulated $34 million in commercial sales volume over the past seven days. Meanwhile, Ethereum NFT sales volume jumped 30% from the previous week.
Bitcoin, the same blockchain network renowned in the global NFT market for powering Ordinals Runes, BRC-20 NFT collections, was last week the second most traded blockchain network in the NFT ecosystem. Over the past seven days, Bitcoin-based NFT collections have accumulated $30 million in commercial sales volume, ranking closely behind Ethereum. Bitcoin NFT transaction sales volume jumped 102% from the previous week during this period.
Solana, an open source blockchain network that supports smart contracts including non-fungible tokens and a variety of decentralized applications, was the third most traded blockchain network in the NFT market last week. Over the past seven days, Solana-based NFT collections have accumulated $13 million in commercial sales volume. During this period, Solana NFT sales volume plunged 5.66% from the previous week.
Mythos Chain, a renowned blockchain network leveraging Ethereum Virtual Machine (EVM) compatibility, was the fourth most traded blockchain network in the NFT market last week. Over the past seven days, the NFT collection based on Mythos Chain has accumulated a commercial sales volume of $10 million. During this period, Mythos Chain NFT transaction sales volume plunged 1.88% from the previous week.
Polygon, an Ethereum scaling solution blockchain network, was the fifth most traded blockchain network last week in the global NFT market. Over the past seven days, Polygon-based NFT collections have accumulated $4.1 million in commercial sales volume. Meanwhile, Polygon NFT sales volume plunged 4.49% from last month, shutting out our top five most traded NFT blockchain networks.
Most sold NFTs in the last 7 days
1.$ ?? BRC-20 NFT Collection
$??, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, was the best-selling collection of non-fungible tokens on the NFT market last week. BRC-20 is a token standard that allows anyone to create their own tokens on the Bitcoin blockchain. Over the past seven days, the $ ?? The BRC-20 NFT collection recorded a commercial sales volume of $12 million, up 423% from the previous week.
2. DMarket NFT Collection
DMarket, a collection of non-fungible tokens from virtual asset marketplace platform DMarket hosted on the Mythos Chain blockchain network, was the second best-selling NFT collection of the past week. Over the past seven days, the DMarket NFT collection has seen $5.5 million in commercial sales volume. Meanwhile, DMarket NFT sales volume plunged 3.40% from last week.
3. CryptoPunks NFT Collection
CryptoPunks, a collection of non-fungible tokens with a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, was the third best-selling NFT series on the NFT marketplace last week. Over the past seven days, CryptoPunks NFT collections have generated $3.4 million in commercial sales volume. During this period, CryptoPunk NFT commercial sales jumped 186% from the previous week.
4. Bitcoin Puppet NFT Collection
Bitcoin Puppets, a collection of non-fungible tokens created on the Bitcoin blockchain network using Satoshi Nakamoto’s Ordinal protocol, was the fourth best-selling NFT collection on the NFT market last week. Over the past seven days, the Bitcoin Puppets NFT collection has generated $3 million in sales volume. During this period, Bitcoin Puppets NFT sales volume jumped 53% compared to the previous week.
5. Guardians Guild NFT Collection
Guild of Guardians, a collection of non-fungible tokens from a mobile role-playing game, Guild of Guardians, was the fifth best-selling NFT collection of the past week. Over the past seven days, the Guild of Guardians NFT collection has accumulated a trade sales volume of $2.9 million. Meanwhile, Guardians Guild NFT sales volume fell 3.31% from the previous week.
6. Chubby Penguins NFT Collection
Pudgy Penguins, a non-fungible token created by toy brand Pudgy Penguins and featuring a fixed supply of 8,888 NFTs hosted on the Ethereum blockchain network, was the sixth best-selling NFT collection on the NFT marketplace last week. Over the past seven days, the Pudgy Penguins NFT collection has generated $2.3 million in sales volume. During this period, Pudgy Penguins NFT sales volume increased by 239% compared to the previous week.
7. NodeMonkes NFT Collection
NodeMonkes, a non-fungible token offering a limited edition of 10,000 unique Bitcoin-powered NFTs leveraging the Ordinal Protocol, was the seventh best-selling NFT collection on the NFT marketplace last week. Over the past seven days, the NodeMonkes NFT collection has generated $2.2 million in commercial sales volume. During this period, NodeMonkes NFT sales volume jumped 44% from the previous week.
8. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, a collection of non-fungible tokens created and managed by digital asset company Yuga Labs, comprising a fixed supply of 10,000 NFTs hosted on the Ethereum blockchain network, was the eighth best-selling NFT collection in the last week. Over the past seven days, the Bored Ape Yacht Club NFT collection has accumulated $1.9 million in commercial sales volume, up 21% from the previous day.
9. Ordinary NFT Collection Maxi Biz
Ordinal Maxi Biz, a non-fungible token collection featuring a limited set of 2,100 hand-drawn sketches by digital artist Tony Tafuro hosted on the Bitcoin blockchain network, was the ninth best-selling NFT collection on the NFT marketplace. last week. Over the past seven days, the Ordinal Maxi Biz NFT collection has recorded $1.8 million in commercial sales volume. OMB NFT sales volume jumped 45% from the previous week.
10. Court NFT Collection
Courtyard, a collection of non-fungible tokens comprising a limited number of 36,794 unique digital objects living on the Polygon blockchain network, was the tenth best-selling NFT collection on the NFT marketplace last week. Over the past seven days, the Courtyard NFT collection has generated $1.5 million in sales volume. Courtyard NFT sales volume plunged 17.80%.
The NFT market forecast for the fourth quarter of 2024
Despite a host of challenges, including significant price floor drops, intense volatility, and regulatory scrutiny, the global NFT market is still poised to re-emerge in Q4 2024. Remarkably, the NFT market is expected to once again be embraced in the United States of America now. that Donald Trump, “Crypto President”, took over the government. Under the previous regime, the United States Securities and Exchange attacked NFT projects, including OpenSea.
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