Key Points
- The non-fungible token (NFT) sales volume has witnessed a 16.3% increase, reaching $96.1 million.
- Bitcoin (BTC) has hit a new all-time high of $77,252.75 following the U.S. presidential election.
The recent hike in the crypto market has resulted in a significant increase in the sales volume of non-fungible tokens (NFTs).
The positive momentum displayed by the overall crypto market has been strong and consistent.
Bitcoin Hits New High
After the victory of Donald Trump in the U.S. presidential election, the value of Bitcoin (BTC) soared to a new record of $77,252.75.
According to the most recent data from CoinMarketCap, the global crypto market cap has grown by 3.29% to $2.6 trillion.
Previously, the NFT sales volume was $84.6 million. However, recent data from CryptoSlam indicates a 16.1% jump in NFT sales.
NFT Sales Volume and Rankings
The Ethereum (ETH) blockchain continues to hold the top position with $31.19 million in sales. Meanwhile, Bitcoin has outperformed Solana (SOL) to secure the second spot with $26.3 million in sales.
Interestingly, the number of NFT buyers has fallen by 90.20%, and the number of NFT sellers has decreased by 88.80% from the previous week.
The Ethereum NFT blockchain sales volume was $31.2 million this week, indicating a 14% increase in the last seven days. However, the number of NFT purchasers on the Ethereum blockchain has significantly dropped to 21,575.
Bitcoin has surpassed Solana’s position with a remarkable 93% increase in the last seven days. The Bitcoin blockchain’s NFT volume stood at $26.3 million, showing the most robust growth among all chains.
Solana slipped to third place at $12.9 million, experiencing a 19.3% drop over the last week. Mythos Chain (MYTH) was in fourth place at $10.8 million, with a 1.3% decrease over the past week.
Polygon (POL) secured the fifth position, showing a 12.3% increase in NFT sales volume. Ethereum was responsible for the majority of wash trading at $3.05 million.
DMarket’s sales volume was $5.58 million, marking a 2.7% drop during this period. It lost its top ranking, which it had held for several weeks, to $?? BRC-20 NFTs. The latter saw a 462% surge in NFT sales and stood at $10.45 million.
The following NFT collections topped the sales in the previous week: SuperRare #7533 sold for $198,680, CryptoPunks #7596 sold for $154,044, Protoshrooms sold for $142,742, CryptoPunks #5668 sold for $122,506, and CryptoPunks #8881 sold for $119,622.
