Global Crypto Market Hits $3.03 Trillion, NFT Sales Volume Doubles

The global cryptocurrency market capitalization has soared to $3.03 trillion, marking a 4% increase in just 24 hours. Bitcoin, despite a slight pullback, remains strong at $91,295. Alongside this growth, the NFT market has experienced a dramatic surge, with sales volume nearly doubling over the past week.

NFT Sales Volume Skyrockets

NFT sales volume surged from $96.1 million last week to an impressive $178.8 million, according to data from CryptoSlam. Key metrics point to a thriving market:

  • Buyers Increased:

    NFT buyers surged by 251.19% to 294,626.

  • Sellers Rose:

    The number of NFT sellers grew by 236.89% to 189,367.

Ethereum Leads the Charge

The Ethereum blockchain continues to dominate the NFT space, posting $67.5 million in sales, a 130% increase over the past seven days. Additionally, the number of buyers on Ethereum grew by 48.03%, reaching 32,064.

Bitcoin NFTs in Second Place

Bitcoin-based NFTs demonstrated strong growth, with a 139.46% increase in sales volume. Bitcoin NFT sales reached $59.2 million, solidifying its position as a key player in the space.

Other Blockchain Highlights

  • Solana:

    Ranked third, with $24.4 million in sales, reflecting a 94.65% increase.

  • Mythos Chain (MYTH):

    Held fourth place with $10.8 million in sales, showing a slight 0.48% decrease.

  • Immutable (IMX):

    Claimed fifth place, growing 23.82% to $4.75 million in sales.

BRC-20 NFTs Show Exponential Growth

BRC-20 NFTs maintained their strong position with $28.1 million in sales, representing an astonishing 207.87% growth. The rise in these Bitcoin-based NFTs demonstrates the expanding diversity in the NFT ecosystem.

Top-Selling NFT Collections

The CryptoPunks collection dominated the charts, with notable sales including:

  1. CryptoPunks #8958:

    Sold for $519,009 (169.69 ETH).

  2. CryptoPunks #6472:

    Sold for $463,724 (149.5 ETH).

  3. CryptoPunks #1219:

    Sold for $453,302 (140 ETH).

  4. BOOGLE #BC4biTu:

    Sold for $269,314 (1250.02 SOL).

  5. CryptoPunks #784:

    Sold for $216,212 (70 ETH).

Conclusion

The NFT and crypto markets are experiencing a significant revival, with both buyers and sellers showing heightened activity. Ethereum and Bitcoin continue to dominate the NFT space, while emerging blockchains like Solana and BRC-20 are carving out their niches. With total market capitalization and NFT sales volumes at record highs, the industry shows no signs of slowing down.