In a strong market move, weekly non-fungible token (NFT) sales surged 22.5%, reaching $93 million, according to the latest data. The increase marks a notable uptick from last week’s $77.6 million, signaling a gradual recovery in the broader crypto market and renewed interest in NFTs.

One of the most significant developments is Ethereum overtaking Bitcoin in terms of NFT sales volume over the past seven days. Ethereum saw its NFT sales rise from $26.6 million last week to $33.4 million, an increase of more than 30%. In comparison, Bitcoin, while showing a 36% rise, reached a total of $21.6 million in NFT sales volume.

However, wash trading remains a challenge, with Ethereum seeing $5.3 million in such activity, much higher than Bitcoin’s $902,000.

Beyond Ethereum and Bitcoin, Solana has continued to solidify its place as the third-largest network for NFT sales. Solana’s weekly sales volume reached $16.6 million, maintaining its position in the market. Moreover, the number of Solana NFT buyers surged by 220%, increasing from 60,115 last week to 192,543 this week.

The Mythos Chain and Polygon (ex-MATIC) networks also made notable appearances, with $5.5 million and $3.9 million in NFT sales, respectively.

Ethereum vs. Bitcoin:

While Bitcoin has long held the top spot for overall crypto dominance, Ethereum has outperformed it in the NFT market recently. In just the past week, Ethereum’s NFT sales climbed by 30%, while Bitcoin saw a slightly higher surge of 36%. Nevertheless, Ethereum’s overall volume at $33.4 million overshadowed Bitcoin’s $21.6 million.

Top NFT Sales:

The top sales in the NFT space over the last week have been led by collections like Ordinal Maxi Biz and CryptoPunks. Some of the most expensive NFT transactions included:

  • Ordinal Maxi Biz #882b65 sold for $109,079 (1.5942 BTC).

  • Ordinal Maxi Biz #32b13f sold for $91,085.87 (1.3371 BTC).

  • Ordinal Maxi Biz #591165 sold for $87,895.17 (1.2857 BTC).

  • CryptoPunks #6409 sold for $79,237.16 (29.99 ETH).

  • CryptoPunks #8135 sold for $78,503.09 (29.75 ETH).

Market Leaders:

For the third consecutive week, DMarket has held the top spot for NFT sales, generating $5.2 million, despite a 30% decline from the previous week’s $8.02 million.

Following closely is the Uncategorized Ordinals collection, which witnessed an extraordinary 1,800% surge, bringing in $4.86 million in sales.