NFT Sales Surge 34%, Ethereum Network Sees Surge in Sales

The non-fungible token (NFT) market has shown decent growth amid Bitcoin’s historic breakout of over $100,000.

Cryptocurrency price rise continues as Ethereum (ETH) is strengthening its position and is up 3.5% in the last 24 hours to reclaim the $4,000 mark.

The global cryptocurrency market cap has increased to $3.67 trillion from $3.42 trillion last week. This is a 2.3% increase over the last day, with Bitcoin (BTC) was trading at around $99,611 at last check on Saturday. See below.

NFT Sales Jump 34% to $196.2M, Ethereum Network Sees Sales Increase 97% – 1 — Source: CoinGecko

According to the latest data from CryptoSlamThe NFT market experienced a major boom, reaching a total sales volume of $196.2 million. This is an increase of 34.23% $146.5 last week Million.

The market metrics show expansion across all key indicators:

The number of NFT buyers has increased to 693,833, representing a healthy growth of 20.29%
The number of NFT sellers has grown to 402,069, an increase of 15.97%
NFT transactions decreased slightly by 1.92% to 1,405,054

Ethereum leads with great growth

The Ethereum NFT blockchain showed the highest performance, almost doubling its sales volume to $100.9 million. This represents a 97.33% increase in the last seven days. The network attracted 61,020 buyers, representing a growth of 23.15%. Also notable is that wash trading increased by 52.79% to $18.2 million, indicating increased market activity.

NFT Sales Jump 34% to $196.2M, Ethereum Network Sees Sales Increase 97% – 2 — Source: Blockchains by NFT Sales Volume (CryptoSlam)

While Bitcoin’s NFT ecosystem maintained its second place, it saw a slight decline of 6.84%. The Bitcoin network’s trading volume was $45.1 million. However, the network continues to show strong user engagement with 67,188 buyers, an increase of 22.38% compared to the previous period.

Solana (SOL) maintained its third place with sales of $16.2 million. Solana only saw a modest increase of 6.58%. However, the network has strong user participation with 269,871 buyers.

Mythos Chain and ImmutableX (SME) round out the top five with sales of $11.2 million and $10.6 million, respectively.

Pudgy Penguins top collection ranking

The announcement of the launch of their PENGU token propelled Pudgy Penguins to the top position with revenue of $21.6 million. This represents a 384.26% increase over the last seven days.