NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales

The non-fungible token, or NFT, market has shown decent growth amid Bitcoin’s historic breakthrough exceeding $100,000.

The surge in cryptocurrency prices continues as Ethereum (ETH) strengthens its position, climbing 3.5% in the last 24 hours to reclaim the $4,000 level.

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

NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales - 1 — Source: CoinGecko

According to the latest data from CryptoSlam, the NFT market has experienced a major upswing, with total sales volume reaching $196.2 million. This is a 34.23% increase from last week’s $146.5 million.

The market metrics show expansion across all key indicators:

NFT buyers have increased to 693,833, showing a healthy 20.29% growth
NFT sellers have grown to 402,069, with a 15.97% increase
NFT transactions have slightly decreased by 1.92% to 1,405,054

Ethereum Leads with major Growth

The Ethereum NFT blockchain has shown the highest performance, nearly doubling its sales volume to $100.9 million. This marks a 97.33% increase in the last seven days. The network has attracted 61,020 buyers, representing a 23.15% growth. Notably, wash trading also increased by 52.79% to $18.2 million, indicating heightened market activity.

NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales - 2 — Source: Blockchains by NFT Sales Volume (CryptoSlam)

Bitcoin’s NFT ecosystem, while maintaining its second position, experienced a slight decline of 6.84%. The sales volume of the Bitcoin network stood at $45.1 million. However, the network continues to show strong user engagement with 67,188 buyers, a 22.38% increase from the previous period.

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

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

Pudgy Penguins Lead Collection Rankings

The announcement of their PENGU token launch has pushed Pudgy Penguins to the top position with $21.6 million in sales. This marks a 384.26% increase in the last seven days.

CryptoPunks follows closely with $21.3 million in sales, showing impressive growth of 173.86%. BRC-20 NFTs have moved to third place with $9.9 million in sales, while Guild of Guardians Heroes and Uncategorized Ordinals complete the top five with $8.9 million and $8.4 million in sales, respectively.