Between August 3 and August 10, 2024, the NFT sales saw a 6.29% increase, reaching a staggering $95.42 million. However, this surge came with a significant decline in market participation—buyers decreased by 86.34% and sellers by 77.25%.
NFT Market Sees 6.29% Growth
This past week, NFT sales climbed by 6.29% compared to the previous week. Out of the $95.42 million generated, Ethereum-based NFTs led the charge with $32.46 million in sales, reflecting a modest 0.06% uptick. Following closely were Solana NFTs with $19.52 million, marking an 11.08% increase. In third place, Bitcoin NFTs generated $14.69 million, though this represented a 10.03% drop.
The top NFT collection for the week was Mythos’ Dmarket, which retained its crown with an impressive $7.22 million in sales, a staggering 334.87% jump. Immutable X’s Guild of Guardians came in second with $3.6 million, up 7.28% from the previous week, while Sorare NFTs rounded out the top three with $3.34 million, reflecting an 11.39% decrease.
In terms of the priciest NFT sales, Autoglyphs #172 led with a sale price of $207,500 six days ago, followed by a BNB Lockndeal NFT at $136,959. The third highest sale was an Arbitrum NFT named GUSD Locked, which sold for $123,840 on August 4. NFTs from Bitcoin, Solana, and Polygon also featured prominently in the week’s most expensive sales.
What do you think about the NFT sales over the past seven days? Share your thoughts and opinions about this subject in the comments section below.
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