After regressing alongside the wintery NFT market, the non-fungible token (NFT) market is booming again with sales up 10.6% at $115 million. Ethereum and Bitcoin are at the forefront, showing promising strides in both sales volume and user engagement. Other parachains and blockchains like Mythos Chain, Solana, and Polygon continue to expand this competitive market landscape.
Sales values on Ethereum NFTs jumped by a staggering 54.17% from the week prior, bringing in $37.5 million. Even more promisingly, the volume of transactions has increased by 18.52%. This historic rush signals a rampant unprecedented level of activity in reaction to the Ethereum NFT ecosystem. The network welcomed a historic level of participation! The bullish NFT sentiment at the time meant there were 83.33% more unique buyers and 15.79% more unique sellers trading NFTs.
Bitcoin continued to grow too, hitting $14 million in sales — up 4.65% from last week. Even on Bitcoin’s NFT space—ordinals—the activity exploded at an eye-popping rate. Customer registration increased by 817.82% and transactions surged by 769.68%. At the same time, the number of buyers increased by 618% and number of sellers as well by 469.57%.
Mythos Chain alone accounted for $15.6 million NFT sales, leading the charge of the dynamic NFT market growth. Solana's NFT sales reached $7.9 million. Polygon, though still a major force, had a minor drop off at $19.1 million, down 8.08%. DMarket had $10.5 million in sales, which is up 4.59%.
