NFT Market Sees $142 Million Surge, Led by Immutable and Mythos

The NFT market exploded with unbelievable velocity. Sales volume reached $142.14 million, representing a 23.95% sales increase from the previous week. Immutable’s blockchain overwhelmingly dominated the sales charts, though collections like DMarket on the Mythos blockchain experienced significant volume. This spike is a sign of growing interest and a commitment to capitalize on the potential within the digital asset space.

Immutable Dominates NFT Sales

Immutable blockchain was the clear leader in NFT sales, with $24.166 million in transactions. This figure represents a notable increase of 67.50% from last week. More striking is the surge in NFT popularity across the Immutable ecosystem. Naturally, the uptick in sales has made clear how popular the platform is among creators and art collectors.

Ethereum captured second place for blockchain sales. The big sales growth story was Bitcoin, +6.97% growth year over year, at $18.18 million. Simultaneously, Polygon increased by 34% to reach $19.12 million, demonstrating the various platforms leading to the overall expansion of the NFT market.

Mythos Chain Shows Strong Performance

Mythos Chain had a strong showing as the most successful NFT market – generating $14.04 million worth of sales on their blockchain. Even at a 1.32% reduction, its performance is still enviable. DMarket, which is powered by the Mythos blockchain, saw all-time high sales of $8.95 million. This figure still represents a marginal drop of 1.39% from last week. King the DMarket had an amazing 1472.50% increase in sales. This week, its sales topped a staggering $7.65 million, suggesting the massive expansion potential inside the Mythos ecosystem.

The blockchain tallied $30.27 million in NFT sales volume during the week, a slight drop of 0.13%. The resulting collection pulled in $9.55 million in final sales this week, up 37.10%.

Bitcoin-Based NFTs Gain Traction

Uncategorized Ordinals, a new NFT collection on the Bitcoin blockchain, just snatched the fifth place from memes. This milestone further underscores how quickly NFTs are catching on across the Bitcoin ecosystem. This is a hopeful trend towards the diversification of NFT platforms and a widening appeal to NFT communities across different blockchains.