The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon.
Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a nearly 43% increase in the number of NFT buyers, to a total of 468,822, and a 41% rise in the number of sellers, to 223,433.
Moreover, the market registered over 1.8 million transactions, as NFT traders showed increasing interest in premium collections and emerging projects.
Ethereum maintains its strength
In terms of individual blockchain performance, Ethereum (ETH) once again cemented its position as the dominant blockchain for NFTs, with sales reaching $36.4 million. This was a 34% increase from the previous week.
As in the previous week, Solana (SOL) and Polygon (MATIC) also performed stellarly, contributing significantly to the overall growth of the NFT market last week. Solana recorded $18.45 million in sales, reflecting a 14.70% increase, with a staggering 61.18% increase in the number of buyers to 202,167.
On the other hand, weekly sales on Polygon increased by more than 90%, reaching $12.49 million. The number of NFT buyers on the blockchain also increased by 37.77%, reaching 84,505.
Notable NFT Sales and Collections
The weekly NFT activity also featured some major individual NFT sales. For example, on Arbitrum (ARB), the locked deposit gETH #158 fetched a staggering $256,513, making it one of the highest sales of the week.
Ethereum’s Zoth_Nibiru_Pool1 #4 also made headlines by selling for $250,000, while Solana’s BOOGLE #61 hit the third highest price of the week at $201,200.
CryptoPunks and DMarket Shine
In terms of collections, CryptoPunks — built on Ethereum — took the top spot after attracting over $7.4 million in weekly sales. The amount came from just 102 transactions — a 292% increase over last week’s figures.
Meanwhile, DMarket generated $4.99 million in sales across 195,143 transactions on the Mythos Chain, cementing its position as a significant player in the NFT ecosystem.
Bored Ape Yacht Club maintained its relevance with a 21.46% increase in sales, bringing the amount raised to $3.58 million.
Despite the 12.25% drop in sales of The Guild of Guardians NFTs on Immutable (IMX), they still managed to remain in the top five, with just over $3 million.
Finally, Sorare came in fifth place in terms of sales volume, continuing its trend with sales of around $2.6 million. However, the number was down 27% from last week. We also saw a decrease in the number of transactions, which fell by more than 12%, according to CryptoSlam.