Despite the recent hype surrounding shitcoins, global trading volumes for non-fungible tokens surged this week, according to market data. The NFT market is up 36% to hit over $217 million in the last seven days.
Bitcoin NFTs Up 260% This Week
According to CryptoSlam, On-chain market data aggregatorEthereum-based NFT products accounted for the largest market share, attracting more than $112 million in the last seven days. Ethereum NFTs are up 15% from last week during this period.
Bitcoin NFTs recorded two consecutive gains this week. The NFT collection has grown 260% over the past seven days to reach $56 million. Mythos Chain, a permissioned EVM blockchain and gaming ecosystem powered by the MYTH utility token, placed him third ahead of popular chains such as Polygon and Solana. This week, Mythos-based NFTs hit $11 million in sales.
Non-fungible tokens hosted on Solana dropped slightly this week. Solana NFT is down 21%, posting just $9 million in trading turnover over the past seven days. Porygon NFT took 5th place this week, making $7.5 million.
Top 5 NFTs Collection with Transaction Sales in the Last 7 Days
1. Bitcoin NFTs
Bitcoin NFT “Uncategorized” emerged as the best-selling NFT this week, reaching $15 million in transaction turnover. Over the past seven days, Bitcoin NFT buyers have increased by more than 240% of him, while NFT sellers have increased by 247%.
2. Bored Ape Yacht Club NFT
Bored Ape Yacht Club is another non-fungible token that saw a significant increase this week. Featuring 10,000 limited edition NFTs, Yuga Labs’ NFT collection hit $14 million in transaction sales this week.
3. $ORD BRC-20
BRC-20, an experimental token standard for the Bitcoin blockchain, ranked third this week. Ethereum’s ERC-20 inspired NFT collection hits $12 million in transaction volume. BRC-20 NFT is up over 120% this week.
DMarket is an in-game digital asset hosted on the Mythos network. The NFT collection is up 65% this week, hitting $11 million in trading volume over the past seven days. Nonetheless, these NFTs fell short of many buyers and sellers this week.
5. Milady Maker NFT
Milady Maker is an NFT collection from digital asset incubation company Remilia, featuring a limited edition of 10,000 generated PFP NFTs. In the last 7 days, the NFT collection has sold 10 million pieces. This week we have delivered 120% power.
Space Pepes is the most expensive NFT collection in the last seven days, selling for $4.5 million six days ago. Various Bitcoin NFTs have been sold for mind-boggling amounts, with the most expensive one selling for $4.4 million two days ago.
Elon Musk Launches NFT Rocket This Week
The weather has been perfect for NFTs this week, good news from established projects, hot tech, trading meme coins like Pepe has put a little money in traders’ pockets, and Twitter’s CEO There was a well-timed tweet from billionaire Elon Musk. .
Midway through this week, Twitter boss Elon Musk sparked a brief frenzy within the non-fungible token market after sharing a meme containing the instantly recognizable avatar of the popular Milady Maker NFT collection.
— Elon Musk (@elonmusk) May 10, 2023
Milady Maker’s NFT collection exploded by over 50%, with NFT market sales for the rest of the week reaching a high of $217 million. The Milady Maker NFT collection is consolidated at around -6%, but the NFT market appears to be on an upward trajectory.
Binance Creates Short NFT Craze
Binance, one of the leading blockchain ecosystems for digital assets and non-fungible tokens, sparked a brief frenzy this week around NFTs. This cryptocurrency exchange integrated Bitcoin NFTs into the marketplace, giving Ordinals a new way to reach the masses without the need for technical wizardry to trade Bitcoin NFTs.
Bitcoin Ordinal NFT Coming to Binance NFT Marketplace!
🔶 Use the form below to register now for exclusive benefits.
— Binance NFT (@TheBinanceNFT) May 11, 2023
Following the evolution of Ordinal’s new flavor called BRC-20, NFTs of the flagship blockchain “Bitcoin” are attracting attention. BRC-20 is Bitcoin’s version of Ethereum’s memecoin, but it’s also essentially an NFT collection.
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Launchpad is a new platform that helps collectors explore NFTs with higher profit potential. The new platform gives users the analysis and insight they need before making investment decisions. The new platform is in its second phase and has already raised over $380,000 in the pre-sale of LPX tokens.
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