NFT summer is heating up – NFT sales surge 16% this week to reach $180 million

Market hype around non-fungible tokens, including NFTs hosted on the flagship chain Bitcoin, suggests that the long winter of NFTs may be over and a new summer of cryptocurrencies may begin sharply. there is The NFT market is showing signs of recovery this week after a slump over the past 12 months.

NFT sales up 16% this week

Acquired data crypto slam The NFT market surged this week, showing a 16% increase in transaction turnover week-over-week. In the past seven days, the non-fungible token market has recorded $180 million in trading volume.

Ethereum NFTs held the largest share during this period, attracting $107 million in global revenue. Ethereum’s potential market rival Bitcoin Ordinals has followed closely with $30 million in sales over the past seven days.

Solana NFT collected $10 million in transaction revenue, while Polygon, an Ethereum scaling solution, posted $9.1 million in transaction revenue in the last seven days. Solana NFT plummeted his 12% while Polygon gained 3% this week.

5 best-selling NFT collections of the week

1. Bored Ape Yacht Club NFT

Bored Ape Yacht Club, an NFT collection from digital asset firm Yuga Labs, features a limited edition of 10,000 pieces, making it the most traded NFT collection of the week. In the past 7 days, the NFT collection has recorded $10 million in transactional sales.

2. $ORD BRC-20 NFTs

$ORD BRC-20, a regular collection that uses the same functionality as the popular Ethereum ERC-20, is the second NFT collection to trade this week. In the last 7 days, the $ORD BRC-20 NFT collection hit $10 million in sales.

3. Azuki NFT Collection

AZUKI, an NFT collection from digital asset incubation studio Chiru Labs, has become the third most traded NFT collection in the last seven days. Featuring 10,000 limited edition animated NFTs, the NFT collection hit $8.5 million in trading volume.

4. Mutant Ape Yacht Club NFT

Mutant Ape Yacht Club, another NFT collection from digital asset firm Yuga Labs, did very well this week. In the past seven days, the Mutant Ape Yacht Club has recorded his $8.2 million deal value. The NFT collection has increased by 80% this week.

5.D Market NFT Collection

DMarket, an NFT collection featuring randomly generated NFTs hosted on Mythos Chain, has become the fifth most traded NFT collection in the last seven days. DMarket recorded $7.1 million in trading turnover. However, NFT collections plunged 2% from the previous week.

Wall St Bull Ordinals – Best Bitcoin Ordinals to Buy Today

Wall St. Bulls, the Wall St. Meme Community’s regular collection featuring 420 limited-edition NFTs, also performed strongly this week. The Wall St Memes Group recently launched a pre-sale of Meme Coins and within five days he has already sold $2.5 million.of $WSM token pre-sale sells out fast Faster than expected.

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