NFT Sales Reach $95.42M, Ethereum Leads Amid Declining Market Participation

NFT sales rose 6.29% to $95.42M, led by Ethereum with $32.46M, while Bitcoin-based NFTs fell 10.03%.

Non-fungible token (NFT) sales increased by 6.29% from the previous week between August 3 and August 10, 2024, reaching a total of $95.42 million.

Nevertheless, the NFT market experienced a significant decrease in the number of participants, with purchasers and sellers both experiencing an 86.34 percent and 77.25% decrease, respectively.

NFT Market Grows by 6.29%

Compared to the previous week, the sales of NFTs increased by 6.29% from the previous week. Ethereum-based NFTs accounted for $32.46 million in sales, representing a modest 0.06% increase, out of the $95.42 million generated.

Solana NFTs followed with a volume of $19.52 million, representing an 11.08% increase. Bitcoin was in third place, with BTC NFTs generating $14.69 million in sales, despite a 10.03% decrease.

Mythos' Dmarket maintained its position as the top NFT collection for the week, as it had done the previous week.

Dmarket's sales increased by 334.87% to $7.22 million. Immutable X's Guild of Guardians collection achieved the second position with $3.6 million, a 7.28% increase from the previous week.

Sorare NFTs, which rounded out the top three, generated $3.34 million in sales, despite an 11.39% decrease.

Autoglyphs #172, which was sold for $207,500 six days ago, was the most expensive NFT sale of the week. The BNB Lockndeal NFT, which was also sold six days ago, followed closely behind, fetching $136,959.

On August 4, the third-highest sale was an Arbitrum NFT known as GUSD Locked, which was sold for $123,840. The most expensive transactions of the week were closely followed by NFTs from Bitcoin, Solana, and Polygon.