NFTs Weekly Trading Sales Volume Rises 14% to $135 Million

NFT Market Resurgence: The NFT market has rebounded significantly, with a trading sales volume of $135 million in the past week, driven by renewed interest in blue-chip collections like Pudgy Penguins and CryptoPunks, and an increase in traders by 112% to 617K.

Top Performing Blockchains: Ethereum led the NFT market with over $55 million in sales, followed by BNB Chain with $25 million (up 202%), while Base and Mythos Chain saw declines in sales. Bitcoin-based NFTs also experienced a 24% drop in trading volume.

Leading NFT Collections: The Vesting NFT collection was the top seller at $17 million, followed by Moonbirds at $7.9 million and DX Terminal at $7.6 million. Other notable collections included DMarket and GoG Heroes, with varying sales performances.

High-Value Sales: The top NFT sale was BNB’s Vesting #516, which sold for $961,714, indicating a potential for future growth in the NFT market, although experts caution against a repeat of the 2021 speculative boom.