NFT sales surge 22% to $198M as Azuki leads market growth
NFT sales surge 22%
CoinMarketCap data reveals a slight dip in the total cryptocurrency market cap from $3.6T to $3.58T this week. However, the NFT market experienced a resurgence in activity.
NFT sales volume grew by 22% to over $198M, with a notable influx of new buyers and sellers.
According to CryptoSlam
Number of NFT sellers: Increased by 45% to 319,002
Number of NFT buyers: Jumped by 62% to 447,099
Transactions: Declined by 4% to 1,413,428
Blockchain Performance
Ethereum NFTs: Sales surged 42% to $116.2M, with 48,616 buyers.
Bitcoin NFTs: Sales fell 8% to $25.5M, though buyers grew by 45% to 34,483.
Solana NFTs: Sales climbed 21% to $18.1M, with 160,057 buyers.
Mythos Chain: Fourth place at $13M (+2%).
Immutable: Fifth place at $7.2M (+20%).
Notable NFT collection growth
Azuki: Led the market with $29.3M in sales (+106%), attracting 547 buyers and 576 sellers. Transactions rose by 231%.
Milady Maker: Secured second place with $11.4M in sales (+891.32%).
Pudgy Penguins: Ranked third with $11M (+27.09%).
Azuki Elementals: Fourth with $9.5M (+49%).
CryptoPunks: Fifth with $8.2M (-3.7%).
Top NFT sales of the week
CryptoPunks #6472: $740,179 (225 ETH)
Azuki #6649: $546,615 (166 ETH)
Kreating Colourblin: $392,235 (400,041 ADA)
BOOGLE #9UiHGVa: $369,875 (1400 SOL)
Autoglyphs #378: $322,556 (100 WETH)
As we wrote, despite skepticism from many analysts about the future of the NFT market, 2024 has demonstrated that the industry is far from obsolete.
