In brief
The amount of NFT sales rose 16.1% to $96.1 million as a result of the recent surge in the cryptocurrency market. This rise caused Bitcoin’s blockchain NFTs to surpass Solana’s in terms of overall sales volume. The NFT market is still robust and does well in several chains, even if there has been a noticeable drop in active buyers.
The expansion of the NFT market during the cryptocurrency boom
NFT revenues have increased significantly in sync with the rise of the cryptocurrency market, rising 16.1% to $96.1 million.Important contributing causes include the worldwide cryptocurrency market cap increasing 3.29% to $2.6 trillion and Bitcoin hitting a new high of $77,252.75 following Donald Trump’s victory in the U.S. election.
YOU MIGHT ALSO LIKE THIS: Bitcoin Soars to $77K Just Days After U.S. Elections
Bitcoin NFTs Surpass Solana
Ethereum remains the top NFT blockchain with $31.2 million in sales, but Bitcoin has now claimed the second position, overtaking Solana with $26.3 million in NFT sales—up 93% in a week. Solana dropped to third, while Mythos Chain and Polygon earned fourth and fifth places, respectively.
Highlights of the Collection and Best-Selling NFTs
During a week with significant sales, some of the best-selling NFTs were:
1) $198,680 for SuperRare #7533
2) $154,044 for CryptoPunks #7596
(#142,742) Protoshrooms Additionally, CryptoPunks maintained its high demand, earning several spots among the top-grossing NFTs for the week.
YOU MIGHT ALSO LIKE THIS :Binance Labs Backs DeSci Platform BIO Protocol