NFT sales soar this week by 36% to $217 million – Bitcoin NFTs explode by 260% – Anna D. Smith Fine Art and Real Estate Daily

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Market data shows that despite the recent hype surrounding shitcoins, the global trading volume of the non-fungible token has seen a higher jump this week. The NFT market has pumped 36% in the past seven days, recording over $217 million.

Bitcoin NFTs Pumped 260% This Week

According to CryptoSlam, an on-chain market data aggregator, Ethereum-based NFT products accounted for the largest market share, attracting more than $112 million in the past seven days. During this period, Ethereum NFTs have pumped 15% since last week.

Bitcoin NFTs have followed a second streak this week. NFT collections have increased by 260% to $56 million in the last seven days. Mythos Chain, a permissioned EVM blockchain and gaming ecosystem that operates on the MYTH utility token, has taken the third place, outperforming popular chains such as Polygon and Solana. Mythos-based NFTs have recorded a sales volume of $11 million this week.

The non-fungible coin hosted on Solana is down a bit this week. Solana NFTs are down 21%, recording only $9 million in trading volume over the past seven days. Polygon NFTs are in fifth place this week, recording $7.5 million.

Top five NFT collections in trading sales in last 7 days

1. Bitcoin NFT

The bitcoin NFT “Declassified” emerged as the best-selling NFT this week, with $15 million in trading sales volume. Over the past seven days, bitcoin NFT buyers have increased by more than 240%, while NFT sellers have increased by 247%.

2. Bored Apes Yacht Club NFT

Bored Ape Yacht Club is another non-fungible coin that has seen significant gains this week. The NFT collection from Yuga Labs, which has a limited edition of 10,000 NFTs, recorded $14 million in trading sales volume this week.

3. $ORD BRC-20

BRC-20, an experimental token standard for the bitcoin blockchain, takes the third spot this week. Ethereum’s ERC-20 inspired NFT collection has recorded $12 million in trading sales volume. BRC-20 NFTs have pumped over 120% this week.

4. DMarket

DMarket is an in-game digital asset hosted on the Mythos Network. NFT collections are up 65% this week, registering $11 million in trading sales volume over the past seven days. Nonetheless, this week these NFTs went short with many buyers and sellers.

5. Milady Maker NFT

Milady Maker is an NFT collection from digital asset incubation firm Remilia, featuring a limited edition of 10,000 generative PFP NFTs. In the past seven days, the NFT collection has registered a sales volume of 10 million. It has pumped 120% this week.

Space Peps was the most expensive NFT collectible in the past seven days, selling for $4.5 million six days ago. Different bitcoin NFTs have sold for head-scratching sums, with the most expensive sale two days ago for $4.4 million.

Elon Musk Launches NFT Rocket This Week

The weather in NFTs has been perfect this week, with good news from established projects, hot tech, a little money in traders’ pockets from trading meme coins like Pepe, and a timely tweet from billionaire Elon Musk, CEO of Twitter. .

In the middle of this week, Twitter boss Elon Musk caused a minor craze within the non-fungible token market after sharing a meme featuring an instantly recognizable avatar of the popular Milady Maker NFT collection.

pic.twitter.com/4s6HwnCY74

— Elon Musk (@elonmusk) May 10, 2023

Milady Maker’s NFT collection has grown by more than 50%, leading the rest of the NFT market to a high of $217 million in sales volume this week. Even though the Milady Maker NFT collection is consolidating around -6%, the NFT market appears to be in an upside trajectory.

Binance created the short NFT craze

Binance, one of the leading blockchain ecosystems for digital assets and non-fungible tokens, has created a mini-frenzy around NFTs this week. The crypto exchange integrated bitcoin NFTs into its marketplace, giving Ordinals a new way to reach the masses without needing to be tech wizards to trade.

Bitcoin Ordinal NFTs Are Coming to the Binance NFT Marketplace!

🔶 Register now to avail exclusive benefits using the form below.

— Binance NFT (@TheBinanceNFT) May 11, 2023

NFTs on the dominant blockchain “Bitcoin” have become red hot following the development of a new flavor of ordinal called BRC-20. BRC-20 is the bitcoin version of Ethereum’s meme coins, but they are also like NFT collectibles at their core.

Discover the Best NFTs with Launchpad.XYZ

Launchpad is a new platform that helps collectors locate NFTs with high potential to generate high returns. The new platform provides users with the analysis and insights needed before making investment decisions. The new platform is in its second phase and has already raised over $380,000 from its LPX token presale.