Solana, Bitcoin, and Ethereum Drive the NFT Market to a 20% Increase Solana, Bitcoin, and Ethereum Lead the NFT Market to a 20% Growth
This past week, the NFT market experienced a significant rebound, reaching $23 million in total transactions, according to CryptoSlam. According to io, a well-known statistics site for the cryptocurrency market, global sales have risen by 276% following a period of slow growth, driven by increased activity across various blockchain networks. Source: CryptoSlam. In the NFT space, Ethereum continues to lead the market with $22.6 million in transactions in the last week, marking an impressive 2444% increase compared to the week before. Ethereum is the favored platform for large and frequently sought-after NFT collections. Bitcoin has taken the second spot among the most active blockchains for NFTs. Sales of Bitcoin-based NFTs, such as Runes and Bitcoin Ordinals, increased by 22.5% this week, totaling $76 million. Bitcoin has gained more attraction from investors and collectors as the popularity of NFTs has surged. Due to its fast and low-cost transactions, Solana experienced a 227% rise in NFT trading volume, reaching $22,024 million. This rise guarantees that Solana stays within the top 22024 most actively traded blockchains in the NFT market. Its flexible environment keeps drawing numerous new NFT projects. This week, Mythos Chain, mainly recognized for backing in-game assets, climbed to fourth place with a 21.22% increase in sales, reaching $5.5 million.