Despite the overall crypto bear market, the NFT market is beginning to feel a little boomtastic, with weekly sales volume up 10.69% to over $115 million. Ethereum is once again taking the lead and enjoying a massive increase in sales. While other blockchains had similar success in diversifying the overall space, they weren’t all as successful in capturing that attention and money.
Ethereum finished with $37.5 million in sales, a significant week-over-week gain of 54.17%. This rush comes as Ethereum’s price has rebounded 35%, and the second biggest cryptocurrency continues to hold near $2,400. On Ethereum’s side, its wash trading is up 50.24% to $4.9 million.
Polygon holds on tight with $19.1 million in sales, though down 8.08%. The network has seen large growth in the amount of transactions (18.52%), buyers (83.33%), and sellers (15.79%). Mythos Chain in third with $15.6 million. Bitcoin is in fourth place at $14 million, a 4.65% increase from last week. Bitcoin price has since returned to the $103,000 mark.
DMarket in second place with $10.5 million (+4.59%). Solana comes in at number five with $7.9 million. Solana closely trailed this at 86.51% and Mythos Chain at 76.68%. The health of the collection’s seller count has declined by -42.18%. The collection has continued to grow in every metric, with total transactions having increased 769.68%, total buyers increased 618%, and total sellers up 469.57%.
