The NFT market is experiencing a promising resurgence, with sales volume up 10.69% to $115 million. Ethereum is once again in the driver’s seat with $37.5 million in sales, a 54.17% increase week-on-week. Additional funding from other blockchains like Polygon, Mythos Chain and even Bitcoin and Solana price increases helped bring the broader market up with it.
Ethereum has seen a particularly impressive rebound, up 35% in price over the past week. It’s currently trading near the $2,400 mark. Strong momentum across the entire cryptocurrency market is stimulating record activity in the crypto NFT space. This wave is all the more fueling increasing investor appetite. On the other hand, Ethereum’s wash trading shot up by 50.24% to $4.9 million.
Polygon continues to have a good chokehold on second place, with $19.1 million in sales for a drop of 8.08%. The Polygon collection has seen spikes in transactions (+18.52%), buyers (+83.33%) and sellers (+15.79%).
Mythos Chain took third place with stellar sales of $15.6 million. Bitcoin wasn’t far behind, netting $14 million and a 4.65% uptick from last week. Bitcoin price has since recovered to the $103,000 level. The number of sellers in the collection has decreased by 42.18%. The size of the collection has increased dramatically on every metric, where transactions are up 769.68%, buyers are up 618%, and sellers are up 469.57%.
Solana closes out the top five at $7.9 million. DMarket in second place with $10.5 million, +4.59%. Solana in a distant second at 86.51% and Mythos Chain in third at 76.68%.
