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<div class="cryptonews"><p class="is-style-lead">Non-fungible token (NFT) sales have witnessed a significant <a href="https://thebittimes.com/tag/surge.html" rel="noopener noreferrer nofollow">surge</a> after taking a downward curve between Aug. 25 and 29.</p><p>According to CryptoSlam, NFT sales grew by 36.5% in the past 24 hours, reaching roughly $14.25 million. Per the data aggregator, the total trades are still down by 19% from its local top of $17.61 million on Aug. 17.</p><p>Moreover, the total number of transactions and the average sale have also registered 9.05% and 32.33% hikes. Per CryptoSlam, the number of transactions has reached 277,997 while the average value of a sale grew to $51.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> You might also like: </span> NFT market witnesses lowest transaction volume in two years </div><p>On the other hand, the total amount of wash <a href="https://thebittimes.com/tag/trades.html" rel="noopener noreferrer nofollow">trades</a> has also risen with the NFT uptrend. According to the data provider, the NFT wash volume has risen by 4.45%, reaching $4.51 million in 28,207 wash transactions.</p><p>Per CryptoSlam, Ethereum (ETH) remains the preferred blockchain for NFT <a href="https://thebittimes.com/tag/trades.html" rel="noopener noreferrer nofollow">trades</a>, with a total sales volume of $8.4 million. Polygon (MATIC) comes second with a notable share of $1.2 million.</p><p>The <a href="https://thebittimes.com/tag/surge.html" rel="noopener noreferrer nofollow">surge</a> comes while the number of wash <a href="https://thebittimes.com/tag/trades.html" rel="noopener noreferrer nofollow">trades</a> on the Ethereum network witnessed a 4% decline in the past 24 hours, reaching $3.1 million.&nbsp;</p><p>According to a crypto.news report on Aug. 24, the floor prices of the top NFT collections — BAYC, MAYC, CryptoPunks and Azuki, to name a few — have dropped significantly over the third week of August.</p><p>Furthermore, on Aug. 28, a report revealed that the NFT market witnessed a two-year low sales volume of just $8.9 million.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> Read more: </span> Top NFT floor prices plunge while sales slightly hike </div><span class="google-news-banner__label">Follow Us on Google News</span></div><p>Source: <a href="https://thebittimes.com/nft-trades-surge-as-the-average-sale-price-hikes-tbt61065.html" rel="noopener noreferrer nofollow">https://thebittimes.com/nft-trades-surge-as-the-average-sale-price-hikes-tbt61065.html</a></p>

NFT trades surge as the average sale price hikes

TheBitTimes

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