Ethereum

Solana

DMarket

Bull Market

<p>The crypto market frenzy appears to have cooled, and investors have begun shifting attention to other digital assets like meme coins and non-fungible token collections. The crypto market mania started earlier this month and has left the flagship crypto ‘Bitcoin’ soaring above $73,000 for the first time in crypto history. In this article, we shall explore the state of the NFT market in the past seven days.</p> 
<h2 id="investors-buying-nfts-spike-100-last-week">Investors Buying NFTs Spike +100% Last Week</h2> 
<p>Data compiled by <a href="https://www.cryptoslam.io/">Cryptoslam.io</a>, an on-chain crypto market tracker, shows that the global non-fungible token market has gained some traction this past week. In the past seven days, the NFT has seen over 400,000 investors buying NFTs, representing a 114% spike from the past week.</p> 
<p><img decoding="async" class="alignnone wp-image-490212" src="https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-investors-300x88.png" alt="NFT investors" width="842" height="247" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-investors-300x88.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-investors-1024x300.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-investors-768x225.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-investors.png 1161w" sizes="(max-width: 842px) 100vw, 842px"></p> 
<p>Bitcoin, the same blockchain network powering the flagship crypto, ‘Bitcoin,’ was the most traded blockchain network this past week. In the past seven days, Bitcoin-based non-fungible token collections have amassed a trading sales volume of $132 million. Bitcoin NFT sales surged by 2.65% compared to the previous week.</p> 
<p>Ethereum, the largest adopted NFT blockchain network, was the second most-traded blockchain network. In the past seven days, the Ethereum-based NFT collection has recorded a trading sales volume of $117 million. However, Ethereum NFT sales volume has fallen 16% from the previous day.</p> 
<p><img decoding="async" class="alignnone wp-image-490213" src="https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-sales-by-chain-300x179.png" alt="NFT sales by chain" width="838" height="500" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-sales-by-chain-300x179.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/NFT-sales-by-chain.png 642w" sizes="(max-width: 838px) 100vw, 838px"></p> 
<p>Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, was the third most-traded blockchain network in the NFT ecosystem. In the past seven days, Solana-based NFT collections have recorded a trading sales volume of $64 million, representing a 3.42% spike from the previous week.</p> 
<p>BNB Chain, a blockchain network from the crypto exchange Binance, and Polygon, an Ethereum scaling solution, were the fourth and fifth most-traded blockchain networks in the NFT ecosystem. In the past seven days, the BNB Chain-based NFT collections have amassed a trading sales volume of $8.7 million, while Polygon-based NFT collections have recorded a trading sales volume of $8 million.</p> 
<h2 id="top-selling-nfts-this-past-week">Top Selling NFTs This Past Week</h2> 
<p><img decoding="async" class="alignnone wp-image-490214" src="https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-1-4-300x135.png" alt="top selling nfts 1" width="842" height="379" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-1-4-300x135.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-1-4.png 696w" sizes="(max-width: 842px) 100vw, 842px"></p> 
<h3 id="1-bitcoin-ordinals-nft-collection">1. Bitcoin Ordinals NFT Collection</h3> 
<p>Bitcoin Ordinals, a non-fungible token collection created on the Bitcoin network using Satoshi Nakamoto’s ordinal theory, was the top-selling NFT collection last week. In the past seven days, the Bitcoin Ordinal collection has recorded a trading sales volume of $63 million. Bitcoin NFT sales surged 90% from the previous week.</p> 
<h3 id="2-nodemonkes-nft-collection">2. NodeMonkes NFT Collection</h3> 
<p>NodeMonkes, an NFT collection featuring a limited edition of 10,000 NFTs hosted on the Bitcoin blockchain network, was the second most-selling NFT collection this past week. In the past seven days, NodeMonkes NFT collection has recorded a sales volume of $16 million.</p> 
<h3 id="3-bored-ape-yacht-club-nft-collection">3. Bored Ape Yacht Club NFT Collection</h3> 
<p>Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset incubation studio Yuga Labs that features a fixed supply of 10,000 NFTs hosted on the Ethereum network, was the third most-selling NFT collection last week. In the past seven days, the Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $14 million. Bored Ape NFT sales surged 22% last week.</p> 
<h3 id="4-mad-lads-nft-collection">4. Mad Lads NFT Collection</h3> 
<p>Mad Lads, an NFT collection from the Solana development project Coral featuring a limited set of 10,000 NFTs hosted on the Solana blockchain network, was the fourth most-selling NFT series last week. In the past seven days, the Mad Lads NFT collection has recorded a sales volume of $11 million, representing a 55% spike from the previous week.</p> 
<h3 id="5-pandora-nft-collection">5. Pandora NFT Collection</h3> 
<p>Pandora, an NFT collection of 10,000 Replicants bound to the first tokens built on the ERC-404 token standard, was last week’s fifth most-selling NFT collection. In the past seven days, the Pandora NFT collection has amassed a trading sales volume of $7.4 million.</p> 
<p><img decoding="async" class="alignnone wp-image-490215" src="https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-2-4-300x114.png" alt="top selling nfts 2" width="842" height="320" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-2-4-300x114.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/top-selling-nfts-2-4.png 695w" sizes="(max-width: 842px) 100vw, 842px"></p> 
<h3 id="6-pudgy-penguins-nft-collection">6. Pudgy Penguins NFT Collection</h3> 
<p>Pudgy Penguins, an NFT collection featuring a limited supply of 8,888 penguin NFTs on the Ethereum blockchain, was the sixth most-selling NFT collection last week. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sale volume of $7.08 million.</p> 
<h3 id="7-dmarket-nft-collection">7. DMarket NFT Collection</h3> 
<p>DMarket, an NFT collection from the virtual in-game items marketplace DMarket, was the seventh most-selling NFT collection last week. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $7 million. DMarket NFT sales fell 6.26% from the previous week.</p> 
<h3 id="8-froganas-nft-collection">8. Froganas NFT Collection</h3> 
<p>Froganas, an NFT collection featuring a limited supply of 5,555 humanoid frogs hosted on the Solana blockchain network, was the eighth most-selling NFT collection last week. In the past seven days, the Froganas NFT collection has recorded a trading sales volume of $6.5 million.</p> 
<h3 id="9-cryptopunks-nft-collection">9. CryptoPunks NFT Collection</h3> 
<p>CryptoPunks, an NFT collection previously from the digital asset incubation studio Larva Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, was the ninth most-selling NFT collection last week. In the past seven days, the CryptoPunks NFT collection has recorded a trading sales volume of $6.4 million.</p> 
<h3 id="10-the-captainz-nft-collection">10. The Captainz NFT Collection</h3> 
<p>The Captainz, an NFT collection from the web3-focused venture studio featuring a limited edition of 9,999 NFTs hosted on the Ethereum blockchain network, was the tenth most-selling NFT collection last week. In the past seven days, the Captainz NFT collection has recorded a trading sales volume of $5.6 million, representing a 112% spike from the previous week.</p> 
<p>The trading sales volume for the ten top-selling NFT collections alongside other NFT collections has pushed the global NFT sale volume past $350 million levels. Now that the crypto market rally has cooled, the adoption and accumulation of NFTs are likely to continue this week.</p> 
<h4>Related NFT News:</h4> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/magic-eden-drops-a-commemorative-nft-collection-for-eth-nft-marketplace-users">Magic Eden Drops A Commemorative NFT Collection For Its ETH NFT Marketplace Users</a></li> 
 <li><a href="https://insidebitcoins.com/news/top-selling-nfts-this-week-pudgy-penguins-froganas-and-bored-ape-top-in-sales">Top Selling NFTs This Week – Pudgy Penguins, Froganas And Bored Ape Top In Sales</a></li> 
 <li><a href="https://insidebitcoins.com/news/nft-sales-jump-16-today-is-the-nft-bull-market-now-about-to-start">NFT Sales Jump 16% Today – Is The NFT Bull Market Now About To Start?</a></li> 
</ul> 
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Investors Buying NFTs Rose 114% Last Week – Will NFT Accumulation Continue This Week?

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Inside Bitcoins

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