Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
The non-fungible token (NFT) sector saw a noticeable increase in weekly sales, with a considerable increase in investor interest. This is curious news, considering the strong profit-taking experienced by the broad Cryptocurrency market. The latter, despite being a source of nervousness, did not noticeably affect sentiment in this digital collectibles sector.
In this way, data from the Cryptoslam.io portal reflects that sales in the last 7 days exceed $300 million dollars. Most of this activity was generated on the Ethereum network, where collectibles worth more than $200 million were sold.
This rise was mainly linked to the phenomenon of some collections such as Pudgy Penguins, LilPudgys and Azuki. The first of these collections alone accounted for 25% of all sales on Ethereum. As you can see, the collectibles sector seems to have a notable renaissance in recent weeks.
Despite this, weekly sales of NFTs remain far from the best moment of this market. Despite the partial recovery, analysts consider that there is still a long way to go to say that the sector is stable again.
Penguins led sales this week in the NFT sector: Cryptoslam
Ethereum leads NFT sales
As already mentioned, the Ethereum network accounted for just over two-thirds of sales in the collectibles sector this week. The curious thing is that it was a solo competition against his main rivals.
In that sense, of the top 5 of the main NFT market blockchains, only Ethereum reflected green numbers. According to the same data portal, Bitcoin sales experienced a drop of -37.23% with only $34.8 million in sales. Solana also showed a significant decline of -7.95% with sales of $29.1 million.
In fourth and fifth place, Mythos and Immutable sold collectibles for $11 million and $6.7 million respectively. The numbers of these networks were also red at -1.10% and -14.14% in the same order. Further down, other networks experienced huge percentage growth, but it amounted to no more than $5 million.
It should be noted that most of these networks are second layers of Ethereum. As far as collections are concerned, the situation was remarkably favorable for the penguins. Pudgy Penguins, LilPudgys and Azuki totaled nearly $90 million in sales combined.
At the same time, other legendary collections, such as CryptoPunks, experienced sales of $7.7 million. This represents a notable growth of more than 89%, but it is not enough to compete for the first places due to the low comparative volume. In any case, weekly NFT sales continue their recovery process at a good pace.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
