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After a year of great losses for the blockchain-based collectibles sector, hope finally seems to arrive. The overflowing optimism with Bitcoin’s rise above the $100K barrier caused enormous enthusiasm among investors. Particularly, non-fungible token (NFT) sales saw a significant recovery.
Although they are still a long way from their glory days, digital collectibles seem to be moving away from the funds of this 2024. In that sense, interest is reborn again with particular strength. According to data from the Cryptoslam.io portal, during the last week the sales of these tokens reached $194.6 million dollars.
This represents a 20.41% improvement in 7 days. Since the beginning of November, after the elections in the US, the sector has been regaining strength significantly. Particularly striking is the recovery of activity in the Ethereum network, which had lost a lot of space to Solana.
Collectible tokens were sold in the order of $99.3 million on the largest multi-purpose blockchain alone. NFT sales growth on Ethereum reached an improvement of 51.68%. For its part, the Bitcoin network was the second with the highest amount of sales, with $43.7 million. However, this sum represented a 12% drop compared to last week.
NFT sales saw a weekly recovery of more than 20%. Source: Cryptoslam
NFT sales go through an accelerated recovery process
In the case of the Solana blockchain network, it experienced sales in the order of $17.1 million, with a weekly improvement of 14.24%. Meanwhile, Immutable and Mythos followed relatively closely with $11.2 million and $11.08 million respectively. In the case of Immutable, it experienced a weekly growth in sales of 53.57%.
For its part, among the private collections, Pudgy Penguins stands out as the undisputed leader among buyers’ preferences. This collection sold tokens for the amount of $26.97 million dollars, which represents a growth of 373.95% in the last 7 days ending this December 8.
In second place, and a considerable distance away, CryptoPunks sold $15.7 million, with a growth of 21.39%. Bitcoin’s Unknowns and Immutable’s Guild of Guardians Heroes collection sold a roughly similar amount of $9 million each. However, for the former these sales translated into a weekly decline of 36.40%, while for the latter it was a positive 61.30%.
In general terms, it can be said that sales in the NFT sector continued the good streak and expectations of a greater recovery are reborn. During the last 30 days, sales reached $692.8 million, which are led by Ethereum ($287M), Bitcoin ($210M) and Solana ($87M).
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