NFT market growth: up 17% to $145.3M
The Non-Fungible Token (NFT) market experienced positive growth this week, with sales up more than 17% during a period of decline.
Total sales reached $145.3 million, with approximately 230,000 active buyers and sellers.
Blockchains by NFT sales volume
The Bitcoin (BTC) network led the charge for NFT sales on the blockchain, reaching $47.74 million — an impressive 50.33% increase over the previous week.
The network also recorded more than $39,000 in cash trading — up 15.39% from last week’s total.
Despite the growth in sales volume, the Bitcoin NFT space recorded an almost 96% decline in the number of active customers. Only 2,056 addresses were actively involved in the week’s trading.
Close behind in terms of weekly NFT sales volume was the Ethereum (ETH) blockchain, which, according to data from Crypto Slam, recorded more than $35 million in sales between June 2 and June 8
As reported by Crypto News, Ethereum had the highest number of NFT sales last week, with total sales of $37.43 million. This week’s figure fell slightly by 0.31%, moving the Ethereum blockchain to the second-best position in terms of NFT volumes traded.
The network’s washing business volume also fell about 6.87% to $24.7 million. In terms of buyers, Ethereum was far more active than Bitcoin over the past seven days, with over 15,000 buyers participating in NFT transactions. However, according to Crypto Slam data, the volume is still down 59.67% from last week.
Polygon (MATIC) NFT sales also saw a significant increase, up 22% to $19.63 million. Solana (SOL) fell 4.53% to fourth at $18.225 million. This was followed by Immutable X (IMX), which rose 13.15%.
Conclusion: NFT market growth of 17% to $145.3 million highlights the growing interest and investment in digital assets. With increasing critical player adoption, technological advancements, and expanding applications.
