The ETH -0.41%-dominates-nft-sales-with-90-market-share/">NFT market continues to show growth, with sales up 7.28% this week and a total of $179.64 million in sales over the past seven days. According to cryptoslam.io, Ethereum-based NFT sales accounted for $111.62 million, or 62.35% of total sales.
Solana SOL -2.05%, which ranked second in NFT sales this week, contributed $20.66 million, accounting for 11.54% of total sales. However, Ethereum-based NFT sales increased by 8.68%, while Solana-based NFT sales decreased by 20.88%. Other blockchain platforms such as Polygon MATIC -0.33%, Arbitrum, and Cardano ADA -0.13% have also contributed significantly to the NFT market.
The best-selling NFT series this week was Nakamigos, with sales reaching $11.29 million, a significant increase of 76% from the previous week.
The popularity of NFTs continues to rise, with collectors and investors showing strong interest in different blockchain platforms.
Ethereum Leads the Way With Over 60% Of NFT Sales
With the NFT market gaining momentum, Ethereum remains the main blockchain platform for NFT sales. Ethereum-based NFTs accounted for 62.35% of total sales and continue to attract collectors and investors. Sales of Ethereum-based NFTs increased by 8.68% this week, demonstrating the platform’s strong position in the NFT market.
Solana’s NFT Sales Drop, But Other Platforms Show Promise
While Ethereum leads the NFT market, Solana’s NFT sales fell 20.88% this week, accounting for 11.54% of total sales. However, other blockchain platforms such as Polygon, Arbitrum, and Cardano are gaining traction in the NFT market.
These platforms offer different features and benefits to collectors and investors, and their growing sales point to potential growth opportunities in the NFT space.
Nakamigos: The Hottest NFT Series of the Week
Among the many NFT series, Nakamigos became the best-selling series this week, with sales reaching 11.29 million US dollars. The collection is up 76% compared to the previous week, showing strong demand for unique and creative NFTs. The success of Nakamigos reflects the growing demand for NFTs as digital assets with value and meaning in the art and collectibles markets.
