Bi-Weekly NFT: NFT Trading Volume Surges with Ethereum Leading

by Angela
2024.05.21
Bi-Weekly NFT: NFT Trading Volume Surges with Ethereum Leading

The total NFT daily trading volume has increased, primarily centered around Ethereum, generating $25.1 million. Solana follows closely behind at $4.8 million, with Bitcoin trailing slightly at $4.2 million. Ethereum's leading position in trading volume also reflects its dominance in the associated marketplace. This is evident from the marketplace volume, where Blur is capturing half of the current market share. This trend appears to be driven by the introduction of new collections and reward systems by Blur and its layer-2 chain, Blast.

Source: nftpulse.org

Source: nftpulse.org

Looking at the top 5 NFT collections across all chains based on trading volume over the past week, Fantasy Top, an NFT collection for trading cards on Blast, has taken the lead, surpassing major Ethereum collections like Azuki and Bored Ape Yacht Club.

Source: dappradar.com

Fantasy Top Marketplace

Lastly, let's delve into the top five sales in the entire NFT market over the past 7 days.

  1. CryptoPunk #608: 60 ETH
  1. CryptoPunk #8796: 52 ETH
  1. CryptoPunk #3259: 48 ETH
  1. CryptoPunk #4577: 47 ETH
  1. CryptoPunk #486: 43 ETH

CryptoPunk #608
CryptoPunk #8796