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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    How Soneium’s Mini-Apps on LINE Could Pave the Way for Mass Web3 Adoption in Asia

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    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

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    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

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  • Blockchain
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  • Analysis
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Home NFT

Bitcoin Ordinal Sales Surge by 1,816%—And It’s Just Part of This Week’s NFT Shakeup

October 20, 2024
in NFT
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Bitcoin Ordinal Sales Surge by 1,816%—And It’s Just Part of This Week’s NFT Shakeup
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Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.

READ ALSO

NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

Digital Collectibles Spike in Activity as Ethereum and Bitcoin Top the NFT Charts

NFTs enjoyed an increase in sales and activity this week. The number of digital collectible sellers rose by 107.92%, the number of NFT buyers jumped by 87.54%, and the 1,947,124 NFT transactions this week were around 15% higher than the week prior. Metrics collected by cryptoslam.io indicate that Ethereum was this week’s top blockchain in terms of NFT sales. $33.61 million was collected which was a rise for Ethereum, up 31.7%.

Bitcoin took the second position in terms of NFT sales gathering $21.41 million during the course of the week. Bitcoin-centric NFT sales are up 35.6% higher than the previous week. In third place, Solana-based digital collectible sales saw $16.69 million which was a rise of 40.87%. The Mythos NFT collection Dmarket was the top compilation this week raking in $5.23 million, but Dmarket sales are down 31.09% lower than last week.

Bitcoin’s Uncategorized Ordinals collection took the week’s second spot in terms of high-ranking sales for NFT collections. Uncategorized Ordinals managed to snag $4.86 million, up a significant 1,816% compared to last week. The third position in sales was the Immutable X collection Guild of Guardians (GoG). GoG managed to record $3.02 million, which is a modest 1.39% increase.

See also  Kresus and Christie’s Partner to Offer Blockchain-Based Ownership Certificates

The priciest NFT sold this week was an Uncategorized Ordinal that fetched $4.55 million. The second most expensive digital collectible sold was an Ethereum-based Tokenvestingplans NFT which sold for $913,526. Lastly, a BNB Chain-centric Lockndeal NFT sold for $114,511 three days ago. The latest data hints at a renewed interest in digital collectibles, reflecting increased participation across major blockchains and NFT collections.

While Ethereum and Bitcoin continue to dominate, the resurgence in Bitcoin Ordinals and Solana-based sales highlights shifting dynamics in the NFT ecosystem. This week’s standout sales highlight a growing diversification within the NFT market, indicating evolving preferences among buyers and sellers alike. It’s logical that the NFT market is aligning with the broader crypto market’s recent growth.

What are your thoughts on this week’s NFT action? Let us know what you think in the comments section below.

Tags: 1816AndBitcoinNFTOrdinalpartSalesshakeupSurgeweeks

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Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

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EDITOR'S PICK

Donald Trump image inscribed on Bitcoin blockchain by Marathon Digital

Donald Trump image inscribed on Bitcoin blockchain by Marathon Digital

January 17, 2025
Forbes Immortalizes Its ‘Under 30’ List on the Blockchain (@Forbes, You Sure You Wanna Do That?)

Forbes Immortalizes Its ‘Under 30’ List on the Blockchain (@Forbes, You Sure You Wanna Do That?)

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After Dencun, Ethereum devs set sights on Electra upgrade

After Dencun, Ethereum devs set sights on Electra upgrade

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Shiba Inu on the Verge of 600% Rally? Analyst Weighs In

Shiba Inu on the Verge of 600% Rally? Analyst Weighs In

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