The world of non-fungible tokens (NFTs) is witnessing a remarkable upswing, with total sales reaching an impressive $198.1 million last week, marking a 22.44% increase from the previous week. This growth comes at a time when the broader cryptocurrency market shows varied movements, with Bitcoin hitting a high of $104,000 while Ethereum experiences a slight pullback from $3,300.
Among the standout performers in the NFT arena, Azuki has led with a phenomenal 107% increase in sales volume, totaling $29.3 million. This surge in Azuki's sales is accompanied by a significant uptick in both buyer and seller engagement, with transactions jumping by 231% within the week.
Solana also made notable strides in the NFT market, with its sales volume increasing by 21.40% to reach $18.1 million. The blockchain attracted 160,057 buyers, showcasing a robust demand for NFTs on its platform. Meanwhile, other networks like Mythos Chain and Immutable maintained their positions with modest growth, recording $13.0 million and $7.2 million in sales, respectively.
In terms of specific collections, Milady Maker made headlines by securing the second spot with $11.4 million in sales, a staggering 891.32% increase. Pudgy Penguins followed closely, maintaining a steady third place with $11 million, up by 27.09%. Azuki Elementals and CryptoPunks also saw significant sales, with the former at $9.5 million (up 49%) and the latter at $8.2 million despite a minor 3.72% decrease.
This week's data reflects a vibrant and expanding NFT market, seemingly undeterred by the fluctuating crypto prices. The enthusiasm for digital collectibles, especially those with strong cultural or branding elements like Azuki, continues to drive sales and attract new participants to the space.