Join our Telegram channel to stay updated on breaking news coverage
Data analysis of the non-fungible token market shows that the nascent sector has shown modest growth in recent weeks after trading volume fell by more than 25% in April. In the last 30 days, the sales volume of the global NFT market declined by only 3%.
NFT Market Hit $767M in Sales Last Month
According to data compiled by CryptoSlam, an on-chain market data aggregator, the non-fungible token market has attracted a trading sale volume of $767 million over the past 30 days, showing a massive increase from the previous month.
During this period, Ethereum-based NFTs took the lion’s share, registering a merchandise sales volume of $394 million. NFTs hosted on the flagship blockchain “Bitcoin” emerged as the second most traded NFTs, with a trading sales volume of $192 million. Ethereum NFTs are down 22%, while bitcoin ordinal has pumped 400% over the past 30 days.
Non-fungible tokens hosted on the Solana blockchain fell almost 50% in trading sales volume to just $43 million, while NFTs hosted on the Ethereum scaling network Polygon fell 43% to $33 million. In the same period, the Mythos Chain NFT pumped 9% in trading sales volume to $35 million.
The NFT market has experienced a boom in NFT wash trades. Again, Ethereum dominated with a high number of wash trades totaling over $420 million. Bitcoin has followed the streak with 5 million. NFT wash trading is when the buyer is the same person who sold the NFT.
Best selling NFTs in the last 30 days
1. Bored Ape Yacht Club NFT
Bored app Yacht Club, the flagship NFT collection for digital asset firm Era Labs, has been the best-selling NFT collection over the past 30 days. During this period, the NFT collection registered a sales volume of $42 million. NFT collections have dropped 5% during this period.
2. $ORD BRC-20 NFTs
The $ORD BRC-20, a serial collection hosted on the bitcoin network, has been the second most traded NFT collection. In the last 30 days, the Ordinal collection has been recorded at $38 million, just a few points behind Bored Ape Yacht Club NFT.
3. DMarket NFT
DMarket, an NFT archive featuring automatically generated NFTs on the Mythos chain, is another NFT archive that has performed well in recent weeks. In the past 30 days, the DMarket NFT collection has recorded a trading volume of $35 million.
4. Mutant Ape Yacht Club NFT
Mutant Ape Yacht Club, an NFT collection from digital asset firm Yuga Labs that has a limited edition of 20,000 NFTs, has gained the fourth spot in the past month. In the past 30 days, Mutant Ape Yacht Club has recorded $25 million in merchandise sales volume.
5. Blue-chip Azuki NFT
Blue-chip Azuki, the NFT collection from digital asset firm Chiru Lab, has recorded a trading sales volume of $24 million, closing out our best-selling NFT collection over the past 30 days. NFT collection pumped up 26% of the transaction count.
The Space Peps Ordinal was the most expensive NFT collectible last month, selling for $4.5 million 24 days ago. Unclassified ordinals sold last month for the whopping sums of $4.5 and $1.5 million. Bored Ape Yacht Club #4980 sold two weeks ago for $970,000.
Best NFT Collections to Buy This New Month
Bitcoin NFTs are on the rise and have been making waves in recent weeks. The Wall St. Bulls, a serialized collection of memes from legendary crypto community The Wall St., has shown promising signs of generating massive returns in the coming weeks.
Ordinals Mint is still alive
2 Wall Cent Bull NFTs (Eth) are airdropped to anyone who mints them in the next 48 hours.Magic Eden Mint Link Here:
420 Bulls At 690k Block, Be A Part Of Bitcoin History With The Bulls
— Wall St Bulls (@wallstbullsNFT) May 30, 2023
Launched late last week, Wall Saint Bulls is a simple collection, consisting of a limited set of 420 NFTs created from 690,000 Satoshi blocks. Wall St bulls have racked up $70,000 in selling volume over the past seven days. The Wall St. Memes recently launched a pre-sale, which has already raised over $2 million in less than a week.
Related NFT News:
Wall Street Memes – Next Big Crypto
- Early Access Presale Live Now
- Established community of stock and crypto traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated Best Crypto To Buy Right Now In The Meme Coin Sector
- The team behind the OpenSea NFT collection – Wall St. Bulls
- Elon Musk replied to the tweets
Join our Telegram channel to stay updated on breaking news coverage
Source
Credit: Source link