Despite Market Growth, Ethereum Maintains Dominance in NFT Sales with Weekly Decline.

The NFT market experienced a remarkable comeback, recording a total of $77.13 million in sales during the week of September 14-21, 2024. This increase indicates a significant increase of 7.33% compared to the previous week. Ethereum, which led the way in this revival, realized sales worth $23.62 million despite a small decrease of 9.32%. Solana, on the other hand, showed significant growth, increasing by 36.59% to $16.78 million in revenue. However, Bitcoin-based NFT sales remained at $12.55 million, down 15.43%.

During this period, significant growth was also observed in the Mythos and Blast blockchains, with sales increasing by 118.30% and 88.19%, respectively. The week’s top NFT collection was Mythos’ Dmarket, which increased by 129.81% to raise $5.51 million. Immutable X’s Guild of Guardians collection, on the other hand, dropped by 12.84% to bring in $2.86 million. Solana’s Dogezuki collection increased by 22.67% to sell for $2.47 million.

The week’s highest-value NFT sales further highlight the market’s activity. Ethereum’s Voting Token Vesting #32 NFT sold for a remarkable $328,263. Polygon’s Mining Pass #21 NFT came in second with $197,661. The Bitcoin-based Ordinal Maxi Biz NFT was recorded as the third-highest transaction at $90,127. These high-value sales demonstrate the enduring appeal of NFTs and their potential for investors.

In summary, the revival of NFT sales in the week of September 14-21, 2024, reveals the dynamic nature of the market. While Ethereum continues to play an important role, the impressive performances of new blockchains such as Solana and Mythos show that the market is diversifying. Investors and enthusiasts will be closely watching whether this momentum will continue and whether a new growth phase will begin in the NFT sector.

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