Many people previously said that the NFT market was dead, but the crypto market boom driven by Trump's victory may have quietly heated up the NFT market. Last week, sales surged to $173 million, an increase of 94% compared to the previous week. The transaction volume of NFTs on Ethereum and BitCoin chains has grown the most, driving the overall NFT market frenzy, and even leading to the revival of NFT projects.
Ether Square and BTC lead the Non-fungible Token market, with a weekly sales volume of $173 million
Data shows that from 11/11 to 11/17, the non-fungible token market achieved a sales volume of $173 million in the past week, an increase of nearly 86% from last week's $93 million. Ethereum's non-fungible token sales currently reach $68 million, with a weekly increase of 111% and ranks first.
Source: CryptoSlam shows that the sales volume reached 173 million last week.
And the on-chain NFT sales of BTCon-chain are close behind, reaching $62 million, a growth of 115% compared to the previous week, becoming an important driving force in the current NFT market frenzy that cannot be ignored. In addition, the total NFT sales of platforms such as Solana, Mythos Chain, Immutable, Polygon, and BNB Chain reached $49 million, which is also a remarkable performance.
Non-fungible Token on-chain sales ranking Non-fungible Token weekly average transaction volume grew significantly by 87%, with monthly sales reaching $356 million
In addition to the significant increase in sales, the average transaction price of Non-fungible Tokens has also significantly increased. Last week, the average price of each Non-fungible Token transaction was $133.08, an 87% increase from the previous week's $71.11.
Last week, the average price of Non-fungible Tokens reached 130.68, breaking the trend of low prices in previous weeks
The current craze in the Non-fungible Token market is also reflected in the monthly data. The total sales of Non-fungible Tokens in October reached 356 million U.S. dollars, a rise of 18% from September's 300 million U.S. dollars, successfully ending a seven-month decline. At the same time, the Non-fungible Token volume in October also reached 7.2 million transactions, a rise of 42% compared to September.
In October, the total sales volume of Non-fungible Tokens reached $356 million, breaking the previous months' sluggish trend. The CryptoPunks zombie Non-fungible Tokens that were previously burned have been revived on Solana.
CryptoPunks series of Non-fungible Tokens from Ethereum, created by Matt Hall and John Watkinson of Larva Labs in 2017. It includes 10,000 unique 24x24 pixel characters, each of which is randomly generated through algorithms. Most of them are human-like, but there are also some special types, such as zombies (88), apes (24), and aliens (9).
One of the zombies in the recent Zombie series (#PUNK3493) was previously destroyed in 2019 and has now been resurrected on Solana on-chain. It is listed on the tokenization issuance platform vvaifu.fun of the DAO venture ai16z and AI Agent in the meme coin market. The market capitalization once surged to $25 million.
Source: DEX SCREENER Trump's election victory has a direct impact on the Non-fungible Token market, and a breakthrough in the doldrums is expected to make a full recovery.
While many people thought that the Non-fungible Token market was dead, many NFT projects have not given up hope and are trying to find a way out in this low ebb. For example, blue-chip NFT Doodles collaborated with McDonald's to launch 100 million limited edition McCafé x Doodles Holiday McCafe cups on 11/18, and participants have the chance to win metaverse outfits and music animation content on the McDonald’s app. Non-fungible Token Doodles surged by nearly 30% after the event launch.
As for Magic Eden, which is regarded as the biggest threat to OpenSea, it has announced that it will support Cross-Chain Interaction transactions with ten exchanges by the end of this year, and transactions including Non-fungible Tokens, runes, Ordinals, Solana, etc. can be conducted on Magic Eden.
With Trump's election driving the encryption market frenzy, BTC also reached 93K at one point, breaking the previous slump in the Non-fungible Token market. Recent developments not only show a significant rise in Non-fungible Token sales and volume, but also reflect the return of confidence among Non-fungible Token enthusiasts and the encryption market, with hopes for a full recovery in the future.
This article Non-fungible Token transaction weekly big pump 86% surged to 173 million pounds, #PUNK3493 reborn on Solana first appeared in Chain News ABMedia.
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Non-fungible Token trading saw a big pump of 86% in a single week, surging to 173 million MOP, #PUNK3493 reborn on Solana
Many people previously said that the NFT market was dead, but the crypto market boom driven by Trump's victory may have quietly heated up the NFT market. Last week, sales surged to $173 million, an increase of 94% compared to the previous week. The transaction volume of NFTs on Ethereum and BitCoin chains has grown the most, driving the overall NFT market frenzy, and even leading to the revival of NFT projects.
Ether Square and BTC lead the Non-fungible Token market, with a weekly sales volume of $173 million
Data shows that from 11/11 to 11/17, the non-fungible token market achieved a sales volume of $173 million in the past week, an increase of nearly 86% from last week's $93 million. Ethereum's non-fungible token sales currently reach $68 million, with a weekly increase of 111% and ranks first.
Source: CryptoSlam shows that the sales volume reached 173 million last week.
And the on-chain NFT sales of BTCon-chain are close behind, reaching $62 million, a growth of 115% compared to the previous week, becoming an important driving force in the current NFT market frenzy that cannot be ignored. In addition, the total NFT sales of platforms such as Solana, Mythos Chain, Immutable, Polygon, and BNB Chain reached $49 million, which is also a remarkable performance.
Non-fungible Token on-chain sales ranking Non-fungible Token weekly average transaction volume grew significantly by 87%, with monthly sales reaching $356 million
In addition to the significant increase in sales, the average transaction price of Non-fungible Tokens has also significantly increased. Last week, the average price of each Non-fungible Token transaction was $133.08, an 87% increase from the previous week's $71.11.
Last week, the average price of Non-fungible Tokens reached 130.68, breaking the trend of low prices in previous weeks
The current craze in the Non-fungible Token market is also reflected in the monthly data. The total sales of Non-fungible Tokens in October reached 356 million U.S. dollars, a rise of 18% from September's 300 million U.S. dollars, successfully ending a seven-month decline. At the same time, the Non-fungible Token volume in October also reached 7.2 million transactions, a rise of 42% compared to September.
In October, the total sales volume of Non-fungible Tokens reached $356 million, breaking the previous months' sluggish trend. The CryptoPunks zombie Non-fungible Tokens that were previously burned have been revived on Solana.
CryptoPunks series of Non-fungible Tokens from Ethereum, created by Matt Hall and John Watkinson of Larva Labs in 2017. It includes 10,000 unique 24x24 pixel characters, each of which is randomly generated through algorithms. Most of them are human-like, but there are also some special types, such as zombies (88), apes (24), and aliens (9).
One of the zombies in the recent Zombie series (#PUNK3493) was previously destroyed in 2019 and has now been resurrected on Solana on-chain. It is listed on the tokenization issuance platform vvaifu.fun of the DAO venture ai16z and AI Agent in the meme coin market. The market capitalization once surged to $25 million.
Source: DEX SCREENER Trump's election victory has a direct impact on the Non-fungible Token market, and a breakthrough in the doldrums is expected to make a full recovery.
While many people thought that the Non-fungible Token market was dead, many NFT projects have not given up hope and are trying to find a way out in this low ebb. For example, blue-chip NFT Doodles collaborated with McDonald's to launch 100 million limited edition McCafé x Doodles Holiday McCafe cups on 11/18, and participants have the chance to win metaverse outfits and music animation content on the McDonald’s app. Non-fungible Token Doodles surged by nearly 30% after the event launch.
As for Magic Eden, which is regarded as the biggest threat to OpenSea, it has announced that it will support Cross-Chain Interaction transactions with ten exchanges by the end of this year, and transactions including Non-fungible Tokens, runes, Ordinals, Solana, etc. can be conducted on Magic Eden.
With Trump's election driving the encryption market frenzy, BTC also reached 93K at one point, breaking the previous slump in the Non-fungible Token market. Recent developments not only show a significant rise in Non-fungible Token sales and volume, but also reflect the return of confidence among Non-fungible Token enthusiasts and the encryption market, with hopes for a full recovery in the future.
This article Non-fungible Token transaction weekly big pump 86% surged to 173 million pounds, #PUNK3493 reborn on Solana first appeared in Chain News ABMedia.