
As Bitcoin struggles with resistance around the $100,000 level, the NFT market has seen a 1.6% decline, with total sales volume currently at $146.5 million.
At present, Bitcoin (BTC) is trading at $96,800, while Ethereum (ETH) has demonstrated resilience with a 3.5% increase over the last 24 hours, regaining the $3,700 mark. The global cryptocurrency market cap has risen to $3.42 trillion, up from $3.35 trillion last week, marking a 2.5% growth in just one day.
Recent data from CryptoSlam indicates that while total sales have decreased, various blockchain networks are indicating signs of recovery:
- NFT (non-fungible token) sales volume is down from last week’s $160.9 million.
- NFT buyers have increased to 574,853, reflecting a growth of 27.57%.
- NFT sellers have risen to 342,382, demonstrating a surge of 23.21%.
- NFT transactions have decreased by 11.22%, totaling 1,424,770.
Ethereum and Bitcoin indicate improvement
The Ethereum NFT blockchain has shown strong performance with sales of $51.3 million, marking a 2.87% increase.
The network recorded 49,462 buyers, representing a healthy growth of 17.33%. Interestingly, wash trading on Ethereum rose by 16.02% to $9.1 million, indicating heightened market activity.

Bitcoin’s NFT ecosystem has retained its robust momentum, achieving a sales volume of $48.2 million, a 6.58% rise. The network also saw an increase in buyer participation, with 54,903 active buyers, reflecting a 28.89% growth.
Solana (SOL) remains in third place but faced a significant decline of 37.86%, with sales dropping to $15.7 million. Despite this, the network shows strong user engagement with 230,954 buyers.
Mythos Chain holds the fourth position with $10.6 million in sales, a minor decline of 1.66%. Meanwhile, ImmutableX (IMX) finished fifth with $7.1 million in sales, marking a notable increase of 14.22%.
BRC-20 and emerging collections lead in sales
BRC-20 NFTs continue to dominate the market with $15 million in sales despite a 10.69% decline. Uncategorized Ordinals have secured second place with $10.3 million in sales, experiencing an 81.86% surge over the past week.
The Bored Ape Yacht Club has re-entered the rankings, taking third place with $7.7 million in sales, exhibiting a robust 60.30% increase.
CryptoPunks follows closely with $7.7 million in sales, despite a 14.56% decline.

Recent data highlights several significant individual NFT sales:
- Uncategorized Ordinals #cb0 sold for $6,069,273 (63.4315 BTC)
- Uncategorized Ordinals #486 sold for $3,583,816 (38.8087 BTC)
- Bored Ape Chemistry Club #0 sold for $199,156 (59.84 ETH)
- CryptoPunks #9663 sold for $197,113 (55 ETH)
- Axie Infinity #115792089237 sold for $178,651 (52 ETH)
NFTs are evolving continuously
In 2024, NFTs are broadening their utility via integration with gaming and DeFi, facilitating in-game assets and functioning as collateral on decentralized finance platforms.
Corporations are leveraging NFTs for promotional efforts, loyalty schemes, and revenue streams, while hybrid and real-world asset tokenization bridges the divide between physical and digital realms.
Interoperability across platforms is enhancing, allowing NFTs to operate seamlessly across multiple ecosystems. Sustainability initiatives are addressing environmental challenges, with eco-friendly blockchain solutions gaining popularity.
Moreover, AI-enhanced NFTs are on the rise, fostering personalized and interactive experiences that demonstrate the progression of NFTs beyond simple digital collectibles.
It’s essential to note that the recent increase in NFT sales appears largely driven by excitement. Whether this trend will result in sustained growth or prove to be a fleeting spike remains to be seen.