The broader NFT ecosystem is in the process of bouncing back, as sales volume for NFTs has risen 10.69% over the last week to $115 million. Ethereum continues to lead the pack, with a major resurgence in sales and an impressive overall market rebound. Besides Ethereum, other blockchains such as DMarket, Polygon, Mythos Chain and Solana are packing positive catalysts that are helping push the overall market trend up.
Ethereum’s revenues have increased by a whopping 54.17% over the last week, bringing in $37.5 million. The sharp increase comes as Ethereum is beginning to rebound 3.5% over the past day, with the smart contract platform climbing above the key $2,400 price level. In tandem with this growth, Ethereum’s wash trading has grown by 50.24%, surpassing $4.9 million.
Polygon has been a strong player for NFT sales, sitting at second overall with $19.1 million in sales. Even though Polygon experienced a small drop of 8.08% in sales from this month, Polygon’s collection has been trending positively in other categories. Account transactions jumped a whopping 18.52%. At the same time, the pool of potential buyers exploded by 83.33%, and other sellers up by 15.79%.
Mythos Chain takes 3rd with $15.6 million in sales. Bitcoin is right behind in fourth with $14 million, a 4.65% week-over-week rise. Bitcoin’s price has rebounded to the $103,000 range. The collection’s seller count has decreased by 42.18%.
DMarket is in 2nd place with $10.5 million, 4.59% increase. Solana completes the top five with $7.9 million. Solana right behind this at 86.51% and Mythos Chain at 76.68%. Unlike other collections, all three metrics have significantly increased. Transactions have skyrocketed 769.68%, buyers increased 618%, and sellers 469.57%.
