Blockchain digital collection platform weekly sales show an upward trend
Weekly sales data for non-fungible tokens (NFTs) on some of the top blockchains have turned positive after a series of declines in 2024. According to data from NFT tracker CryptoSlam, on August 26, sales of digital collectibles based on the five major NFT blockchains had a good week.
Ethereum, Solana, Polygon and Mythos Chain all saw an increase in sales, with Polygon leading the way with a seven-day sales increase of 123.20%. In comparison, Ethereum and Solana increased by 32.79% and 12.13%, respectively.
However, among the five major NFT blockchains, only the Bitcoin blockchain showed a slight downward trend, with a seven-day sales decrease of 7.01%.
In addition to the increase in weekly sales, the number of NFT buyers also increased last week. Data from CryptoSlam shows that there were more than 500,000 NFT buyers in the past seven days, a month-on-month increase of 37.97%. Among them, Solana ranked first with 220,304 buyers, Polygon ranked second with 89,498 buyers, and the Ethereum network had 44,188 buyers.
Although NFTs show some vitality, this small weekly sales growth cannot offset the fact that the digital collectibles market as a whole is on a downward trend. NFT sales fell 45% in the second quarter of 2024, hitting the lowest level since the third quarter of 2023. This downward momentum is related to the key factor of Bitcoin's poor outlook. In July, NFT monthly sales hit a new low since November 2023. However, despite the decline in sales, the transaction volume of blockchain-based digital collectibles has increased by 73%. In the past 30 days, CryptoSlam data shows that NFT sales have fallen by 40.91%.
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