The global non-fungible token market has returned to positive growth after over three months of brutal meltdown, which left trading sales volume down over 48% in September and the lowest volume since 2021. Today, the NFT market has surged over 440% to $72 million in trading sales volume after a rare punk sold for more than $56 million just a few hours ago.
Daily NFT Trading Sales Volume Jumps +440%
Data compiled by CryptoSlam.io , an on-chain crypto market data aggregator and a non-fungible token explorer backed by crypto entrepreneur billionaire Mark Cuban, indicates that the non-fungible token market has skyrocketed in trading sales volume, breaking limitations that have been holding NFT sales below $15 million. Today, the NFT market has amassed a sales volume of $72 million, up 440% from the past day.
During this period, non-fungible token collections hosted on Ethereum, a blockchain network renowned for powering most blue-chip non-fungible token collections, are today’s most-selling NFT collections. In the past 24 hours, the Ethereum-based NFT collections have amassed a trading sales volume of $60 million, distantly outpacing other NFT blockchain networks such as Solana and Bitcoin.
Mythos Chain, a permissioned EVM chain designed to ensure secure and efficient transactions across the entire ecosystem, high scalability, low transaction fees, and seamless interoperability between games and marketplaces, is today’s second-most traded blockchain network on the NFT market. In the past 24 hours, Mythos Chain-based NFT has recorded a trading sales volume of $3.7 million, outperforming Solana, Bitcoin, and Polygon.
Punks #1563 Sells For +$56 Million
Crypto market data confirms that Punks #1563 sold for over $56 million thirteen hours ago, showcasing that crypto investors are still willing to invest millions of dollars in this burgeoning NFT market. Punks #1563 is part of the iconic 10,000 CryptoPunks NFT collection previously created by Larva Labs but now managed by the Bored Ape NFT creator Yuga Labs.
Over the past few months, CryptoPunks have seen increased sales volume, with some of its rare tiers trading for millions of dollars. Some of the punks that have recently sold for jay-breaking sums include Punk#6915, which sold for over $1.4 million last month before reselling for over $1.5 million hours last week, Punk #9368, which sold for $1.2 million last week, and Punk 2383, which also sold for over $1.5 million last month.
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