Daily sales of non-fungible tokens have increased sharply over the past month as the broader crypto market entered a bullish phase.
According to data provided by CryptoSlam, NFT sales increased by 28% in the past 24 hours to $40.4 million. This is the highest level of trading volume in the sector in more than seven months, and was last recorded in late April.
According to CryptoSlam data, Ethereum (ETH) topped the list in daily sales with $26.4 million, followed by Bitcoin (BTC) and Solana (SOL) with $6.3 million and $2.5 million in trading volume. .
NFT sales | Source: Cryptoslam
The total number of NFT buyers also increased by 7% to 41,000, while the number of sellers remained near 30,000 addresses.
Despite the 4% drop, popular digital collectibles CryptoPunks led the way with daily sales of $5.6 million. Bored Ape Yacht Club collectibles saw a 15% increase in 24-hour sales to $3.2 million.
According to data from CoinGecko, the minimum prices for the top three NFT collections by market capitalization, CryptoPunks, BAYC, and Pudgy Penguins, rose to $162,000, $85,900, and $54,500, respectively.
The market capitalization of CryptoPunks exceeded $1.6 billion, and the price of Ethereum fell 0.4% to $3,680, according to data from the price aggregation site.
Cardano (ADA) recorded the most expensive NFT sale of the day. A Cardano-based 8-bit Zombie #0388 collector's item sold for more than $388,000 late Sunday.
In the past 24 hours, total sales on the Cardano network reached $594,000 with 266 buyers and 28 sellers.
Last week, total NFT sales reached $146.5 million, crypto.news reported on Sunday.
The surge in NFT sales comes as the cryptocurrency market recorded an impressive rally following the US election and Donald Trump's victory over Kamala Harris. The global cryptocurrency market capitalization reached an all-time high of $3.628 trillion earlier today, according to data from CoinGecko.
