According to NFT data tracker CryptoSalm report, the digital collectible market recorded a sales volume of 181 million over the last seven days. This is an increase of 94 over the week before when the entire market only had a sales volume of 93 million.
The development coincided with the rally in the broader crypto market following Donald Trump's landslide victory over Kamala Harris to become the 47th President of the United States. As per CoinMarketCap data, the market cap of the entire sector peaked at 3.04 trillion, while Bitcoin, the apex cryptocurrency, is sitting comfortably at the 90,000 level after pairing multiple all-time highs in a two-week period.
Ethereum led the chart with total weekly NFT sales of 67 million, a 111 increase from the previous week. In second place is the Bitcoin network with 60 million, followed by Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, with a combined weekly sales volume of 45 million.
In addition to the increase in sales, the digital collectible market saw the average value of a transaction grow substantially last week, from 71.11 to 133.08. This is an 87 jump from the week prior, underscoring the market's steady recovery after breaking a seven-month downturn in October.
