Bitcoin leads NFT sales with $160.37 million, marking a 80.45% surge, while Ethereum trails with $159.64 million. Solana, BNB Chain, and Mythos Chain also witness significant growth in NFT transactions. Top-grossing collections include Bitcoin’s Uncategorized Ordinals and NodeMonkes. Individual transactions hit high figures across various blockchains.

The latest data indicates a remarkable surge in non-fungible token (NFT) sales on the Bitcoin (BTC) network over the past week, totaling an impressive $423,004,860 in transactions.

This surge reflects a notable increase of over 32% compared to the previous week, marking the third consecutive week of robust growth in the NFT market.

According to statistics compiled by Cryptoslam.io, Bitcoin has emerged as the dominant player in NFT transactions, recording $160.37 million in sales, representing a significant surge of 80.45%.

Ethereum (ETH) closely follows, with $159.64 million in transactions, marking a respectable increase of 14.41% in ETH-based NFT sales.

Other prominent blockchains, including Solana (SOL), BNB Chain (BNB), and Mythos Chain (MYTH), have also witnessed substantial growth in NFT sales during this period.

Notably, Solana recorded approximately $65.129 million in weekly sales, while BNB Chain and Mythos ended the seven days with $9.019 million and $7.7 million in sales, respectively.

Bitcoin also saw the highest increase in wash trading, with $465k made through this practice, representing a staggering nearly 2600% increase from the previous week.

Leading the week's top-grossing NFT collections is Bitcoin's Uncategorized Ordinals, generating an impressive $41,210,717 in sales, marking a substantial 157.74% increase from the previous week.

Following closely is the NodeMonkes collection, which achieved $35,128,917 in transactions. These leading collections were followed by Pandora, Creepz, and $NATCATS, rounding out the top five NFT collections by sales volume.

The surge in NFT sales has also witnessed notable individual transactions across various blockchains. On the Bitcoin blockchain, the NFT "Burgie" fetched an astonishing $1.44 million, while a Solana-based NFT titled "Composable Restaking Position" changed hands for $1.1 million.

Ethereum's "Lif3 v3 Position" NFT commanded $597,800, and a BNB Chain "Lockdeal" NFT was acquired for $416,504. Additionally, a Polygon "Dfyn" NFT was sold for $100,000, reflecting the diversity and value of NFTs across different platforms.

Over the past week, there has been an increase in the number of NFT buyers, with Cryptoslam's data showing a 40.5% increase, juxtaposed with a 2.47% drop in the total number of NFT transactions during the period.

However, despite this surge in NFT sales, popular marketplace Opensea experienced a significant downturn in February.

Data from the analytics platform Dune reveals a substantial decrease in sales on OpenSea, accounting for only 33% of the total NFT sales in February, the lowest figure since May last year. Active users on the platform also declined, with only 103,000 users making at least one sale in February.