The NFT market has experienced a strong rally,

According to data from CryptoSlam, this marks the biggest weekly gain in recent months for the sector.

The spike coincides with Bitcoin’s btc0.66%Bitcoin recent climb to the $105,000 mark. Ethereum eth-0.11%Ethereum also had a slight 2.5% increase during the previous seven days. Last week, the total global cryptocurrency market cap increased from $3.28 trillion to $3.29 trillion.

Market participation has surged greatly with NFT buyers increasing by 50.56% to 1,061,348, and NFT sellers rising by 8.09% to 38,494. NFT transactions have also grown by 7.88% to 1,749,437.