Despite a minor downturn in the broader crypto market, the NFT sector is thriving, with sales volume surging 17.16% to reach $130.7 million.
Market data indicates a robust rebound in participation, as the number of NFT buyers skyrocketed by 138.96%, totaling 259,264. Likewise, NFT sellers increased by 98.69% to 137,347, although the total number of NFT transactions experienced a slight decrease of 1.14%, now at 1,498,668.
Current figures show Bitcoin (BTC) has dipped to the $103,000 mark from a peak of $105,000, while Ethereum (ETH) has recovered by 7% over the past week, stabilizing around $2,500. The global cryptocurrency market capitalization stands at $3.29 trillion, a decrease from last week’s $3.33 trillion.
Ethereum Sales Surge by 21%
Ethereum remains the leading blockchain for NFT transactions, reporting $41.3 million in sales—a notable increase of 21.47% from the previous week. Interestingly, wash trading on Ethereum has decreased by 14.85%, totaling $4.5 million.
Bitcoin has gained significant traction, taking second place with sales of $22.6 million and experiencing a remarkable 53.53% growth. Polygon (POL) has slipped to third place with $14.5 million, down 22.85%, although it reported a massive 49,260.97% increase in wash trading, reaching $1.3 million.
Mythos Chain holds the fourth position with $13.3 million in sales but is down 19.62%. Solana (SOL) rounds out the top five with $8.9 million, bouncing back with a 17.31% increase.
Buyer engagement has surged across all blockchains, with Bitcoin witnessing a staggering 275.4% growth, followed by Solana at 237.33% and Polygon at 233.6%.
In the collection rankings, Courtyard on Polygon remains at the forefront despite a 31.02% drop to $11.7 million in sales, reflecting declines in transactions (29.87%), buyers (17.67%), and sellers (39.82%).
DMarket continues in second place with $8.2 million but has fallen by 28.01%. Bitcoin’s BRC-20 NFTs have climbed to third place with $7.1 million, showing an impressive 107.81% increase.
CryptoPunks has risen to the fourth spot with $7 million in sales, doubling with 97.09% growth. This collection has experienced increases in transactions (52.94%), buyers (45.83%), and sellers (62.5%).
A newcomer, XSY Deposit on Avalanche (AVAX), enters the rankings in fifth place with $6.8 million, reflecting a staggering growth of 469.59%.
Highlighting notable high-value sales from this week:
- Known Origin #30101 sold for 410,532.5625 USDC ($410,532)
- CryptoPunks #3281 sold for 148 ETH ($384,286)
- CryptoPunks #1507 sold for 80 ETH ($204,711)
- CryptoPunks #9460 sold for 81 ETH ($202,324)
- Mutant Ape Yacht Club #30001 sold for 194,815.0469 USDC ($194,815)
