Umair
Despite the overall market’s decline, the non-fungible token (NFT) market is showing resilience, with sales volume increasing by 4.5% to $102.8 million.
Bitcoin’s price has dropped below $83,000 in the last seven days. At the same time, Ethereum is hovering at the $1,800 level. The global crypto market cap is now $2.71 trillion, down from last week’s $2.77 trillion.
According to data from CryptoSlam, last week’s NFT sales volume stood at $100.9 million. This week’s figure represents a mild recovery for the sector.
NFT buyers have increased dramatically by 28.9% to 451,436, while NFT sellers have grown by 26.5% to 285,272. However, NFT transactions have decreased by 2.8% to 1,614,680.
Ethereum maintains dominant position
The Ethereum (ETH) blockchain maintains its dominant position with $32 million in sales, up 19.4% from last week.
Polygon (POL) has secured the second position with $18.1 million in sales volume with a strong 33.1% increase. This pushes Solana (SOL) down in the rankings, as Solana’s sales have dropped by 4.4% to $8.7 million.
Mythos Chain ranks third with $13.7 million in sales, despite experiencing a 12.8% decrease from the previous week. Bitcoin (BTC) follows in fourth place with $10.1 million, with a 40.7% drop in NFT sales volume.
Ethereum continues to account for the majority of wash trading at $2.6 million, though this figure has decreased by 9.9% from the previous week.
In terms of collections, Courtyard on Polygon has taken the top spot with $15.7 million in sales and a 33.1% increase. DMarket has moved to second place with $8.5 million, down 18.3% from last week.
CryptoPunks has seen the most notable growth, with sales surging by 141.4% to $6.3 million. This collection’s success is further highlighted by the top individual NFT sale of the week – CryptoPunks #2967 sold for 420 ETH ($843,070).
Guild of Guardians Heroes ranks fourth with $5.5 million in sales, which is a slight decrease of 1.8%. Bitcoin’s BRC-20 NFTs round out the top five with $2.7 million in sales, down 19% from the previous week.
Other notable high-value sales in the last seven days include:
- CryptoPunks #6935 sold for 135 ETH ($271,890)
- CryptoPunks #3007 sold for 120 ETH ($239,342)
- CryptoPunks #2301 sold for 115 ETH ($234,959)
- Autoglyphs #364 sold for 105 ETH ($210,172)
