NFT sales fell 4.97% to $72.53 million from $79.31 million last week, according to CryptoSlam data.
summary
- NFT sales decreased by 4.97% to $72.53 million, but the number of buyers increased by 77% to more than 293,000 people.
- The number of sellers increased by 106% to 284,166 as total NFT transactions decreased by 12.67%.
- The crypto market downturn hit NFTs as Bitcoin fell to $84,000 and ETH lost $2,800.
Market participants surged, with the number of NFT buyers increasing by 77.11% to 293,459 people and the number of sellers increasing by 106.26% to 284,166 people. NFT transactions decreased by 12.67% to 940,416 transactions.
This decline in NFT market performance comes as the price of cryptocurrencies has fallen. Bitcoin (BTC) price crashed to the $84,000 level as the market reversed course.
Ethereum (ETH) lost its $2,800 level and widened its decline. The global cryptocurrency market capitalization plummeted from $3.26 trillion last week to $2.87 trillion.
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Boring Ape Yacht Club recovers as Algebra declines
Algebra Positions NFT-V2 on Ethereum remained in first place with sales of $7.26 million, down 7.09% from last week’s $7.81 million. This collection processed 511 transactions with 135 buyers and 106 sellers.
Mythos Blockchain’s DMarket remained in second place with $6.67 million, down 0.09% from last week’s $6.67 million, and was almost flat. This collection recorded 197,923 transactions with 15,185 buyers and 13,188 sellers.
Courtyard on Polygon jumped to third place with $2.97 million, an increase of 32.58% from last week’s $2.24 million. This collection processed 47,241 transactions with 12,558 buyers and 1,276 sellers.
Source: Top collection by NFT sales volume (CryptoSlam)
The Pudsey Penguins moved into fourth place with $2.76 million, an increase of 2.26% from the previous week’s $2.79 million. Ethereum Collection saw 179 transactions with 113 buyers and 95 sellers.
CryptoPunks secured fifth place with $2.32 million, an increase of 12.57% from last week’s $1.95 million. This collection had 23 transactions with 17 buyers and 19 sellers.
Bored Ape Yacht Club surged 37.35% week over week, making a huge comeback to #6 with $1.98 million. The Ethereum collection recorded 99 transactions with 60 buyers and 62 sellers.
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Ethereum falls as BNB chain buyers surge
Ethereum remained in first place with sales of $31.08 million, down 6.02% from last week’s $33.71 million.
The network recorded $2.22 million in wash trades, bringing the total to $33.3 million. The number of buyers increased by 7.86% to 24,217 people.
BNB Chain (BNB) remained in second place with $9.22 million, an increase of 6.24% from the previous week’s $8.66 million. Blockchain recorded $19,490 in wash transactions, bringing the total amount to $9.24 million. The number of buyers rapidly increased by 160.17% to 25,034 people.
Source: Blockchain by NFT sales volume (CryptoSlam)
Bitcoin fell to third place at $7.03 million, down 7.78% from last week’s $8.18 million. The network had 9,600 buyers, an increase of 85.61%.
Mythos Chain took fourth place with $6.81 million, up 0.23% from last week’s $6.84 million. Blockchain attracted 30,134 buyers, an increase of 79.00%.
Polygon (POL) secured 5th place with $4.02 million, an increase of 21.83% from last week’s $3.26 million.
Blockchain recorded $7.51 million in wash transactions, bringing the total amount to $11.54 million. The number of buyers rapidly increased by 175.17% to 59,885 people.
Immutable (IMX) took 6th place with $3.2 million, down 24.29% from last week’s $4.19 million. There were 4,237 blockchain buyers, an increase of 135.52%.
Solana (SOL) ranked 7th with $3.15 million, a 41.02% plunge from last week’s $5.5 million. The network recorded an increase of 114.33% to 28,110 buyers.
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CryptoPunks once again dominate top sales
CryptoPunks topped all five individual sales.
- CryptoPunks #9816 led at 174,826.39 (58 ETH) and was sold 4 days ago.
- CryptoPunks #3661 came in second place with $148,102.05 (47 ETH) sold 6 days ago.
- CryptoPunks #8739 was sold 5 days ago for $122,164.40 (39.99 ETH).
- CryptoPunks #4241 was sold 7 days ago for $112,516.20 (35.49 ETH).
- CryptoPunks #5666 completed the top 5 at $110,789.94 (34.5 ETH) sold 6 days ago.