NFT sales plummeted 15.72% to $64.95 million from $77.1 million last week, according to CryptoSlam data.
summary
- While Bitcoin recovered to $90,000 and ETH held steady at $3,000, NFTs continued to underperform.
- NFT sales plummeted 16% to $64.95 million as buyer and seller participation collapsed.
- NFT buyers decreased by 68% and sellers decreased by 71%.
Market participants plummeted, with the number of NFT buyers plummeting by 68.41% to 154,955 and the number of sellers plummeting by 71.48% to 115,051. NFT transactions decreased by 13.25% to 940,713 transactions.
At the same time, Bitcoin (BTC) price has recovered to the $90,000 level following recent volatility. Ethereum (ETH) remains stable at the $3,000 level and above this important threshold.
The global cryptocurrency market capitalization now stands at $3.07 trillion, up from $3.05 trillion last week. However, the NFT sector has experienced a sharp downturn due to the collapse of market participants.
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DMarket maintains its lead as major collections decline
DMarket on the Mythos blockchain remained in first place with $4.5 million in revenue, down 40.45% from last week’s $6.73 million. This collection processed 118,034 transactions with 10,282 buyers and 8,792 sellers.
Ethereum’s Algebraic Position NFT-V2 remained in second place with $2.39 million, a 49.36% plunge from last week’s $4.47 million. This collection had 305 transactions with 55 buyers and 144 sellers.
Courtyard on Polygon secured third place with $2.18 million, down 36.18% from the previous week’s $3.42 million. This collection processed 41,269 transactions.
Source: Top collection by NFT sales volume (CryptoSlam)
BNB’s YES BOND was the most resilient in fourth place at $2.04 million, down just 3.02% from last week’s $2.09 million. There were 1,907 transactions in this collection.
Immutable-Zk’s Guild of Guardians Heroes dropped to fifth place with $1.78 million, a 67.62% drop from last week’s $5.46 million. 1,675 transactions were recorded in the collection.
CryptoPunks took 6th place with $1.77 million, down 13.87% from last week’s $2.06 million. Ethereum Collection had 18 transactions with 16 buyers and 15 sellers.
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Solana soars as Ethereum and immutables decline
Ethereum remained in first place with sales of $23.93 million, a decrease of 10.88% from last week’s $27.3 million.
The network recorded $4.43 million in wash trades, for a total of $28.36 million. The number of buyers decreased by 70.47% to 12,141.
BNB Chain (BNB) rose to second place with $9.44 million, up 21.18% from $7.73 million in the previous week.
Blockchain recorded $118,899 in wash transactions, with buyers down 76.66% to 14,599.
Bitcoin remained in third place with $6.1 million, down 21.20% from last week’s $7.19 million. The network had 3,552 buyers, a decrease of 79.51%.
Source: Blockchain by NFT sales volume (CryptoSlam)
Solana (SOL) secured 4th place with $5.54 million, up 44.54% from last week’s $4.03 million.
Blockchain recorded $5.36 million in wash transactions, bringing the total amount to $10.9 million. Despite the increase in sales, the number of buyers decreased by 80.07% to 14,891.
Mythos Chain fell to fifth place with $4.64 million, down 39.26% from last week’s $6.88 million. Blockchain attracted 13,721 buyers, a decrease of 73.74%.
Immutable (IMX) fell to 6th place with $3.15 million, down 63.32% from last week’s $8.51 million. Blockchain buyers were 1,845, a decrease of 74.95%.
Polygon (POL) ranked 7th with $3.12 million, down 29.38% from last week’s $4.38 million. Blockchain recorded $5.99 million in wash transactions, with buyers down 70.74% to 27,758.
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Bitcoin BRC-20 NFT retains top spot
The $X@AI BRC-20 NFT remained the top individual seller with $809,337.16 (8.7195 BTC) sold 9 days ago.
Four CryptoPunks round out the top five.
- CryptoPunks #6615 was sold 9 days ago for $153,356.75 (47.99 ETH)
- CryptoPunks #309 was sold 9 days ago for $134,530.52 (42 ETH)
- CryptoPunks #4566 was sold 4 days ago for $123,808.45 (39.9 ETH)
- CryptoPunks #4172 was sold 3 days ago for $111,232.08 (33 ETH)