Despite the overall Crypto market reaching new heights, the NFT market fell slightly, down 0.05%, with sales volume dropping by $129.8 million.
Bitcoin (BTC) has skyrocketed to the $108,000 level after hitting its new ATH of $111,000. At the same time, Ethereum (ETH) has recovered slightly to a level of $2,700 over the past seven days, and is currently dropping to a level of $2,500. Global crypto market capitalization went from $3.29 trillion last week to $3.42 trillion.
Market participation is increasing, according to data from Cryptoslam. NFT buyers rose 61.18% to 443,548, while NFT sellers rose 31.87% to 199,129. NFT transactions also increased by 15.39% to 1,697,343.
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Ethereum leads NFT sales at $29.6 million
Ethereum maintains its dominant position with sales of $29.6 million. However, it has fallen 26.22% from the previous week, with the laundering transaction down 57.18% to $2 million.
Avalanche (Avax) has set a dramatic entrance to second place with $22.3 million sales, seeing a surge of 202.92%.
Source: Blockchain based on NFT sales volume (Cryptoslam)
Polygon (Pol) holds its third position at $21.3 million, showing strong growth of 45.98%. Bitcoin fell to fourth place with $18.2 million. This is a 21.85% decrease from last week.
The Mythos chain will round out the top five at $13.9 million. Immutable (IMX) appears at $6.6 million, while Solana (Sol) ranks seventh at $6.4 million and seventh with a 26.36% drop.
The number of buyers is growing on most blockchains, with avalanches leading by a growth rate of 79.08%. This is followed by 72.98% Bitcoin and 71.09% Solana.
A major change occurred in the collection rankings, with the Avalanche XSY deposit top spot with sales of $22.1 million. However, this collection appears to be dominated by a single buyer and seller.
Polygon courtyard moved to second place at $14.4 million, rebounding with a growth of 23.23%. DMARKET remains third, up 7.07%, at $8.8 million.
Bitcoin’s BRC-20 NFT ranked fourth at $6 million, down 15.78%. Guild of Guardian Heroes holds fifth at $5.9 million.
Cryptopunks ranked fourth, with sales down 30.94%, at $4.8 million. This collection has declined for all metrics including transactions (42.31%), buyers (37.84%) and sellers (45.24%).
Read on to last week’s NFT performance here. Here are some notable high value sales this week:
- Cryptopunks #3609 is for sale at 440 ETH ($1,089,338)
- Cryptopunks #2537 is for sale for 80 ETH ($197,242)
- Cryptopunks #2542 is for sale at 59 ETH ($155,440)
- Cryptopunks #6479 is for sale at 58.4 ETH ($149,478)
- Cryptopunks #7161 is for sale at 53.69 ETH ($142,816)
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