Impossible tokens, or NFTs, have come to life alongside Crypto’s bull run, with sales surges and participation surges, with $1 million JPEG reopening chats.
Weekly NFT sales rose 29% to $159.6 million as Ethereum (ETH) and Bitcoin (BTC) rose to new heights and boosted both investor trust and trading volume. Ethereum remains the top chain of NFT activities, but Bitcoin is not too late. This is ignited by 3,000% ordinal spikes.
As whales return and the floors heat up across the ecosystem, collections such as Pudgy Penguins and Cryptopunks lead the charge. With buyers and sellers almost doubled, the NFT market could still be staged the biggest comeback. Read more detailed look.
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Ethereum rankings remain the same
Market participation increased by 89.32% for NFT buyers to 176,807, and NFT sellers increased by 86.08% to 112,430. NFT transactions also increased by 20.61% to 1,627,841.
Ethereum has maintained its dominant position with sales of $79.7 million, surged 61.83% from the previous week. Ethereum’s wash trading rose 134.47% to $11.8 million.
Bitcoin ranked second at $24.8 million, jumping 60.58%. Polygon (POL) remains third at $16.8 million, down 9.44%. Blockchain wash transactions rose 80.84% to $175,171.
Source: Blockchain based on NFT sales volume (Cryptoslam)
Mythos Chain ranked fourth at $11.1 million, down 20.71%. The BNB chain (BNB) took fifth place at $7.2 million, down 8.25%.
Immutable (IMX) rose to sixth place at $6.5 million, up 2.82%. Solana (Sol) closed the top seven at $6.4 million, up 12.75%.
The number of buyers increased significantly across all blockchains, with Bitcoin leading with a growth of 137.56% followed by polygon at 104.21% and mitos chain at 104.01%.
Pudgy Penguins sales jump nearly 250%
Polygon courtyards have fallen 13.07%, but retain the top spot in the collection rankings with sales of $14.1 million. The collection is growing in both buyers (445.76%) and sellers (1,135.16%).
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Pudgy Penguins surged to second place at $9.3 million, up 247.32%. The collection has more than doubled transactions (115.31%) and saw significant growth in buyers (45%) and sellers (51.72%).
Bitcoin’s uncategorized ordinance rose to third place at $8.6 million, recording a growth of 3,095.72%. This collection benefits from Bitcoin’s powerful performance.
DMARKET ranked fourth at $6 million, down 32.25%. F(x)WSTETH’s position is held fifth at $5.9 million, down 62.27%.
Bitcoin’s BRC-20 NFT ranked sixth, up 33.41%, $5.8 million. Cryptopunks entered the top seven with $4.8 million, with a surge of 118.16%.
Here are some notable high value sales this week:
- 68.9989 Uncategorized ordinances for sale at BTC ($8,193,864)
- v1 cryptotopunkks wrap #5822 is for sale for 200 ETH ($725,130)
- Autoglyphs #157 for sale at 380,000 USDC ($380,000)
- Autoglyphs #480 is available for sale at 75 Weth ($252,448)
- Pudgy Penguins #4039 is for sale for 65 ETH ($201,661)
On Saturday’s final check, Bitcoin prices floated just below the $118,000 level, retreated after hitting a new all-time high of $123,000. Meanwhile, Ethereum has seen a 21% surge in the past seven days, reaching $3,581.
Global crypto market capitalization is currently at $3.93 trillion, up from $3.68 trillion last week.
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