The NFT market fell sharply, with sales falling 18.43% to $116.9 million.
According to Cryptoslam data, this represents a reversal from last week’s strong performance.
The price of Bitcoin (BTC) has dropped to $103,000. At the same time, Ethereum (ETH) has declined by 4% over the past seven days. Global crypto market capitalization went from $3.29 trillion last week to $3.21 trillion.
Despite the decline in sales, market participation indicators show mixed results. NFT buyers remain flat at 1,061,348 (with a 50.56% growth maintained), while NFT sellers increased by 8.09% to 38,494. NFT transactions fell by 0.63% to 1,709,086.
The immutable holds its top position
Immutable (IMX) holds its best position, but sales were $28.3 million, down 32.23% from the previous week. Blockchain wash trading has almost disappeared, dropping by 81.19% to just $3.
Polygon (Pol) surged to second place with $23.3 million sales, up 24.98%, surpassing Ethereum. Ethereum fell to third place at $20 million, down 32.06%. Ethereum’s wash trade also fell 18.29% to $1.8 million.
Source: Blockchain based on NFT sales volume (Cryptoslam)
Mythos Chain remains in its fourth position at $14.1 million and remains essentially flat with a mere 0.03% decline. Solana (Sol) rose to fifth place at $8.7 million, jumping to 42.74%.
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Buyers are growing on most blockchains, with polygon growing at 35.63%, followed by Solana at 27.41% and Mythos Chain at 19.32%.
In the collection’s rankings, Polygon Courtyard recovered its top position with sales of $107.4 million, showing a minimum growth of 0.56%. This collection has experienced a huge growth in sellers, which has increased by 1,264.81%.
Guild of Guardian Heroes fell to second place at $16.5 million, down 33.60%. In the game collection, it has declined for all metrics including transactions (35.26%), buyers (41.99%) and sellers (42.33%).
DMARKET ranked third at $9 million, up 0.99%. The Guild of Guardian Avatars fell 31.19%, but remains fourth at $7 million.
Gods Unchained Cards entered the top five at $4.7 million, down 28.60%. In particular, unclassified ordinals for Bitcoin have disappeared from the top collection.
Here are some notable high value sales this week:
- Cryptopunks #1831 is for sale for 150 ETH ($389,846)
- Cryptopunks #9778 is for sale for 150 ETH ($377,958)
- Cryptopunks #4868 is for sale for 76.5 ETH ($201,933)
- Cryptopunks #5586 is for sale at 70.07 ETH ($185,292)
- Cryptopunks #7516 is for sale for 60 ETH ($158,378)
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