The NFT market recorded a recovery with sales volume rising by 8.17%, up $125.1 million. This shows a rebound from the previous week’s decline.
Bitcoin (BTC) has skyrocketed to the $107,000 level. At the same time, Ethereum (ETH) has been stable over the past seven days. Global crypto market capitalization went from $3.28 trillion last week to $3.29 trillion.
Market participation indicators remained stable, with NFT buyers increasing by 1,061,348 (maintaining a 50.56% growth rate) and NFT sellers increasing by 8.09% at 38,494, according to data from Cryptoslam. NFT transactions increased by 1.82% to 1,717,339.
You might like it too: XRP News: Ripple’s legal loss, $439 million transfer ignite cell-off domino
The immutable holds its position
Immutable (IMX) regained its dominant position with $33.3 million sales, up 15.34% from the previous week.
Ethereum recovered to second place with $25.6 million sales, recording strong growth of 31.77%. Ethereum’s wash trade fell 14.24% to $1.6 million.
Source: Blockchain based on NFT sales volume (Cryptoslam)
Polygon (POL) came in third place, down 29.42% at $16.5 million. Blockchain wash transactions plummeted 97.45% to just $34,545.
Mythos Chain remains in its fourth position at $14 million, down 1.29%. BNB (BNB) rose to fifth place at $9.1 million, up 16.72%. Bitcoin ranked 6th in the sixth place, $8.1 million, up 2.04%.
Buyers are growing on most blockchains, with polygon leading at 35.63% growth rate followed by Bitcoin at 23.22% and Mythos chain at 19.32%.
You might like it too: Pump.fun 2.0 and Moonshot create a square with UX-driven SolanaMeme Arms Race
Guild of Guardian Heroes recovered the top spot in the collection rankings and earned sales of $19.3 million, representing an increase of 15.94%. This game collection benefits from the new strength of Immutable.
Polygon courtyard fell to second place at $15.4 million, down 11.43%. This collection is declining in both buyers (80.14%) and sellers (91.83%).
DMARKET ranked third at $8.9 million, down 1.66%. The Guild of Guardian Avatars remained fourth, up 5.95% at $7.6 million.
Avalanche’s XSY deposit re-enters the rankings at $6.6 million, with a total of 5th place and has not changed since the previous week. This collection continues to be dominated by a single buyer and seller. Gods Unchained Cards sits sixth at $6.3 million, jumping to 31.24%.
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)
read more: XRP prices rise after Ripple CEO said cross appeal has decreased