The NFT (non-fungible token) market has continued its recovery with sales volume rising by 4.09% to $109.8 million.
Summary
- NFT sales continued recovering with 4.1% growth to $109.8 million
- CryptoPunks posted the week’s standout performance with 136% growth
- Market participation rebounded strongly with buyer counts up 53% and seller counts up 67%
This is the second consecutive week of growth following several weeks of sales drops.
According to data from CryptoSlam, market participation has rebounded with NFT buyers increasing by 53.35% to 277,059, and NFT sellers rising by 67.19% to 206,669. However, NFT transactions have declined by 6.65% to 1,630,579.
This is happening at a time when Bitcoin (BTC) has recovered to the $115,000 level. At the same time, Ethereum (ETH) has surged to the $4,400 level.
The global crypto market cap is now $4.04 trillion, up from last week’s market cap of $3.81 trillion.
Ethereum reclaims dominant position
Ethereum has reclaimed its dominant position with $46.4 million in sales. This is a 42% surge from the previous week. Ethereum’s wash trading has also jumped by 154.37% to $9.2 million.
Mythos Chain has maintained second place with $12.2 million, declining 16.29%. Bitcoin has climbed to third position with $10.2 million, rising 8.44%.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Immutable (IMX) holds fourth place with $8.5 million, falling 0.10%. BNB Chain (BNB) sits in fifth with $8.4 million, declining 18.33%.
Solana (SOL) has risen to sixth with $7.5 million, up 41.01%. Polygon (POL) has dropped to seventh place with $5.6 million, falling 59.09%.
The buyer count has increased across most blockchains, with Immutable leading at 146% growth. This is followed by Mythos Chain at 135.35% and Polygon at 122%.
DMarket has retained the top spot in collection rankings with $7.1 million in sales, though declining 23.16%. The gaming marketplace has seen decreases across all metrics, including transactions (21.24%) and buyers (27.62%).
CryptoPunks sales jump 136%
CryptoPunks has surged to second place with $7 million, jumping by 136.83%. The collection has more than doubled its transactions (146.15%) and buyers (100%), while sellers grew by 136.36%.
Guild of Guardians Heroes holds third position with $4.8 million, posting minimal growth of 1.20%. Courtyard on Polygon has fallen to fourth place with $4.7 million, plummeting 62.86%.
Moonbirds sits in fifth with $4.6 million, surging 141.12%. The collection has seen growth in transactions (148.99%) and buyers (93.48%).
Bored Ape Yacht Club has entered the top six with $4.4 million, rising 78.76%. The Yuga Labs collection has more than doubled its transactions (108.33%) and nearly doubled its buyers (93.33%).
Notable high-value sales from this week include:
- BOOGLE sold for 1,380 SOL ($324,846)
- CryptoPunks #8521 sold for 55.48 ETH ($255,288)
- CryptoPunks #4420 sold for 56.388 ETH ($254,250)
- CryptoPunks #2642 sold for 52.1 ETH ($239,735)
- CryptoPunks #1180 sold for 49.89 ETH ($232,394)