The NFT market has posted solid growth with sales volume rising by 8.13% to $129.1 million. This is the third consecutive week of gains, despite the weakness in the crypto market.
Summary
- NFT sales posted 8% growth to $129.1 million marking three consecutive weeks of gains
- Market participation surged with buyer counts more than doubling and seller counts rising 140%
- BNB Chain surged to second place in blockchain rankings with nearly 200% growth
According to data from CryptoSlam, market participation has expanded with NFT buyers surging by 112.37% to 587,381, and NFT sellers rising by 140.76% to 496,112. NFT transactions have declined by 7.99% to 2,088,311.
The market has been tumultuous as Bitcoin (BTC) price has dropped to the $119,000 level. At the same time, Ethereum (ETH) has dropped to the $4,000 level.
The global crypto market cap is now $3.78 trillion, down from last week’s market cap of $4.04 trillion.
BNB Chain surges to second position
Ethereum has maintained its leading position with $45.2 million in sales, though posting minimal growth of 1.49%. Ethereum’s wash trading has decreased by 10.26% to $8.9 million.
BNB Chain (BNB) has surged to second place with $25.5 million, surging by 197.21%.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Base has climbed to third position with $13.7 million, though declining 0.02%. Mythos Chain holds fourth place with $11 million, falling 11.11%.
Bitcoin sits in fifth with $7.8 million, declining 25.73%. Immutable (IMX) occupies sixth with $6.3 million, down 24.83%.
Solana (SOL) holds seventh with $5.2 million, falling 28.38%. Polygon (POL) rounds out the top eight with $4.1 million, declining 29.45%.
The buyer count has increased across most blockchains, with Ethereum leading at 129.93% growth, followed by BNB Chain at 10.49% and Solana at 38.59%.
Pudgy Penguins rise 15%
Vesting NFT on BNB Chain has taken the top spot in collection rankings with $17.9 million in sales, showing no change from the previous period. The collection is dominated by a single seller with 22 buyers.
DX Terminal on Base has climbed to second place with $8.6 million, declining 3.55%. The collection has seen decreases in buyers (17.18%) and sellers (16.64%).
DMarket holds third position with $5.9 million, falling 17.73%. Moonbirds sits in fourth with $5.5 million, rising 30.44%.
DKTNFT on BNB Chain occupies fifth place with $3.6 million, declining 3.49%. Panini America holds sixth with $3.6 million, up 40.19%.
Guild of Guardians Heroes sits in seventh with $3.5 million, falling 23.82%. Pudgy Penguins completes the top eight with $3.4 million, rising 15.21%.
Notable high-value sales from this week include:
- CryptoPunks #9286 sold for 48.97 ETH ($220,299)
- CryptoPunks #6482 sold for 48.89 ETH ($218,454)
- CryptoPunks #2406 sold for 48.85 ETH ($217,892)
- BOOGLE sold for 950 SOL ($205,400)
- CryptoPunks #3091 sold for 48 ETH ($201,125)