NFT Sales Drop 42% to $93 Million, Pudgy Penguins Sales Plunge 76%

According to data from CryptoSlam, NFT (non-fungible token) sales volume fell 42.42% to $93.18 million from last week’s $161.7 million.

Despite the collapse in sales, market participation has improved, with NFT buyers up 33.09% to 509,668 and sellers up 21.04% to 413,225. NFT transactions fell 7.63% to 1,543,392.

At the same time, the price of Bitcoin (BTC) has returned to the $111,000 level after recent weakness.

Ethereum (ETH) has regained the $3,900 level as the overall crypto market shows renewed strength.

The global cryptocurrency market cap now stands at $3.75 trillion, up from last week’s $3.62 trillion. However, the NFT sector has seen a sharp turnaround.

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DMarket takes first place as Pudgy Penguins collapses

DMarket on the Mythos blockchain has claimed the top spot with revenue of $9.05 million, up 12.11% from last week’s $8.07 million.

The collection processed 286,645 transactions and attracted 19,577 buyers and 15,873 sellers.

DX Terminal on Base fell to second place with $7.56 million, down 20.58% from last week’s $9.99 million. The collection recorded 406,415 transactions with 100,205 buyers and 100,091 sellers.

Source: Top Collections by NFT Sales Volume (CryptoSlam)

Pudgy Penguins suffered a significant drop to third place. The collection grossed $3.8 million, down 76.27% from last week’s $15.61 million. The Ethereum collection had only 128 transactions, with 73 buyers and 77 sellers.

Guild of Guardians Heroes on Immutable-Zk came in fourth on the rankings with $3.45 million, up 41.06%. The collection had 2,837 transactions.

Two Bitcoin BRC-20 NFT collections made the top seven. $ATMC BRC-20 NFTs finished in fifth place with $3.21 million, up 38.3%, while $?? BRC-20 NFTs finished in sixth place with $2.9 million, up 57.5%.

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Ethereum retains the lead despite a steep decline

Ethereum took the top spot with revenue of $35.04 million, down 65.64% from last week’s $102.67 million. The network recorded $4.06 million in laundry trades, bringing the total to $39.10 million.

Despite the decline in sales, buyers increased by 41.05% to 47,352.

Bitcoin jumped to second place with $13.17 million, up 11.14% from last week’s $10.11 million. The network saw 13,462 buyers, an increase of 60.49%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

The base fell to third place with $10.19 million, down 19.8% from last week’s $13.20 million.

The blockchain recorded $4.90 million in wash trades, with the number of buyers rising 13.56% to 257,187.

Mythos Chain climbed to fourth place with $9.27 million, up 13.52% from last week’s $8.23 million. The blockchain attracted 33,791 buyers, an increase of 42.9%.

Immutable (IMX) secured the fifth position with $5.73 million and rose 41.05%. The network had 6,012 buyers, an increase of 40.96%.

BNB Chain (BNB) finished in sixth place with $5.33 million, down 19.62% from last week’s $6.51 million. The number of buyers increased by 52.26% to 32,769.

Solana (SOL) finished in seventh place with $4.92 million, down 6.23% from last week’s $5.40 million. The network recorded 30,713 buyers, an increase of 40.36%.

Record-breaking good deed NFT sales

A Good Deed NFT shattered records with sales of $44.89 million (70,200,565,5751 ADA), which closed a day ago. This is one of the most valuable NFT sales in recent months.

Known provenance #264609 sold six days ago for $246,984.31 (63.8 ETH).

Three CryptoPunks completed the top five:

• CryptoPunks #7839 sold six days ago for $174,846.97 (44.99 ETH)
• CryptoPunks #7378 sold two days ago for $173,119.61 (45 ETH)
• CryptoPunks #7461 sold five days ago for $167,646.53 (42 ETH)

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