NFT buyers are up 120%, despite revenue remaining flat at $61.5 million

The NFT The market recorded a sales volume of $61.5 million last week, a modest increase of 1.52% from the previous period.

While sales figures show minimal movement, the real story lies in market participation. NFT buyers rose 120.90% to 134,743, while sellers rose 98.69% to 111,756.

This has happened at a time when Bitcoin (BTC) has recovered to the $95,000 level, while Ethereum (ETH) has reclaimed the $3,200 limit.

The global cryptocurrency market cap now stands at $3.22 trillion, up from last week’s $3.09 trillion.

Ethereum maintains dominance with $29 million in revenue

Ethereum continues to lead all blockchains with $29.05 million in revenue NFT sales, with a gain of 13.51% over the seven-day period.

The network saw 17,389 buyers, up 420.94% from the previous week. Wash trades on Ethereum during this period totaled $3.88 million.

Bitcoin claimed second place among blockchains with revenue of $9.33 million, although this is a decline of 12.69% from the previous week. The network attracted 5,185 buyers, up 202.69% week-on-week.

BNB Chain (BNB) ranked third with sales of $7.73 million, up 10.24% and attracted 14,728 buyers who rose 422.27%.

Immutable (IMX) secured fourth position with sales of $4.14 million, up 5.15%, while Panini rounded out the top five with $2.26 million, down 9.05%.

Base blockchain recorded revenue of $2.26 million with a gain of 35.45%, while Solana (SOL) posted revenue of $1.89 million but saw a steep decline of 46.78% compared to the previous week.

YES BOND tops the collection rankings

YES BOND BNB Chain dominated the collections rankings with sales of $3.26 million, up 19.35% over the week. The collection processed 1,622 transactions from 1,299 buyers.

CryptoPunks took second place with $2.73 million in revenue, despite a 23.81% decline. The blue-chip Ethereum collection completed 28 transactions from 20 buyers. Ape.bond Bonds finished in third place with sales of $2.48 million, an increase of 43.47%.

Source: Top Collections of NFT Sales Volume (CryptoSlam)

Panini America generated revenue of $2.26 million, down 9.05%, while Guild of Guardians Heroes posted revenue of $2.16 million, up 0.74%.

Good Vibes Club on Ethereum posted revenue of $2.09 million with a gain of 349.52%. Pudgy Penguins rounded out the top seven with revenue of $2 million, down 9.62%.

High-value sales led by Bitcoin NFTs

The highest value sales of the week were dominated by $X@AI BRC-20 NFTs on Bitcoin. Highest sales were $1.10 million (12.0247 BTC), followed by another piece of $X@AI for $898,131 (9.8453 BTC). Both transactions took place three days ago.

CryptoPunks claimed three spots in the top five individual sales.

• CryptoPunks #5705 sold for $163,672 (53 ETH) six days ago.
• CryptoPunks #3043 raised $123,926 (40 ETH)
• CryptoPunks #4773 raised $111,223 (35.9 ETH), both sold three days ago.