NFT sales volume fell 14.06% to $84.44 million from last week’s $98.18 million.
Summary
- NFT sales volume fell 14% to $84.44 million, while Bitcoin and Ethereum prices weakened.
- Buyer participation fell by 96%, which is one of the sharpest declines
- DMarket led with $6.88 million in revenue, while top Ethereum collections like BAYC fell.
According to data from CryptoSlam, market participation has dropped noticeably, with the number of NFT buyers dropping 96.76% to just 20,302 and the number of sellers dropping 95.05% to 23,241. NFT transactions fell 4.21% to 1,405,561.
This comes at a time when the price of Bitcoin (BTC) has fallen to the $102,000 level as market pressure mounts.
Ethereum (ETH) has lost the $3,400 level and the global cryptocurrency market cap has shrunk to $3.48 trillion, down from last week’s $3.71 trillion.
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DMarket rises as large collections retreat
DMarket on the Mythos blockchain extended its lead with revenue of $6.88 million, up 15.85% from last week’s $5.92 million. The collection processed 247,448 transactions and attracted 16,575 buyers and 13,544 sellers.
DX Terminal on Base remained in second place with $5.11 million, down 13.38% from last week’s $5.62 million. The collection recorded 318,595 transactions with 80,646 buyers and 81,068 sellers.
Pudgy Penguins was in third place with $4.38 million, down 12.95% from last week’s $4.85 million. The Ethereum collection had 215 transactions with 139 buyers and 136 sellers.
Source: Top Collections by NFT Sales Volume (CryptoSlam)
CryptoPunks dropped to fourth place with $3.30 million, down 25.47% from last week’s $3.79 million. The collection had only 28 transactions with 20 buyers and 24 sellers.
Courtyard on Polygon (POL) rose to fifth place with $2.91 million, up 54.88%. The collection processed 45,553 transactions with 13,104 buyers and 1,910 sellers.
Bored Ape Yacht Club dropped to sixth place with $2.81 million, down 46.55% from last week’s $5.22 million. The collection recorded 129 transactions with 83 buyers and 80 sellers.
Guild of Guardians Heroes rounded out the top seven with $2.48 million, down 35.97% from last week’s $3.88 million.
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Ethereum falls as buyer data shows anomalies
Ethereum retained the top spot with revenue of $32.97 million, down 21.41% from last week’s $41.72 million.
The network recorded $4.64 million in laundry trades, bringing the total to $37.60 million. The number of buyers fell sharply by 76.91% to 12,604.
Bitcoin was in second place at $9.15 million, down 15.65% from last week’s $11.55 million. The network recorded zero buyers, a drop of 100.00%.
The base fell to third place with $7.32 million, down 31.37% from last week’s $10.36 million. The blockchain recorded $5.02 million in wash trades, with zero buyers reported.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Mythos Chain climbed to fourth place with $7.10 million, up 17.21% from last week’s $6.09 million. The blockchain showed zero buyers, compared to 46,981 last week.
BNB Chain (BNB) secured the fifth position with $6.15 million, up 12.75% from last week’s $5.25 million. Zero buyers were registered.
Solana (SOL) finished in sixth place with $5.12 million, down 13.05% from last week’s $6.16 million, also with zero buyers.
Polygon came in seventh on the rankings with $4.50 million, up 28.91%. The blockchain recorded $7.41 million in laundry trades, bringing the total to $11.91 million.
Immutable (IMX) finished in eighth place with $4.26 million, down 36.01% from last week’s $6.56 million.
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CryptoPunks lead the top sales
CryptoPunks dominated the highest individual sales, claiming all five positions:
- CryptoPunks #8295 led at $196,275.14 (54.69 ETH), sold four days ago.
- CryptoPunks #5361 came in second with $173,369.70 (45 ETH), sold five days ago.
- CryptoPunks #5295 sold two days ago for $165,743.73 (49.99 ETH).
- CryptoPunks #9537 raised $160,023.86 (41.5 ETH) five days ago.
- CryptoPunks #2845 completed the top five for $151,059.23 (39 ETH), sold six days ago.
Disclosure: This article does not represent investment advice. The content and materials on this page are for educational purposes only.