According to data from CryptoSlam, NFT sales volume fell 15.72% to $64.95 million from last week’s $77.10 million.
Summary
- Bitcoin recovered to $90K and ETH held $3K, but NFTs continued to underperform.
- NFT sales fell 16% to $64.95 million as buyer and seller participation collapsed.
- NFT buyers fell 68% and sellers fell 71%.
Market participation has collapsed, with the number of NFT buyers falling 68.41% to 154,955 and the number of sellers falling 71.48% to 115,051. NFT transactions fell 13.25% to 940,713.
At the same time, the price of Bitcoin (BTC) has recovered to the $90,000 level after recent volatility. Ethereum (ETH) has maintained the $3,000 level and remained stable above this important threshold.
The global cryptocurrency market cap now stands at $3.07 trillion, up from last week’s $3.05 trillion. However, the NFT sector has experienced a sharp downturn with declining market participation.
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DMarket retains the lead now that the large collections are declining
DMarket on the Mythos blockchain retained the top spot with revenue of $4.50 million, down 40.45% from last week’s $6.73 million. The collection processed 118,034 transactions with 10,282 buyers and 8,792 sellers.
Algebra Positions NFT-V2 on Ethereum held the second position at $2.39 million, down 49.36% from last week’s $4.47 million. The collection had 305 transactions with 55 buyers and 144 sellers.
Courtyard on Polygon secured third place with $2.18 million, down 36.18% from last week’s $3.42 million. The direct debit processed 41,269 transactions.
Source: Top Collections by NFT Sales Volume (CryptoSlam)
YES BOND on BNB recorded the most resilience in fourth place with $2.04 million, down just 3.02% from last week’s $2.09 million. The collection had 1,907 transactions.
Guild of Guardians Heroes on Immutable-Zk fell to fifth place with $1.78 million, down 67.62% from last week’s $5.46 million. The collection recorded 1,675 transactions.
CryptoPunks finished in sixth place with $1.77 million, down 13.87% from last week’s $2.06 million. The Ethereum collection had 18 transactions with 16 buyers and 15 sellers.
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Solana rises as Ethereum and Immutable decline
Ethereum retained the top position with revenue of $23.93 million, down 10.88% from last week’s $27.30 million.
The network recorded $4.43 million in laundry trades, bringing the total to $28.36 million. The number of buyers fell by 70.47% to 12,141.
BNB Chain (BNB) climbed to second place with $9.44 million, up 21.18% from last week’s $7.73 million.
The blockchain recorded $118,899 in wash trading, with buyers down 76.66% to 14,599.
Bitcoin took the third position at $6.10 million, down 21.20% from last week’s $7.19 million. The network saw 3,552 buyers, a drop of 79.51%.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Solana (SOL) secured fourth place with $5.54 million, up 44.54% from last week’s $4.03 million.
The blockchain recorded $5.36 million in wash trades, bringing the total to $10.90 million. Despite the increase in turnover, the number of buyers fell by 80.07% to 14,891.
Mythos Chain fell to fifth place with $4.64 million, down 39.26% from last week’s $6.88 million. The blockchain attracted 13,721 buyers, a drop of 73.74%.
Immutable (IMX) fell to sixth place with $3.15 million, down 63.32% from last week’s $8.51 million. The blockchain had 1,845 buyers, a drop of 74.95%.
Polygon (POL) finished in seventh place with $3.12 million, down 29.38% from last week’s $4.38 million. The blockchain recorded $5.99 million in wash trading, with the number of buyers falling 70.74% to 27,758.
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Bitcoin BRC-20 NFT retains the top position
The $X@AI BRC-20 NFT ranked first for individual sales at $809,337.16 (8.7195 BTC), sold nine days ago.
Four CryptoPunks completed the top five:
- CryptoPunks #6615 sold nine days ago for $153,356.75 (47.99 ETH)
- CryptoPunks #309 sold nine days ago for $134,530.52 (42 ETH)
- CryptoPunks #4566 sold four days ago for $123,808.45 (39.9 ETH)
- CryptoPunks #4172 sold three days ago for $111,232.08 (33 ETH)