According to data from CryptoSlam, NFT sales volume fell 4.97% to $72.53 million from last week’s $79.31 million.
Summary
- NFT sales fell 4.97% to $72.53 million, while the number of buyers rose 77% to more than 293,000.
- The number of sellers increased by 106% to 284,166, while the total number of NFT transactions fell by 12.67%.
- Crypto market weakness hit NFTs as Bitcoin fell to $84,000 and ETH lost $2,800.
Market participation has soared, with NFT buyers up 77.11% to 293,459 and sellers up 106.26% to 284,166. NFT transactions fell 12.67% to 940,416.
This drop in NFT market performance is happening because crypto prices have fallen. The price of Bitcoin (BTC) has crashed to the $84,000 level as the market has changed course.
Ethereum (ETH) has lost the $2,800 level and extended its decline. The global cryptocurrency market cap has fallen to $2.87 trillion, down from last week’s $3.26 trillion.
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Bored Ape Yacht Club bounces while Algebra declines
Algebra Positions NFT-V2 on Ethereum retained the top spot with revenue of $7.26 million, down 7.09% from last week’s $7.81 million. The collection processed 511 transactions with 135 buyers and 106 sellers.
DMarket on the Mythos blockchain held the second position at $6.67 million, essentially flat with a 0.09% decline from last week’s identical $6.67 million. The collection recorded 197,923 transactions with 15,185 buyers and 13,188 sellers.
Courtyard on Polygon rose to third place with $2.97 million, up 32.58% from last week’s $2.24 million. The collection processed 47,241 transactions with 12,558 buyers and 1,276 sellers.
Source: Top Collections by NFT Sales Volume (CryptoSlam)
Pudgy Penguins moved into fourth place with $2.76 million, up 2.26% from last week’s $2.79 million. The Ethereum collection had 179 transactions with 113 buyers and 95 sellers.
CryptoPunks secured the fifth position at $2.32 million, up 12.57% from last week’s $1.95 million. The collection had 23 transactions with 17 buyers and 19 sellers.
Bored Ape Yacht Club made a strong comeback in sixth place with $1.98 million, up 37.35% from last week. The Ethereum collection recorded 99 transactions with 60 buyers and 62 sellers.
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Ethereum falls as BNB Chain buyers rise
Ethereum retained the top spot with revenue of $31.08 million, down 6.02% from last week’s $33.71 million.
The network recorded $2.22 million in laundry trades, bringing the total to $33.30 million. The number of buyers increased by 7.86% to 24,217.
BNB Chain (BNB) was in second place with $9.22 million, up 6.24% from last week’s $8.66 million. The blockchain recorded $19,490 in wash trades, bringing the total to $9.24 million. The number of buyers increased by 160.17% to 25,034.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Bitcoin fell to third place at $7.03 million, down 7.78% from last week’s $8.18 million. The network saw 9,600 buyers, an increase of 85.61%.
Mythos Chain came in fourth with $6.81 million, up 0.23% from last week’s $6.84 million. The blockchain attracted 30,134 buyers, an increase of 79.00%.
Polygon (POL) secured the fifth position with $4.02 million, up 21.83% from last week’s $3.26 million.
The blockchain recorded $7.51 million in laundry trades, bringing the total to $11.54 million. The number of buyers increased by 175.17% to 59,885.
Immutable (IMX) finished in sixth place with $3.20 million, down 24.29% from last week’s $4.19 million. The blockchain had 4,237 buyers, an increase of 135.52%.
Solana (SOL) finished in seventh place with $3.15 million, down 41.02% from last week’s $5.50 million. The network registered 28,110 buyers, an increase of 114.33%.
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CryptoPunks are once again dominating the top sales
CryptoPunks led all five top individual selling positions:
- CryptoPunks #9816 led at $174,826.39 (58 ETH), sold four days ago.
- CryptoPunks #3661 came in second with $148,102.05 (47 ETH), sold six days ago.
- CryptoPunks #8739 sold five days ago for $122,164.40 (39.99 ETH).
- CryptoPunks #4241 raised $112,516.20 (35.49 ETH) seven days ago.
- CryptoPunks #5666 completed the top five for $110,789.94 (34.5 ETH), sold six days ago.