According to data from CryptoSlam, NFT sales volume fell 27.65% to $62.58 million from last week’s $88.29 million.
Summary
- NFT volume fell nearly 28%, while the number of buyers and sellers fell more than 75% week over week.
- Ethereum held the top spot on the chain, while Bitcoin NFT sales fell by more than 65% over the past week.
- CryptoPunks led collections even as overall NFT activity hit multi-week lows.
Market participation has collapsed, with the number of NFT buyers falling 82.75% to 60,985 and the number of sellers falling 77.69% to 56,228. NFT transactions fell 23.64% to 690,550.
This bearish performance occurs as the price of Bitcoin (BTC) has remained stable at the $90,000 level after last week’s recovery.
Ethereum (ETH) has lost the $3,100 level and has fallen back below this important threshold. The global cryptocurrency market cap now stands at $3.09 trillion, a marginal increase from last week’s $3.08 trillion.
CryptoPunks Claims First Place as Bitcoin Fades BRC-20
CryptoPunks on Ethereum has risen to the top spot with revenue of $3.59 million, up 33.58% from last week’s $2.69 million. The collection processed 31 transactions with 21 buyers and 17 sellers.
YES BOND on BNB ranked second at $2.75 million, posting minimal growth of 1.34% from last week’s $2.72 million. The collection recorded 2,277 transactions with 1,836 buyers and only 1 seller.
Panini America on the Panini blockchain exploded to third place with $2.51 million, up 176.41%. The collection had 19,194 transactions with 934 buyers and 1,765 sellers.
Source: Top Collections by NFT Sales Volume (CryptoSlam)
Pudgy Penguins fell to fourth place with $2.15 million, down 8.80% from last week’s $2.39 million. The Ethereum collection had 134 transactions with 74 buyers and 81 sellers.
TokenVestingPlans on Ethereum secured fifth place with $1.81 million, an increase of 3,779.55%. The collection processed 44 transactions with only 1 buyer and 14 sellers.
Guild of Guardians Heroes on Immutable-Zk took sixth position with $1.77 million, down 22.72% from last week. The collection recorded 1,279 transactions.
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Ethereum Maintains Lead While Bitcoin Collapses
Ethereum took the top spot with revenue of $26.76 million, essentially flat with a decline of 0.10% from last week’s $27.57 million.
The network recorded $3.97 million in laundry trades, bringing the total to $30.73 million. The number of buyers fell by 86.03% to 3,338.
Bitcoin fell to second place at $10.43 million, a crash of 65.16% from last week’s $29.95 million. The blockchain recorded $97,394 in wash trades, with the number of buyers falling 86.01% to 1,713.
BNB Chain (BNB) held the third position at $7.00 million, essentially flat with a decline of 0.62% from last week. The blockchain had $8,217 in wash trading, with buyers down 94.36% to 2,820.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Immutable (IMX) took fourth place with $3.91 million, up 18.29% from last week’s $3.26 million. The number of buyers fell by 85.68% to 886.
Solana (SOL) climbed to fifth place with $3.73 million, up 37.01% from last week’s $2.89 million. The blockchain recorded $379,310 in wash trading, with the number of buyers falling 86.81% to 5,098.
Panini came sixth with $2.51 million and rose 173.06%. The blockchain had 934 buyers, an increase of only 2.08%.
Base finished in seventh place with $2.09 million, down 23.14% from last week’s $3.11 million. The blockchain recorded $4.83 million in wash trading, with the number of buyers falling 58.33% to 36,212.
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Bitcoin BRC-20 NFT Leads Despite Collection Drop
A $X@AI BRC-20 NFT surpassed individual sales of $1.37 million (15.0069 BTC) sold six days ago, down from last week’s record $17.13 million sale.
CryptoPunks #7892 came in second with $529,592.56 (169 ETH), sold six days ago.
Bored Ape Yacht Club #3112 took third place for $214,970.88 (69 ETH), sold a day ago.
Two CryptoPunks completed the top five:
- CryptoPunks #1831 sold a day ago for $185,473.78 (60 ETH)
- CryptoPunks #8691 sold nine hours ago for $138,524.39 (45 ETH)