Despite the price butt of Ethereum and a record sale of $ 2.5 million cryptopunks, the NFT market is in a steep retreat-with a turnover decrease from 11% to $ 134.9 million and copper and seller counts that collapse by around 90%, which a sharp contraction of participation in almost all Great Blockchains.
Summary
- NFT’s turnover fell by 11% to $ 134.9 million despite the price destination of 19% of Ethereum.
- Market participation collapsed with copper and seller counts fell by approximately 90%.
- Cryptopunks #1021 has set a new high water marking with a 720 ETH sale worth $ 2.5 million.
Where are all NFT buyers?
According to data from CryptoSlam, market participation has concluded a contract with NFT buyers who fall by 89.83% to 73,900 and NFT sellers fall by 91.14% to 42,878. NFT transactions have risen by 1.60% to 1,781,919.
This slump comes at a time when the price of Bitcoin (BTC) has fallen to the level of $ 116,000.
At the same time, Ethereum (ETH) has shown a peak of 19% up to $ 4,100 in the last seven days. The global crypto market capitalization is now $ 3.93 trillion, an increase compared to last week.
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Ethereum retains its dominance in sales
Ethereum has maintained its dominant position with a turnover of $ 58.5 million, although it fell 23.43% compared to the previous week. Ethereum’s washing handle has fallen to $ 5.5 million by 61.64%.
Polygon (Pol) has risen to second place by $ 17.8 million, rising 56.90%. Bitcoin holds third position by $ 14.2 million, a decrease of 19.47%.
BNB chain (BNB) has risen to fourth place by $ 13.6 million, with 33.54%. Mythos chain is in the fifth with $ 9.6 million and drops 1.75%. Solana (SOL) finish the top six with $ 8.2 million and falls 33.49%.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
The number of buyers has fallen over all major block chains, with polygon that leads the decrease at 97.43%, followed by BNB chain at 95.64%and Bitcoin at 94.41%.
Courtyard on Polygon has recovered the top position in the collection list with a turnover of $ 15.9 million, and rises 67.72%. The collection has seen transactions growth (117.90%) and buyers (152.55%).
Cryptopunks has fallen to second place with $ 11.4 million, and falls 43.68%. The collection has experienced drops in all statistics, including transactions (56.52%), buyers (39.13%) and sellers (54.10%).
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Pudgy Penguins show modest recovery
Pudgy Penguins holds third position by $ 4.9 million, with a modest recovery with a growth of 12.76%. Despite the total fall in the market, this collection has maintained stability.
Spinnftbox on the BNB chain has arrived the top five with $ 4.6 million, with 56.31%explode. The collection is dominated by a single seller despite having 838 buyers.
Darket is in fifth place with $ 4.5 million and falls 2.64%. Sorare is in sixth place in sixth place with $ 4 million and fell 43.54%. Guild of Guardians -heroes finish the top seven with $ 3.8 million, a decrease of 0.82%.
Remarkable high -quality sale this week includes:
- Cryptopunks #1021 sold for 720 ETH ($ 2,569,908)
- Cryptopunks #9797 sold for 140 ETH ($ 503,547)
- Cryptopunks #7414 sold for 100 ETH ($ 341,596)
- Cryptopunks #7211 Sold for 75 ETH ($ 292,320)
- Cryptopunks #3291 sold for 72 ETH ($ 281,019)
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