Pudgy Penguins are wobbling higher despite the overall decline in NFT sales

DX Terminal and Pudgy Penguins are hot despite the general coolness of the NFT (non-fungible token) market.

According to data from CryptoSlam, NFT sales volume fell 33.56% to $169.7 million from last week’s $256.9 million.

The decline was more severe for market participants, with the number of NFT buyers falling 75.68% to 168,946 and the number of sellers falling 73.94% to 152,283. Specific NFT collections (such as DX Terminal and Pudgy Penguins) bucked the trend.

The price of Bitcoin (BTC) has retreated to the $112,000 level after last week’s rally. Ethereum (ETH) has also retreated to $3,700 from its recent highs. The global cryptocurrency market capitalization has fallen to $3.78 trillion, down from last week’s $4.2 trillion valuation.

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DX Terminal dominates NFT collections

DX Terminal on the Base blockchain has taken the top spot with $13.03 million in revenue, up 50.20%. The collection processed 570,066 transactions and attracted 169,973 buyers and 168,979 sellers.

CryptoPunks fell to second place with revenue of $11.06 million, down 36.92% from last week’s $17.33 million. The Ethereum collection had 48 transactions with 26 buyers and 30 sellers.

DMarket maintained the third position at $7.72 million, down 3.33% from last week’s $7.95 million. The Mythos-based collection recorded 225,129 transactions.

Pharaoh V3 Non Fungible on Avalanche (AVAX) climbed to fourth place with $7.34 million in revenue, a massive increase of 41,365.84%. The collection had 554 transactions with 101 buyers and 38 sellers.

Source: Top Collections by NFT Sales Volume (CryptoSlam)

Moonbirds dropped to fifth place with $7.01 million, down 60.89% from last week’s $18.72 million. The collection processed 512 transactions with 205 buyers and 243 sellers.

Pudgy Penguins took sixth place with $6.63 million, up 16.98% from last week’s $5.67 million. The Ethereum collection witnessed 172 transactions, involving 81 buyers and 97 sellers.

Bored Ape Yacht Club rounded out the top seven with $5.30 million, up 90.38%. The collection recorded 174 transactions with 103 buyers and 91 sellers.

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Ethereum retains the lead despite the decline

Ethereum remained the leading blockchain for NFT sales with $86.46 million, down 9.34% from last week’s $97.4 million.

The network recorded $12.46 million in laundry trades, bringing the total to $98.92 million. The number of buyers fell sharply by 81.35% to 19,509.

Base took the second position with $15.56 million, up 39.75% from last week’s $10.92 million. The blockchain recorded $5.29 million in wash trading, with the number of buyers falling 66.63% to 95,027.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Bitcoin climbed to third place with $14.04 million, up 20.92% from last week’s $10.97 million. The network saw 3,188 buyers, a drop of 86.51%.

Mythos Chain came in fourth with $12.86 million, down 2.13% from last week’s $13.07 million. The blockchain attracted 9,568 buyers, a drop of 79.07%.

Avalanche jumped to fifth place with $10.63 million, an increase of 373.13%. The blockchain had only 280 buyers, a drop of 88.49%.

Solana (SOL) took sixth place with $7.58 million, up 0.81% from last week’s $7.74 million. The network registered 9,554 buyers, a decrease of 83.18%.

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Top Selling Collectibles

• A Protoshrooms NFT led individual sales at $470,760.50 (3.7811 BTC), sold five days ago.
• CryptoPunks #9205 sold seven days ago for $416,002.50 (92.5 ETH).
• Wrapped Ether Rock #91 raised $380,000 (380,000 USDC) six days ago.
• CryptoPunks #3390 sold four days ago for $279,243.03 (59.68 ETH).
• CryptoPunks #9968 sold three days ago for $259,739.06 (58 ETH).

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