In the NFT market, sales volumes have been declining by 25.78%, down $134 million, resulting in a sharp revision. This reversal follows the recovery from the previous week.
summary
- NFT sales fell 25% to $134 million, while buyers and sellers both have grown by more than 25%
- Polygon and BNB record strong profits while Ethereum sales drop by 41%
- Courtyard leads the collection with $14.7 million sales, with Cryptopunks Plunge 59%
Market participation continues to expand despite declining sales, according to Cryptoslam data. NFT buyers rose 25.74% to 450,096, while NFT sellers rose 25.91% to 321,107. NFT transactions increased by 6.26% to 1,652,284.
Market conditions are also unstable as Bitcoin (BTC) prices have dropped to the $115,000 level. At the same time, Ethereum (ETH) rose to $4,700. Global crypto market capitalization is $3.98 trillion from last week’s market capitalization.
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Ethereum maintains its sales lead
Ethereum remains in its key position with sales of $60.7 million, despite a 41.63% decline from the previous week. Ethereum’s wash trade fell 55.47% to $13.5 million.
The BNB (BNB) chain ranked second at $20 million, up 10.63%. Polygon (POL) returned to third place at $16.1 million, with a surge of 37.86%.
Source: Blockchain based on NFT sales volume (Cryptoslam)
The Mythos chain remains fourth, up 3.17%, $9.7 million. Solana (Sol) sat fifth at $7.5 million, down 13.63%.
Immutable (IMX) ranked sixth at $7.2 million, down 10.70%. Cardano (ADA) entered the top seven with $3.1 million, jumping 48.96%.
NFT Buyer Count Jump
The number of buyers has increased across most blockchains, with Cardano leading at 91.41% growth rates, and since then BNB chains remain unchanged at 84.48% and 72.18%.
Polygon courtyards have recovered the top spots in the collection rankings, with sales of $14.7 million, a surge of 41.01%. This collection saw growth in buyers (186.96%) and transactions (45.28%).
BNB chain Spinnftbox took second place at $10.9 million, up 39.83%. The collection continues to be dominated by a single seller despite 1,424 buyers.
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Cryptopunks came third with $8.7 million, plunging 59.28%. This collection has declined for all metrics including transactions (56.98%), buyers (52.78%) and sellers (30.23%).
MoonBirds sits in fourth place, up 29.94%, $7.4 million. Dmarket took fifth place at $4.6 million, up 8.70%. The Guild of Guardian Heroes rounded out the top six with $4.2 million, up 18.72%.
Here are some notable high value sales this week:
- Cryptopunks #1082 is for sale for 80 ETH ($350,969)
- Cryptopunks #2596 is for sale at 72.99 ETH ($315,628)
- Cryptopunks #5477 is for sale at 66 ETH ($285,187)
- Cryptopunks #3704 is for sale at 63 ETH ($271,922)
- Cryptopunks #8864 is for sale at 56.5 ETH ($269,994)
