Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million.
Bitcoin (BTC) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion.
According to data from CryptoSlam, market participation has increased. NFT buyers grew by 61.18% to 443,548, and NFT sellers rose by 31.87% to 199,129. NFT transactions have also risen by 15.39% to 1,697,343.
Ethereum maintains its dominant position with $29.6 million in sales. However, it has seen a 26.22% decline from the previous week and wash trading has decreased by 57.18% to $2 million.
Avalanche (AVAX) has made a dramatic entrance into second place with $22.3 million in sales and has seen a surge of 202.92%.
Polygon (POL) holds the third position with $21.3 million and has shown solid growth of 45.98%. Bitcoin has dropped to fourth place with $18.2 million. It has fallen 21.85% from last week.
Mythos Chain rounds out the top five with $13.9 million. Immutable (IMX) appears in sixth with $8.6 million, while Solana (SOL) sits in seventh with $6.4 million, with a 26.36% drop.
The buyer count has increased across most blockchains, with Avalanche leading at 79.08% growth. This is followed by Bitcoin at 72.98% and Solana at 71.09%.
A major change has happened in collection rankings, with XSY Deposit on Avalanche taking the top spot at $22.1 million in sales. However, this collection appears to be dominated by a single buyer and seller.
Courtyard on Polygon has moved to second place with $14.4 million and has rebounded with 23.23% growth. DMarket remains in third with $8.8 million, up 7.07%.
Bitcoin’s BRC-20 NFTs have fallen to fourth place with $6 million, dropping 15.78%. Guild of Guardians Heroes holds fifth with $5.9 million.
CryptoPunks has dropped to sixth place with $4.8 million in sales, with a 30.94% decline. The collection has seen decreases across all metrics including transactions (42.31%), buyers (37.84%), and sellers (45.24%).
Read last week’s NFT performance from here. Notable high-value sales from this week include:
SAVE 26%: Amazon has the Dyson V8 Plus cordless stick vacuum for $349.99, a nice…
Ethereum price rally has stalled in the past 15 days, but Polymarket traders and technicals…
The best mirrorless camera for you depends on what you want to do with it.…
Jiuzi Holdings, Inc. plans to acquire 1,000 bitcoins over the coming year through a combination…
Key Takeaways A Kentucky crypto investor was arrested for allegedly kidnapping and torturing an Italian…
Kesha may have taken the dollar sign out of her name, but now, the singer…