Despite the slight pullback in the crypto market, the NFT sector continues to pump, with sales volume jumping by 17.16% to $130.7 million.
According to data from CryptoSlam, market participation has rebounded strongly, with NFT buyers increasing by 138.96% to 259,264. Also, NFT sellers grew by 98.69% to 137,347. NFT transactions have slightly decreased by 1.14% to 1,498,668.
As per CoinMarketCap data, Bitcoin (BTC) has dropped to the $103,000 level after hitting $105,000. At the same time, Ethereum (ETH) has shown a 7% recovery in the last seven days and is hovering at the $2,500 level. The global crypto market cap is now $3.29 trillion, down from last week’s $3.33 trillion.
Ethereum remains the dominant blockchain for NFTs, with $41.3 million in sales, up 21.47% from the previous week. Ethereum’s wash trading has decreased by 14.85% to $4.5 million.
Bitcoin has surged to second place with $22.6 million in sales, showing a growth of 53.53%. Polygon (POL) has dropped to third place with $14.5 million, dropping 22.85%. Despite this, Polygon’s wash trading has surged by 49,260.97% to $1.3 million.
Mythos Chain holds fourth position with $13.3 million, though sales are down 19.62%. Solana (SOL) completes the top five with $8.9 million and rebounded with a 17.31% increase.
Buyer counts have increased across all blockchains, with Bitcoin seeing 275.4% growth, Solana 237.33%, and Polygon 233.6%.
In collection rankings, Courtyard on Polygon maintains its top position despite a 31.02% decline to $11.7 million in sales. The collection has seen decreases across all metrics. This includes transactions (29.87%), buyers (17.67%), and sellers (39.82%).
DMarket remains in second place with $8.2 million; however, it has fallen 28.01%. Bitcoin’s BRC-20 NFTs have climbed to third place with $7.1 million and posted a 107.81% increase.
CryptoPunks has moved up to fourth place with $7 million in sales and has doubled with 97.09% growth. The collection has seen increases in transactions (52.94%), buyers (45.83%), and sellers (62.5%).
A newcomer, XSY Deposit on Avalanche (AVAX), entered the rankings in fifth place with $6.8 million. The collection’s sales have grown by 469.59%.
Notable high-value sales from this week include:
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