Sales in the NFT market have soared amid mixed cryptocurrency price action, with Bitcoin regaining the $100,000 level while Ethereum retreated from last week’s $4,000 mark.
The global cryptocurrency market cap shrank slightly to $3.63 trillion from last week’s $3.67 trillion, according to CoinMarketCap data.
According to the latest data from CryptoSlam, the NFT market is up 16.36%, with a total sales volume of $224.5 million. However, the data shows that the number of unique buyers decreased by 73.97% to 180,641.
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The Ethereum network sees a 21% increase
The Ethereum (ETH) blockchain continues to dominate with revenues of $118.9 million, showing a 21.33% increase from the previous period. The network has seen an increase in wash trading, which rose 117.35% to $43.8 million.
Bitcoin (BTC) NFT ecosystem revenue has reached $51.8 million, marking an increase of 14.79%. The network’s wash trading has seen a modest increase of 11.30%, indicating relatively cleaner trading activity compared to Ethereum.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Solana (SOL) has strengthened its position with revenues of $21.4 million, with a growth of 32.12%. Mythos Chain (MYTH) and ImmutableX (IMX) round out the top five, with revenues of $10.9 million and $8.5 million, respectively.
The collections rankings have undergone major changes: Pudgy Penguins – the collection consists of 8,888 unique penguin avatars – retained their first position. Their sales volume reached $30 million, an increase of 51.53% from the previous period.
Pudgy Penguins has evolved beyond just digital art; The brand is now exploring various licensing options, including physical merchandise and toys inspired by the NFT characters.
BRC-20 NFTs continue to perform strongly with sales reaching $15.5 million, up 54.63%. One notable newcomer, LilPudgys, has shown a 1,021.54% increase in sales to $13.5 million.
Azuki and Guild of Guardians Heroes complete the top five, with Azuki being particularly strong with a 179.46% increase in sales.
Top NFT Sales: Data from CryptoSlam
Notable individual sales this week include:
- SuperRare #37380 sold for $425,103 (108.3 WETH)
- Autoglyphs #319 sold for $394,317 (100 WETH)
- BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (1,235.02 SOL)
- CryptoPunks #735 sold for $254,665 (68 ETH)
- Autoglyphs #172 sold for $224,820 (224,820 USDC)
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