NFT Sales Report: Minor Decline to $65.5 Million, Ethereum Sales Drop 24%

NFT sales volume has seen a slight decrease of 0.47%, dropping to $65.58 million compared to the previous week's $67.76 million, according to data from CryptoSlam. Despite this minor drop in sales volume, market activity remains robust, with the number of NFT buyers increasing by 26.31% to reach 292,030, and sellers increasing by 24.44% to 205,205. The total NFT transactions stayed nearly stable, decreasing slightly by 0.95% to 869,747.

Key Takeaways

NFT sales volume slightly declined to $65.58 million.
NFT buyer and seller activity increased significantly.
DMarket leads in sales with a surge of 72.49%.
Ethereum sales fell by 23.92%, while Bitcoin's sales surged by 70.52%.
Key individual NFTs sold recently include a BTC Domain for over $362,000.

NFT Sales Report

DMarket Takes the Lead with Bitcoin BRC-20 Surge

DMarket, located on the Mythos blockchain, has regained its place at the top with sales amounting to $5.32 million, a significant rise of 72.49% from last week’s $3.09 million. This collection recorded 142,989 transactions involving 10,681 buyers and 9,007 sellers.

In second place is Courtyard on Polygon, which achieved $4.99 million in sales, marking a 66.58% increase from the previous week’s $2.97 million. This collection saw 67,082 transactions with 10,039 buyers and 2,192 sellers.

Bitcoin’s BRC-20 NFTs surged into third place with $3.45 million, an impressive increase of 335.14%. This collection had 2,100 transactions involving 822 buyers and 602 sellers, pointing to a growing interest in Bitcoin NFTs.

CryptoPunks climbed to the fourth position with sales of $2.51 million, a 68.62% increase from last week’s $1.77 million, characterized by 30 transactions involving 25 buyers and 19 sellers. Milady Maker slipped to fifth with sales of $2.26 million, a decline of 42.01% from last week’s $3.68 million, seeing only 130 transactions with 2 buyers and 1 seller. YES BOND on BNB rounded out the top six, achieving $2.15 million in sales, reflecting minimal growth of 0.25% from last week's figure of $2.12 million, with 1,643 transactions.

Market Dynamics: Bitcoin Gains While Ethereum and Solana Slip

Ethereum remains the leader in sales, generating $20.88 million, though this represents a 23.92% decline from last week’s $28.06 million. The network recorded $3.55 million in wash trading, bringing the total to $24.43 million, while the number of buyers increased by 37.19% to 19,798.

Bitcoin’s market performance resulted in second place with $12.12 million, showing a rise of 70.52% from last week's $7.38 million, accompanied by $45,552 in wash trading and a 44.08% increase in buyers to 9,904.

BNB Chain saw a decrease, dropping to third with sales of $7.77 million, down 18.84% from the prior week's $9.62 million, although buyers increased by 41.76% to 42,673 and wash trading accounted for $20,584.

Polygon secured fourth place with $6.06 million, reflecting a rise of 44.33% from last week's $4.12 million, boosted by $10.59 million in wash trading, culminating in a total of $16.65 million. Mythos Chain climbed to fifth with sales of $5.46 million, up 72.71% from last week’s $3.22 million, attracting 27,248 buyers, a 22.32% increase. Immutable held sixth at $3.20 million, with only a slight decline of 0.88% from last week's $3.19 million, but buyer numbers jumped 38.96% to 5,079. Solana fell to seventh with $2.93 million, down 23.03% from last week’s $3.96 million, despite having 34,242 buyers, an increase of 29.43%.

Leading Sales: Bitcoin BRC-20 NFTs Dominate

Among the top NFT sales, two BRC-20 NFTs are leading:

BTC Domain #372a75d6671ec00a1337f33999fb75acf9 sold for $362,729.32 (4.1293 BTC) six days ago.

Additionally, two CryptoPunks completed the top five in sales.

In conclusion, the NFT market is showing a complex mix of growth and decline, with Bitcoin making significant gains while Ethereum and Solana face drops in their sales volume.