NFT Sales Rise 10% to $136.5 Million, CryptoPunks Sees 26% Increase

The NFT market experienced significant growth with a 10.44% rise in sales volume, reaching $136.5 million, marking two consecutive weeks of increased activity. This surge coincides with substantial gains in the prices of Bitcoin and Ethereum, along with stable buyer participation in the market.

Key Takeaways

Sales Growth: NFT sales volume has risen to $136.5 million, a 10.44% increase.
Bitcoin and Ethereum Performance: Bitcoin's price has risen to around $108,000, while Ethereum has seen a 3.6% increase.
Market Stability: Buyer metrics remain stable, with NFT buyers holding steady and an increase in sellers.
Leading Platforms: Immutable maintains dominance in sales, followed by Polygon and Ethereum.
Top Collections: Guild of Guardians Heroes remains the top collection, while CryptoPunks shows notable growth.

NFT sales jump 10% to $136.5m, CryptoPunks shows 26% pop

Main Article

The non-fungible token (NFT) market has seen a substantial increase of 10.44% in sales volume, now totaling $136.5 million. This growth marks the second consecutive week of positive activity in the NFT sector.

Recent data indicates that this surge is unfolding alongside a rise in Bitcoin's price, which has reached approximately $108,000. Additionally, Ethereum has experienced a 3.6% increase over the past week, contributing to an overall global crypto market cap of $3.33 trillion, up from last week’s $3.21 trillion.

According to information from CryptoSlam, metrics concerning market participation show stability, with the number of NFT buyers remaining steady at 1,061,348, reflecting a growth rate of 50.56%. Meanwhile, the number of NFT sellers increased by 8.09%, totaling 38,494. However, the number of NFT transactions decreased by 19.72%, totaling 1,357,295.

Sales Leaderboard

Immutable continues to dominate the NFT space with $43.9 million in sales, indicating a 30.27% rise week-over-week. Notably, the blockchain has virtually nonexistent wash trading, reported at just $6.

Following Immutable, Polygon has experienced a significant increase, achieving $25 million in sales—a 51.53% growth. Its wash trading, however, saw a massive spike of 1,573.33%, totaling $564,363.

Ethereum holds the third position in sales, with $22.5 million, although it has seen a decline of 8.63%. In this period, Ethereum's wash trading rose by 15.54% to reach $1.9 million.

Mythos Chain remains in fourth place with $14.4 million, reflecting a slight increase of 2.16%. BNB Chain (BNB) holds steady in fifth with $9.1 million, showing a minimal decline of just 0.13%. Bitcoin ranks sixth with $8.7 million, marking a growth of 12.70%.

A positive trend is observed in buyer counts across most blockchains, with Polygon leading the charge at a growth rate of 35.63%. Bitcoin follows with 23.22%, and Mythos Chain comes in at 19.32%.

Top Collections

In collection rankings, Guild of Guardians Heroes holds the top spot, generating $26.8 million in sales, which represents a 37.72% increase. This gaming collection continues to thrive, supported by the strength of the Immutable blockchain.

Following closely, The Courtyard on Polygon has risen to second place, boasting $18.9 million in sales, which equates to a 22.53% growth. This collection has seen a 16.22% increase in buyers, while sellers have decreased by 6.65%.

The Guild of Guardians Avatars ranks third with $9.7 million, reflecting a 24.19% growth. DMarket comes in fourth with $9.2 million, up by 3.61%. Lastly, Gods Unchained Cards completes the top five with sales of $7.2 million, marking an increase of 15.19%. Notably, this indicates that three Immutable-based gaming collections are currently leading the rankings.

CryptoPunks has ascended to ninth place with $2 million in sales, showcasing a healthy increase of 26.36%. This collection has demonstrated growth across various metrics, including a 25% increase in transactions, 12.50% in buyers, and 14.29% in sellers.

Upcoming Sales and Trends

Significant high-value sales this week have captured the market's attention, highlighting the ongoing interest and investment in NFTs as the crypto landscape evolves.