NFT Sales Rise 6% to $161.7 Million, Pudgy Penguins Surge 165%

NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165% - 1

In recent reports from CryptoSlam, NFT (non-fungible token) sales have shown a notable increase of 5.98%, reaching $161.7 million. This surge reflects a lively market, with the number of NFT buyers rising by 126.59% to 382,846, and sellers increasing by 124.15% to 341,290. The total NFT transactions also saw a 2.48% uptick, totaling 1,703,436.

Meanwhile, the Bitcoin price continues its downward trend, now hovering around the $106,000 mark. Ethereum has also decreased in value, now standing at $3,800. The overall global cryptocurrency market cap has dipped to $3.62 trillion, down from $3.78 trillion last week. Nonetheless, the NFT market appears to be recovering, highlighted by increased participation.

Key Takeaways

NFT sales volume grew by 6% to $161.7 million, with a significant increase in buyers and sellers.
The Pudgy Penguins collection saw a remarkable 165% rise in sales, capturing the second spot in NFT rankings.
Ethereum regained its dominance as the leading blockchain for NFT sales, totaling $102.67 million.
Overall cryptocurrency market cap decreased to $3.62 trillion, contrasting with the recovering NFT sector.

45.com Leads the Market, Pudgy Penguins Follow

The Ethereum-based collection 45.com has achieved the highest sales, totaling $31.28 million across 9,607 transactions. While attracting 4,980 buyers, the collection had only 5 sellers, resulting in a steady growth rate of 0.00%.

Pudgy Penguins ranks second with $15.61 million in sales, marking a significant 165.38% increase from last week’s $6.63 million.

NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165% - 2 Source: Top collections by NFT Sales Volume (CryptoSlam)

This Ethereum collection recorded 528 transactions, engaging 252 buyers and 220 sellers. The LilPudgys collection also performed strongly, landing at seventh place with $4.60 million and a 27.24% rise.

DX Terminal on Base fell to third place, generating $9.99 million, which is a decrease of 23.84% from last week’s $13.03 million. This collection noted 553,255 transactions with 106,605 buyers and 105,740 sellers.

DMarket retained the fourth position with $8.07 million, up 4.78% from $7.72 million last week, while processing 215,010 transactions. Bored Ape Yacht Club rose to fifth place with $5.47 million, reflecting a 2.78% increase from last week's $5.30 million, with 127 transactions involving 73 buyers and 76 sellers.

Lastly, Moonbirds came in sixth at $5.32 million, down 20.23% from $7.01 million last week, with 481 transactions.

Ethereum Reclaims Leading Position

Ethereum has regained its status as the top blockchain for NFT sales, with a notable increase to $102.67 million, up 23.45% from last week’s $86.46 million. The network accounted for $12.54 million in wash trading, pushing its total to $115.21 million, while attracting 33,535 buyers, an increase of 71.47%.

Base has slipped to second place with $13.20 million, down 13.73% from last week’s $15.56 million. This blockchain recorded $5.03 million in wash trading, with a dramatic rise in buyers by 138.32% to 226,471.

Bitcoin fell to third, reporting $10.11 million, a 27.76% decline from last week’s $14.04 million, with 8,388 buyers, marking a significant increase of 163.11%.

NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165% - 3 Source: Blockchains by NFT Sales Volume (CryptoSlam)

The Mythos Chain maintained the fourth position with $8.23 million, up 5.10% from $12.86 million last week, and attracted 23,647 buyers, a 147.15% increase. BNB Chain entered the rankings at fifth place with $6.51 million, despite a 6.75% decrease. It welcomed 21,523 buyers, reflecting a 234.68% rise.

Solana secured sixth place with $5.40 million, which is down 24.56% from $7.58 million last week, while having 21,884 buyers, an increase of 129.10%.

Notably, Bored Ape Yacht Club #1878 led individual sales at $1.65 million (400 ETH), sold just six days ago. Four CryptoPunks completed the top five collections.