NFT Sales Surge 12% to $67.7 Million; Ethereum Sales Jump 45%

According to data from CryptoSlam, the sales volume for NFTs has increased by 12.03%, reaching $67.76 million, up from $64.95 million the previous week. The NFT market is seeing a revival, with a notable rise of 49.30% in buyers, totaling 231,210, and a 43.43% increase in sellers, reaching 164,944. The total number of NFT transactions remained stable, dipping slightly by 0.16% to 910,892.

Key Takeaways:

NFT sales increased by 12.03% to $67.76 million.
Ethereum saw a dramatic 45.56% growth in sales, leading the NFT market.
Milady Maker emerged as the top-selling NFT collection, while DMarket experienced a decline.
The global cryptocurrency market cap decreased to $2.99 trillion, contrasting with the NFT sector's resilience.
Ethereum dominated NFT sales, outperforming competitors like BNB Chain and Bitcoin.

NFT sales rise, Ethereum recover

Despite this positive trend in the NFT market, the broader cryptocurrency market faced challenges as Bitcoin's price dropped to the $88,000 mark amid renewed selling pressures. Ethereum also fell below the $3,000 threshold, currently trading at around $2,900, continuing its recent downward trajectory. The global cryptocurrency market capitalization now sits at $2.99 trillion, down from $3.07 trillion last week. In contrast, the NFT market has demonstrated resilience with improved sales and market participation.

Milady Maker Takes the Lead; DMarket Declines

In a significant development, Milady Maker on Ethereum took the top spot in NFT sales, generating $3.68 million from just 217 transactions involving only 10 buyers and 1 seller. DMarket, part of the Mythos blockchain, fell to second place with $3.09 million in sales, reflecting a 30.75% drop from last week's $4.50 million. This collection had 81,970 transactions, 8,685 buyers, and 7,349 sellers.

Courtyard on Polygon surged to third place, recording $2.97 million in sales, a 36.57% increase from the previous week’s $2.18 million, with 51,199 transactions, 8,630 buyers, and 2,060 sellers.

NFT sales rise 12% to $67.7M, Ethereum sales spike 45% - 1

Pudgy Penguins climbed to fourth place, achieving $2.21 million, a 63.66% increase, with 162 transactions involving 91 buyers and 89 sellers. In fifth place, the Guild of Guardians Heroes on Immutable-Zk recorded $2.20 million in sales, reflecting a 23.48% increase from $1.78 million last week, with 1,753 transactions. YES BOND on the BNB blockchain secured sixth place at $2.12 million, rising 3.82% from $2.04 million, with 1,935 transactions. The Bored Ape Yacht Club rounded out the top seven, reaching $1.67 million, a 14.67% increase with 113 transactions that included 64 buyers and 70 sellers.

Ethereum Shows Strong Growth; Solana Experiences Decline

Ethereum led the NFT market with sales totaling $28.06 million, marking a significant 45.56% increase from the previous week's $23.93 million. The network also registered $3.32 million in wash trading, bringing its combined total to $31.38 million, with a 19.84% rise in buyers, totaling 14,433.

The BNB Chain maintained its second position with $9.62 million in sales, a slight decline of 1.60% from last week’s $9.44 million, and recorded $102,118 in wash trading. Buyer numbers surged by 106.21% to reach 30,104. Bitcoin secured third with $7.38 million, up 4.50% from $6.10 million last week, reflecting a 93.52% increase in the number of buyers to 6,874.

NFT sales by blockchain

Polygon rose to fourth place, achieving $4.12 million, a 30.43% increase from $3.12 million last week. The blockchain also showed $6.36 million in wash trading, bringing its total sales to $10.49 million, with buyers increasing by 54.95% to 43,010. Meanwhile, Solana fell to fifth position with $3.96 million in sales, down 25.06% from $5.54 million, despite a 77.68% increase in buyers to 26,455. The Mythos Chain placed sixth with $3.22 million, dropping 29.41% from last week's $4.64 million, but attracting 22,277 buyers (up 62.36%). Immutable secured seventh with a slight increase to $3.19 million, up 0.27%, while buyer numbers jumped 98.10% to 3,655. Lastly, Base landed in eighth place with $2.03 million in sales, representing a 6.21% decrease but with 74,077 buyers, an increase of 27.65%.