NFT Sales Surge to $109.8 Million: CryptoPunks Post 136% Increase

The NFT (non-fungible token) market has seen promising growth, with sales jumping 4.09% to reach $109.8 million. This marks the second consecutive week of sales increases following prior weeks of declining numbers.

Key Takeaways

NFT market sales rose to $109.8 million, up 4.09%.
Active NFT buyers increased by 53.35%, reaching 277,059.
Ethereum regained its leading sales position with $46.4 million.
CryptoPunks saw a significant increase of 136.83% in sales.
Overall crypto market cap rose to $4.04 trillion.

NFT Sales Surge to $109.8 Million: CryptoPunks Post 136% Increase - 1

According to data from CryptoSlam, buyer activity has rebounded significantly, with NFT buyers increasing by 53.35% to a total of 277,059. Additionally, the number of NFT sellers has risen by 67.19% to 206,669. However, it’s worth noting that NFT transactions have dropped by 6.65% to 1,630,579. This resurgence coincides with Bitcoin’s recovery to the $115,000 mark and Ethereum’s rise to approximately $4,400. The global cryptocurrency market capitalization has also increased to $4.04 trillion, up from last week’s figure of $3.81 trillion.

Ethereum Regains Its Leading Position

Ethereum has regained its dominance in the NFT space, with sales reaching $46.4 million, a substantial rise of 42% from the previous week. Moreover, Ethereum's wash trading has increased dramatically by 154.37% to $9.2 million.

Mythos Chain remains in second place with $12.2 million, albeit with a 16.29% decrease. Bitcoin follows in third with $10.2 million, reflecting an 8.44% increase.

NFT Sales Surge to $109.8 Million: CryptoPunks Post 136% Increase - 2

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Immutable ranks fourth with $8.5 million in sales, showing a slight decline of 0.10%. BNB Chain sits in fifth place with $8.4 million, which is a drop of 18.33%. Solana has climbed to sixth with $7.5 million, enjoying a rise of 41.01%, while Polygon has fallen to seventh with $5.6 million, down 59.09%.

Overall, the buyer count has increased for most blockchain platforms, with Immutable leading this charge at a growth rate of 146%. Mythos Chain follows at 135.35%, and Polygon shows a healthy 122% increase.

DMarket continues to lead in collection sales with $7.1 million, although it has seen a decrease of 23.16%. The gaming marketplace has experienced declines across all key metrics, including transactions (down 21.24%) and buyers (down 27.62%).

CryptoPunks Experience Major Sales Growth

CryptoPunks has jumped to second place with sales of $7 million, showing a remarkable 136.83% increase. This collection has more than doubled its transactions (up 146.15%) and buyers (up 100%), with sellers growing by 136.36%.

The Guild of Guardians Heroes collection holds third place with $4.8 million, showing minimal growth at 1.20%. Meanwhile, Courtyard on Polygon has dropped to fourth with sales of $4.7 million, experiencing a significant decline of 62.86%.

Moonbirds sit in fifth place with $4.6 million, enjoying a surge of 141.12% with substantial increases in transactions (up 148.99%) and buyers (up 93.48%).

Bored Ape Yacht Club is now among the top six, achieving $4.4 million in sales, which marks a 78.76% increase. This collection has seen its transactions more than double (an increase of 108.33%) and a nearly doubling of buyers (up 93.33%).

Notable high-value sales from this week include: