NFT Market Overview
Recent figures from CryptoSlam reveal a noteworthy uptick in the NFT market, with sales increasing by 9.78%, reaching a total of $77.04 million compared to the prior week’s figure of $72.53 million. An overall rise in market activity is evident; the number of NFT buyers has skyrocketed by 25.34%, culminating in 397,409 individuals, while the seller count rose by 15.56% to 349,725. The volume of transactions experienced phenomenal growth, soaring by 42.96% to an impressive 1,398,844 transactions.
Cryptocurrency Market Recovery
In parallel, the cryptocurrency market is witnessing a recovery as Bitcoin’s (BTC) price rebounded to around $90,000, bouncing back after a recent downturn. Similarly, Ethereum (ETH) has also surged past the $3,000 threshold. The total capitalization of the global crypto market now stands at $3.09 trillion, up from last week’s $2.87 trillion.
Top NFT Sales
At the forefront of NFT sales, Algebra Positions NFT-V2 on the Ethereum blockchain secured the top spot, generating $9.60 million in sales—a striking increase of 34.82% from the previous week’s $7.26 million. This collection recorded 496 transactions involving 163 buyers and 109 sellers.
Following closely, DMarket on the Mythos blockchain took second place with $7.77 million in sales, marking a 17.78% rise from $6.67 million last week, and tallied 206,347 transactions with over 15,000 buyers.
DX Terminal on Base made significant strides, rising to third place with astonishing gains of 456.03%, totaling $2.91 million in sales from its previous performance. Meanwhile, CryptoPunks climbed into fourth position with revenue of $2.73 million, up 17.67% from the prior week.
However, Pudgy Penguins slipped to fifth place, recording $2.68 million, down 2.30% from last week’s $2.76 million. Courtyard on Polygon has also experienced a decline, falling to sixth place with sales reaching $2.45 million, a drop of 18.17%. Lastly, Guild of Guardians Heroes closed out the top seven with a slight increase to $2.04 million, reflecting an 11.34% growth from the previous week.
Blockchain Performance
When considering overall blockchain performance, Ethereum maintained its dominance with $31.86 million in sales, up 6.55%. This was partly attributed to $5.08 million noted in wash trading, summing up to a total of $36.95 million. The Mythos Chain showcased a remarkable 18.34% increase to $7.91 million, while BNB Chain saw a drop of 20.87% to $7.30 million. Bitcoin maintained fourth place with $6.27 million, up 5.38% despite a previous decline. Base recorded a notable surge of 201.03% to $5.86 million, while Solana and Polygon showed mixed results.
