NFT Sales Soar 22% to $107 Million as Pudgy Penguins Make a Comeback

The NFT market is witnessing a strong rebound, with sales volume increasing by 22.43% to hit $107.1 million.

According to data from CryptoSlam, the number of NFT buyers has surged by 33.82% to reach 523,950, while sellers have grown by 20.75% to 269,713. Additionally, NFT transactions have risen by 22.68%, totaling 1,711,931.

This resurgence aligns with Bitcoin’s (BTC) price rebounding to approximately $96,000. Meanwhile, Ethereum (ETH) has seen a weekly increase of 1.6%, currently valued at about $1,800. The global cryptocurrency market capitalization has risen to $3 trillion, up from $2.97 trillion the previous week.

Ethereum Retains Its Leading Position

Ethereum continues to dominate blockchain NFT sales, generating $26.3 million, reflecting a 10.03% increase from the prior week. Moreover, Ethereum’s wash trading has decreased by 13.89% to $3.1 million.

Polygon (POL) has climbed to second place, reporting sales of $19.8 million, an impressive 102.45% rise. Mythos Chain takes third place with $14.5 million in sales, despite a slight decline of 3.93%. Bitcoin holds the fourth position with $13.5 million, representing a 7.18% decrease.

BNB (BNB) Chain has entered the top five with $9.5 million in sales, marking a significant 160.48% growth. Solana (SOL) rounds out the list with $9.2 million, showing a modest increase of 3.45%.

Regarding collections, Courtyard on Polygon has regained its leading position with $17.3 million in sales, reflecting a substantial 98.93% increase. This collection experienced a 91.39% rise in transactions and a 91.91% increase in buyers.

DMarket remains in second place with $9.4 million in sales, a decrease of 5.04%. Guild of Guardians Heroes has moved up to third with $5.5 million, showcasing a notable increase of 52.08%.

DKTNFT on BNB Chain ranks fourth with $4.8 million, demonstrating remarkable growth of 334,637.93% in sales and 37,525% in transactions.

CryptoPunks has fallen to fifth place, reporting $3 million in sales, a drop of 16.73%. This collection has faced declines in all metrics, including transactions (18.42%), buyers (58.82%), and sellers (46.15%).

Pudgy Penguins shows signs of recovery in seventh place with $2.4 million in sales, marking a 65.87% increase. The collection noted a rise in transactions (24.10%) and sellers (28.07%), though buyer counts remained stable.

This week’s notable high-value sales include:

• Pudgy Penguins #6873 sold for 200 WETH ($360,238)
• CryptoPunks #6472 sold for 144 ETH ($264,271)
• CryptoPunks #2892 sold for 125 ETH ($231,157)
• BOOGLE #5DmKCchdChjStzLdsRVLMdSYzfB4w1ecdL5 sold for 1,400.02 SOL ($203,520)
• Autoglyphs #168 sold for 85 ETH ($155,713)