NFT Sales Soar to $125M as Ethereum Surpasses Polygon

The NFT market is exhibiting signs of recovery, with sales volume rising by 8.17% to $125.1 million, signaling a rebound from last week’s decline.

Bitcoin (BTC) has surged to $107,000. In contrast, Ethereum (ETH) has maintained its stability throughout the week. The global cryptocurrency market cap now stands at $3.29 trillion, reflecting a slight increase from $3.28 trillion the previous week.

According to CryptoSlam, market participation metrics are stable, with the number of NFT buyers holding steady at 1,061,348 (a growth rate of 50.56%), while NFT sellers have increased by 8.09% to 38,494. Additionally, NFT transactions have risen by 1.82%, totaling 1,717,339.

Immutable retains its top position

Immutable (IMX) has cemented its leading role, generating $33.3 million in sales, marking a 15.34% increase from last week.

Ethereum has jumped back to second place, achieving $25.6 million in sales, with impressive growth of 31.77%. Notably, Ethereum’s wash trading has decreased by 14.24%, totaling $1.6 million.

Polygon (POL) has dropped to third place, recording $16.5 million, a decline of 29.42%. The blockchain’s wash trading has plummeted by 97.45%, now at just $34,545.

Mythos Chain retains the fourth position with $14 million, seeing a minor decrease of 1.29%. BNB (BNB) has climbed to fifth place with $9.1 million, demonstrating growth of 16.72%. Bitcoin completes the top six with $8.1 million, up by 2.04%.

Buyer numbers have increased across most blockchains, with Polygon leading at a growth rate of 35.63%, followed by Bitcoin at 23.22% and Mythos Chain at 19.32%.

Guild of Guardians Heroes has regained the top collection ranking, generating $19.3 million in sales, representing a 15.94% increase, benefiting from Immutable’s renewed strength.

Courtyard on Polygon has fallen to second place with $15.4 million, experiencing an 11.43% decline. The collection has seen considerable drops in both buyer (80.14%) and seller (91.83%) counts.

DMarket holds the third position with $8.9 million, down 1.66%. Guild of Guardians Avatars remains fourth with $7.6 million, reflecting a 5.95% increase.

XSY Deposit on Avalanche has re-entered the rankings at fifth place with $6.6 million, unchanged from the previous week, primarily driven by a single buyer and seller. Gods Unchained Cards occupies the sixth position with $6.3 million, showcasing a remarkable increase of 31.24%.

This week’s noteworthy high-value sales include:

• CryptoPunks #1831 sold for 150 ETH ($389,846)
• CryptoPunks #9778 sold for 150 ETH ($377,958)
• CryptoPunks #4868 sold for 76.5 ETH ($201,933)
• CryptoPunks #5586 sold for 70.07 ETH ($185,292)
• CryptoPunks #7516 sold for 60 ETH ($158,378)