The cooldown in the NFT market continues as the overall crypto market cap rose to $3.6 trillion from $3.42 trillion last week, according to CoinMarketCap data.
CryptoSlam data shows NFT sales fell 17.54% this week to $132.7 million. That’s down significantly from last week’s sales of $152 million. However, the greater participation of traders in the market indicates that interest continues at low price levels.
Market activity gives mixed signals:
NFT sales volume dropped to $132.7 million from $152.7 million last week Dropped to 1,326,111 Major blockchain networks see mixed results
Ethereum (ETH) NFT sales fell 25.72% to $56 million, but the number of buyers increased 14.35% to 72,241. Wash trading on Ethereum fell 42.38% to $13.5 million.
Bitcoin (BTC) NFTs moved against the trend, with sales rising 8.38% to $30.3 million. The network attracted 67,423 buyers, up 13.68% from the previous week.
Source: NFT Blockchains by Sales Volume (CryptoSlam)
Mythos Chain rose to third place with sales of $11.8 million, a growth of 3.63%. Although Solana (SOL) had the highest number of buyers with 234,220, its sales dropped 57.91% to $9.4 million, falling to fourth place.
Immutable (IMX) rounded out the top five with sales of $8.2 million, up 2.67% with 18,350 buyers.
Collection rankings show big changes
Despite the low number of buyers, Azuki ranked first with sales of $9.4 million, growing by 3.13%. DMarket follows with $6.7 million in sales, showing 7.72% growth and maintaining high transaction volume with 240,918 transactions.
BRC-20 NFTs are in third place with $5.8 million despite a decline of 11.33%. Guild of Guardians Heroes grew 13.74% to $5.7 million, while Pudgy Penguins fell to fifth place with $5.3 million, down 57.64%, with sharp declines in buyers and transactions.
NFT collectible rankings: data from CryptoSlam
The best sellers of the week were:
CryptoPunks #5192: $192,556 (53.69 ETH) CryptoPunks #7942: $154,075 (45 ETH) CryptoPunks #9208: $153,677 (45.99 ETH) CryptoPunks #5203: $153,580 (44.7 ETH) ETH) CryptoPunks #7210: $147,498 (42.93 ETH)