The NFT market has continued its downward trend despite minimal crypto price recovery, with Bitcoin nudging up to $84,000 and Ethereum holding steady at $1,900.
The global crypto market cap has moved up to $2.77 trillion from last week’s $2.73 trillion.
According to CryptoSlam data, NFT sales volume has fallen to $100.9 million, marking a 5.34% decline from the previous week. Despite the sales drop, market participation metrics show strong growth in both buyers and sellers.
The weekly metrics reveal:
- NFT sales volume fell to $100.9 million from $99.1 million
- NFT buyers climbed 70.97% to 350,146
- NFT sellers rose 68.57% to 225,465
- NFT transactions increased 16.90% to 1,696,996
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Bitoin NFT sales affected the most
Ethereum (ETH) NFT sales continued to struggle with a 13.03% drop to $27.7 million. However, buyer numbers grew 42.17% to 44,850. As per the data, wash trading decreased 6.53% to $2.8 million.
Bitcoin (BTC) faced an even steeper decline of 30.69% to $16.3 million, though it maintained second place overall. The network saw buyer participation rise 63.67% to 31,251.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Mythos Chain moved in the opposite direction with a modest 3.12% gain to $15.6 million, holding third place. Polygon (POL) fell 5.81% to $13.3 million in fourth position, while Solana (SOL) saw a 5.25% drop to $9.4 million, rounding out the top five.
CryptoPunks drops to sixth place
Courtyard maintained its leading position with $11.5 million in sales, though it was down 6.95%. The Polygon-based project saw transaction volume grow by 4.76% to 100,285.
DMarket climbed to second place with $10.4 million, up 4.44% and keeping strong volume with 333,211 transactions. Guild of Guardians Heroes held steady in third with $5.6 million, posting impressive growth of 159.46%.
Good Vibes Club remained fourth with $4.0 million, up 264.67%, while BRC-20 NFTs continued to lose ground in fifth with $3.2 million, falling 43.57%. CryptoPunks dropped to sixth place with $2.6 million, down 15.52%.
Notable sales this week included:
- CryptoPunks #6634: $431,243 (222.5 ETH)
- Azuki #641: $209,021 (110 WETH)
- Autoglyphs #166: $198,308 (103 ETH)
- Autoglyphs #275: $189,198 (100 WETH)
- Autoglyphs #402: $188,475 (99.9 ETH)
Read more: Coinbase in ‘advanced’ talks to acquire Deribit: report
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