NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn

NFT Transactions Surge 45.57% as Weekly Sales Hit $109M

NFT sales rebounded in the past seven days, climbing 8.1% to reach $109 million. The highest-priced NFT of the week was Cryptopunk #2, which sold for $386,916 yesterday. Solana’s Boogle #089 garnered $191,517 five days ago, while Arbitrum’s GUSDC Locked Deposit #201 was sold for $90,744 two days ago. Ethereum dominated blockchain-based NFT sales, totaling $36.48 million over the week.

Ethereum-based NFT sales saw a 14.04% increase from the previous week. Solana secured the second position with $22.46 million in sales, reflecting a 39.03% growth. Polygon placed third with $19.66 million in sales, a 5.36% decrease. Bitcoin took the fourth spot with $15.72 million in sales, down 14.7%.

Mythos ranked fifth this week with $4.21 million in NFT sales, a 4% decrease from the prior week. Despite this drop, Mythos’ Dmarket NFT collection led in volume, amassing $3.95 million. Pudgy Penguins claimed the second spot for top collections with $3.32 million, followed by Base Ape Polygon with $3.17 million in sales.

Solana’s Dogezuki collection secured fourth place with $3.14 million, while Solana’s Mad Lads collection brought in just over $3 million. The number of NFT buyers increased by 20.93% to 809,923, and the number of sellers rose by 14.05% to 363,190. In total, 2,042,431 NFT transactions were recorded, up 45.57% from the previous week.

What do you think about this past week’s NFT sales? Share your thoughts and opinions about this subject in the comments section below.