NFT Market Shows Strong Recovery, Sales Volume Rises
The NFT market has seen a welcome rebound, with sales volume climbing 8.17% to $125.1 million. This is a significant improvement from the dip last week.
Simultaneously occurring, Bitcoin (BTC) has surged to the $107,000 level, while Ethereum (ETH) has stayed relatively stable over the past week. The global crypto market cap now stands at $3.29 trillion,up slightly from $3.28 trillion the previous week.
Data from CryptoSlam shows that NFT buyer participation remains steady at 1,061,348, marking a 50.56% growth rate. NFT sellers have increased by 8.09% to 38,494,and transactions have risen by 1.82% to 1,717,339.
Immutable Leads the Charge
immutable (IMX) is once again on top, with sales totaling $33.3 million, up 15.34% from the previous week. Ethereum has moved to second place, with sales of $25.6 million, showing a robust 31.77% increase. However, Ethereum’s wash trading has decreased by 14.24% to $1.6 million.
Polygon (POL) has fallen to third place, with $16.5 million in sales, marking a 29.42% decline. The blockchain’s wash trading has also dropped substantially by 97.45% to just $34,545. Mythos Chain maintains fourth position with $14 million, down 1.29%, while BNB (BNB) climbs to fifth with $9.1 million, growing 16.72%.
Key Collections and High-value Sales
Guild of Guardians Heroes is now the top collection, with $19.3 million in sales, up 15.94%. Courtyard on Polygon has slipped to second place with $15.4 million, a decline of 11.43%. DMarket holds third place with $8.9 million, down 1.66%, and Guild of Guardians Avatars remains in fourth with $7.6 million,up 5.95%.
This week also saw some notable high-value NFT sales:
- CryptoPunks
