NFT Market Sees Robust Recovery; CryptoPunks Soars
The NFT market is on a positive trajectory, with sales soaring to $109.8 million, marking a 4.09% increase. This uptick represents the second straight week of growth after a period of decline.
CryptoPunks led the charge, experiencing a remarkable 136% boost in sales. The market’s resurgence isn’t just about numbers; it’s also about participation. Buyer numbers surged by 53%, reaching 277,059, while sellers spiked by 67% to hit 206,669.
- NFT buyers jumped 53.35%.
- Sellers rose by 67.19%.
- Transactions dipped slightly by 6.65% to 1,630,579.
This growth aligns with the broader crypto market. Bitcoin (BTC) reached $115,000,and Ethereum (ETH) climbed to $4,400. The global crypto market cap is now valued at $4.04 trillion.
Ethereum regained its dominance with $46.4 million in sales, a 42% jump.Wash trading on Ethereum surged by 154.37% to $9.2 million. bitcoin advanced to third place with $10.2 million, growing by 8.44%.
In collections, DMarket tops the list, but CryptoPunks made significant gains, doubling its transactions and buyer count. High-value sales included CryptoPunks #8521, fetching 55.48 ETH ($255,288).
The market’s recovery seems to be gaining momentum, but time will tell if this trend continues.
