NFT Market Shows Steady Growth Amid Crypto Slump
The NFT market has seen a solid increase, with sales climbing 8.13% to $129.1 million. This marks the third straight week of gains, even as the broader crypto market faces challenges.
Market activity has surged, with the number of buyers more then doubling and sellers increasing by 140%. Despite this, NFT transactions have slightly decreased by 7.99%.
While Bitcoin and Ethereum prices have dropped, the NFT market remains resilient. bitcoin is now at $119,000, and Ethereum is at $4,000. The global crypto market cap has fallen to $3.78 trillion.
BNB Chain has risen to second place in blockchain rankings,with a 197.21% growth in sales to $25.5 million. Ethereum still leads with $45.2 million in sales, but with minimal growth.
- Base is third with $13.7 million in sales.
- Mythos Chain is fourth with $11 million.
- Bitcoin is fifth with $7.8 million.
Buyer counts have increased across most blockchains. Ethereum leads with 129.93% growth,followed by BNB Chain at 10.49% and Solana at 38.59%.
Notable collections include Vesting NFT on BNB Chain, DX Terminal on Base, and Moonbirds. High-value sales this week include CryptoPunks and BOOGLE.
For more details, check out CryptoSlam.
