NFT Market Sees Mixed Results Amid Crypto Recovery
The crypto market has seen a modest recovery, with Bitcoin (BTC) reaching $85,000 and Ethereum (ETH) up 2.4% to $1,600. The global market cap is now $2.69 trillion, up from $2.63 trillion last week.
however, the NFT market sales volume has dropped by 4.7% to $95.9 million. Despite this, market participation has surged. NFT buyers have increased by 96.6% to 252,354,and sellers by 79.2% to 153,892.Transactions have also risen by 10.4% to 1,569,670.
Ethereum remains the leading platform for NFT sales, though its volume has decreased by 38.7% to $21.6 million. Polygon (POL) is in second place with $21.1 million in sales, up 21.5% from last week. Bitcoin has climbed to third with $17.2 million in sales, a 42.2% increase.
- Mythos Chain is fourth with $14.9 million in sales.
- Solana (SOL) is fifth with $6.8 million, up 7%.
Buyer count has increased across all major blockchains. Solana saw the largest growth at 133.7%, followed by Bitcoin at 128.9% and Polygon at 125%.
CryptoPunks, once a top NFT collection, has fallen to sixth place with $1.7 million in sales, an 80.5% drop from last week. Despite this, individual sales from the collection still lead the top NFT transactions.
other high-value sales include SuperRare #10093, which sold for 255 ETH ($419,772).
