NFT Market Shows Resilience Amid Crypto Decline
Despite the crypto market’s downturn, the NFT sector is holding strong. Sales have risen by 4.5%, reaching $102.8 million. This is a positive shift from last week’s $100.9 million, as reported by CryptoSlam.
Bitcoin’s price has fallen below $83,000, and Ethereum is at $1,800. The global crypto market cap is now $2.71 trillion, down from $2.77 trillion last week. Though, NFTs are showing signs of recovery.
NFT buyers have surged by 28.9% to 451,436, and sellers have grown by 26.5% to 285,272. Yet, transactions have dipped by 2.8% to 1,614,680.
Ethereum Leads NFT Sales
Ethereum remains the top blockchain for NFT sales, with $32 million in transactions, up 19.4%. Polygon follows with $18.1 million, a 33.1% increase. Solana has slipped, with sales down 4.4% to $8.7 million.
Mythos Chain ranks third with $13.7 million in sales, though it’s down 12.8%. Bitcoin’s NFT sales have dropped by 40.7% to $10.1 million.
Wash trading on Ethereum is at $2.6 million, a 9.9% decrease. Courtyard on Polygon leads collections with $15.7 million in sales, up 33.1%. DMarket is second with $8.5 million, down 18.3%.
CryptoPunks has seen the biggest growth, with sales up 141.4% to $6.3 million. The top NFT sale was CryptoPunks #2967, fetching 420 ETH ($843,070).
Other high-value sales include:
- CryptoPunks #6935 for 135 ETH ($271,890)
- CryptoPunks #3007 for 120 ETH ($239,342)
- CryptoPunks #2301 for 115 ETH ($234,959)
- Autoglyphs #364 for 105 ETH ($210,172)
