NFT Market Sees Strong Growth Amid Crypto Slump
NFT sales have surged, reaching $161.7 million, according to CryptoSlam data. This marks a 5.98% increase. Ethereum leads with $102.7 million in sales, reclaiming its top spot.
Market participation is on fire.The number of NFT buyers jumped by 126.59% to 382,846. Sellers also rose by 124.15% to 341,290. Transactions increased by 2.48% to 1,703,436.
Despite this, Bitcoin and Ethereum prices continue to fall. Bitcoin is now at $106,000, and Ethereum is at $3,800. The global crypto market cap has shrunk to $3.62 trillion from $3.78 trillion last week. However, the NFT sector shows signs of recovery.
Key collections are performing well. 45.com leads with $31.28 million in sales. Pudgy Penguins follows with $15.6 million, up 165% from last week.
- 45.com: $31.28 million in sales
- Pudgy Penguins: $15.61 million, up 165.38%
- LilPudgys: $4.60 million, up 27.24%
Ethereum regained dominance with $102.67 million in sales, up 23.45%. Base fell to second with $13.20 million, down 13.73%. Bitcoin dropped to third with $10.11 million, a 27.76% decrease.
Individual sales also highlight the market’s strength. Bored Ape Yacht Club #1878 sold for $1.65 million. Four CryptoPunks also made meaningful sales.
For more details, check the CryptoSlam data.
