The NFT market recorded a sales volume of $122.5 million over the past week, an increase of 101.61% compared to the previous period.
Summary
- Weekly NFT sales jumped 101.6% to $122.5 million despite broader weakness in the crypto market.
- Ethereum led with $77.6 million in sales, up 179%, while Bitcoin jumped 127% to $21.7 million.
- A $13.7 million Bitcoin BRC-20 NFT sale set a new weekly high for the market.
NFT buyers soared 38.75% to 187,288, while sellers jumped 47.19% to 164,685. Trading volume increased 7.99% to 702,526.
This comes at a time when Bitcoin has returned to the $89,000 level, while Ethereum has fallen below the $3,000 mark.
The global crypto market cap now stands at $3.02 trillion, down from last week’s $3.22 trillion. Despite this broader market weakness, the NFT sector saw strong gains, with weekly sales volume more than doubling.
Ethereum leads with $77.5 million growth
Ethereum (ETH) led all blockchains with $77.57 million in NFT sales, a 179.42% jump over a seven-day period.
The network attracted 23,994 buyers, up 38.03% from the previous week. Wash trading on Ethereum totaled $4.63 million during this period.
Bitcoin (BTC) secured second place among blockchains with $21.66 million in sales, up 126.61% week-over-week. The network attracted 8,333 buyers, up 60.71% compared to the previous period.
BNB Chain (BNB) ranked third with $7.52 million in sales, down 3.20% despite buyer activity increasing 68.29% to 24,784.
Immutable (IMX) fell to fourth place with $3.70 million in sales, down 10.98%, while Base ranked fifth with $3.55 million, up 88.69%.
Solana (SOL) rounded out the top six blockchains with $3.32 million in sales, posting an 8.85% gain and attracting 30,235 buyers who jumped 84.73% from last week.
Flying Tulip PUT takes first place in the collection
Flying Tulip PUT on Ethereum topped the collection chart with $51.57 million in sales, showing stable week-over-week performance. The collection processed 2,103 transactions from 1,516 buyers.
$X@AI BRC-20 NFTs on Bitcoin took second place with $15.71 million in sales, up 687.41% over the week. The collection only made nine transactions from seven buyers.
YES BOND on BNB Chain ranked third with $4.18 million in sales, up 28.15%. CryptoPunks took the fourth position with $4.01 million in sales, recovering 46.74% after last week’s 23.81% drop.
Guild of Guardians Heroes recorded revenue of $2.31 million, up 7.41%, while Moonbirds recorded $1.91 million, up 69.75%. Pudgy Penguins rounded out the top seven with revenue of $1.82 million, down 4.72 percent.
Top NFT Sales Reached $13.7 Million
The highest sale of the week shattered previous records as a $X@AI BRC-20 NFT on Bitcoin sold for $13.73 million (153.5837 BTC) just a day ago.
Two additional $X@AI coins followed, reaching $1.01 million (11.2771 BTC) two days ago and $895,348 (10.0001 BTC) three days ago.
CryptoPunks earned two spots among the top five individual sellers.
- CryptoPunks #9901 sold for $382,027 (120 ETH) four days ago.
- CryptoPunks #3077 made $325,678 (107.5 ETH) two days ago.
