CryptoPunks Dominate NFT Sales as the Broader Market Records $130.45M in Weekly Volume

New data reported by CryptoSlam shows that the broader NFT market recorded sale volumes worth $130.45 million over the past week, an increase of 2.61%

The broader NFT market saw a slight increase in volume over the past week, while the market experienced a significant surge in NFT buyers, new data from CryptoSlam showed.

According to the data reported by CryptoSlam on May 25, the broader NFT market recorded sale volumes of $130.45 million over the past seven days, an increment of 2.61% from the previous week.

The data further noted that the market experienced an increment of 65.67% in NFT buyers over the past seven days.

Among the largest sales in the last 7D are:CryptoPunk #308 – $174.74K

.Biggest Move: Magic Stix #1 (0.01 ETH Open Sea / 150 ETH Worth) sold for 150 ETH. A new all-time high for the collection and an insane flip from the starting bid.

Metrics from crypto analyst Phoenix Group further built on the above data, revealing that high-value NFT sales, made over the week, concentrated on established NFT collections.

Specifically, CryptoPunks, an Ethereum-based NFT collection, scooped all the top 10 sales positions registered last week between May 18 and May 24.

According to the Phoenix data, CryptoPunk #308 emerged as the highest valuable NFT sales of the week. The virtual collectible was sold for 69 ETH worth $174,740, making it the most expensive NFT sales that week.

The second prominent sale of the week was CryptoPunk #2542, which received 59 ETH equivalent to $154,190. The next one was the sale of CryptoPunk #7138, which amounted to 60 ETH valued at $153,450.

Moving down, CryptoPunk #6479 gained 58.4 ETH, which was equated to $147,070. CryptoPunk #532 took the fifth position among the top 10 NFT sales as it obtained 55.5 ETH worth $142,570.

While CryptoPunk #1761 sold for 53.7 ETH ($142,350), CryptoPunk #704 took the 7th position with 56 ETH ($140,830) sales.

Next is CryptoPunks #8306, which made weekly sales of 54.5 ETH ($140.050) in revenue. Lastly, CryptoPunk #314 made sales valued at 56 ETH ($139,900) while CryptoPunk #7560 sold for 55 ETH (139,790).

Top 5 chains with top NFT sales during the week

Data from CryptoSlam further highlighted the top blockchains with the highest NFT sales over the week. Ethereum maintained its position as the leading blockchain for NFT transactions. From May 18 to May 24, the blockchain witnessed $28.43 million in NFT sales, a decrease of 27.10% from the previous week.

Polygon made a surprise move with its unexpected rise to the second position with $23.15 million in sales and has recorded a solid increase of 67.64%.

Avalanche registered a tremendous climb this week. It has made it to the third position with $22.33 million in NFT sales and has recorded a massive growth of 203.59% from the previous week. Part of the catalysts that boosted these massive sales was FIFA’s migration of its NFT platform to a custom-based blockchain, Avalanche, terminating its partnerships with Polygon and Algorand.

Bitcoin maintained its fourth place with $17.69 million in sales, a decrease of 22.21% from the previous week. Mythos Chain wrapped this list with sales worth $13.83 million, an increase of 1.02%.