Despite the overall market's decline, the non-fungible token (NFT) market is showing resilience

Bitcoin's price has dropped below $83,000 in the last seven days. At the same time, Ethereum is hovering at the $1,800 level.

Despite the overall market’s decline, the non-fungible token (NFT) market is showing resilience, with sales volume increasing slightly by 4.5% to $102.8 million.

At a glance:

Bitcoin price hovers below $83k

The global crypto market cap is now at $2.71 trillion

This week’s NFT sales volume is $102.8 million

The number of NFT buyers has surged by 28.9%

The total number of NFT transactions decreased by 2.8%

According to CryptoSlam data, last week’s NFT sales volume came in at $98.4 million, so this week’s figure represents a mild recovery for the sector.

At the same time, NFT buyers have increased dramatically by 28.9% to 451,436, while NFT sellers have grown by 26.5% to 285,272. However, NFT transactions have decreased slightly by 2.8% to 1,614,680.

Ethereum maintains dominant position

The Ethereum (ETH) blockchain continues to hold the dominant position with $32 million in sales, showcasing a 19.4% increase from last week.

Polygon (POL) has secured the second position with $18.1 million in sales volume and a strong 33.1% increment. This pushes Solana (SOL) down in the rankings, as Solana’s sales have dropped by 4.4% to $8.7 million.

Mythos Chain ranks third with $13.7 million in sales, despite experiencing a 12.8% decrease from the previous week. Bitcoin (BTC) follows in fourth place with $10.1 million, with a 40.7% drop in NFT sales volume.

Ethereum continues to account for the majority of wash trading at $2.6 million, though this figure has decreased by 9.9% from the previous week.

In terms of collections, Courtyard on Polygon has taken the top spot with $15.7 million in sales and a 33.1% increase. DMarket has moved to second place with $8.5 million, showing a decrease of 18.3% from last week.

CryptoPunks has seen the most notable growth, with sales surging by 141.4% to $6.3 million. This collection’s success is further highlighted by the top individual NFT sale of the week – CryptoPunks #2967 sold for 420 ETH ($843,070).

Guild of Guardians Heroes ranks fourth with $5.5 million in sales, which is a slight decrease of 1.8%. Bitcoin’s BRC-20 NFTs round out the top five with $2.7 million in sales, showing a decrease of 19% from the previous week.

Other notable high-value sales in the last seven days include: