NFT Sector Continues to Pump, Sales Volume Jumps by 17.16% to $130.7 Million

Despite the slight pullback in the crypto market, the NFT sector continues to pump, with sales volume jumping by 17.16% to $130.7 million.

The crypto market saw a slight pullback, but the NFT sector continues to pump with sales volume surging by 17.16% to $130.7 million. According to data from CryptoSlam, market participation rebounded strongly, with NFT buyers increasing by 138.96% to 259,264.

Also, NFT sellers grew by 98.69% to 137,347. NFT transactions have decreased slightly by 1.14% to 1,498,668.

As per CoinMarketCap data, Bitcoin (BTC) has dropped to the $103,000 level after hitting $105,000. At the same time, Ethereum (ETH) has shown a 7% recovery in the last seven days and is now at $2,500. The global crypto market cap is $3.29 trillion, down from last week’s $3.33 trillion.

Ethereum sales are up by 21%

Ethereum remains the dominant blockchain for NFTs with $41.3 million in sales, up 21.47% from the previous week. Ethereum’s wash trading decreased by 14.85% to $4.5 million.

Bitcoin has surged to second place with $22.6 million in sales, showing a growth of 53.53%. Polygon (POL) dropped to third place with $14.5 million, dropping 22.85%. Despite this, Polygon’s wash trading surged by 49,260.97% to $1.3 million.

Mythos Chain holds fourth position with $13.3 million, though sales are down 19.62%. Solana (SOL) completes the top five with $8.9 million and showed a 17.31% rebound.

Buyer counts increased across all blockchains, with Bitcoin seeing 275.4% growth, Solana 237.33%, and Polygon 233.6%.

In collection rankings, Courtyard on Polygon maintains its top position despite a 31.02% decline to $11.7 million in sales. The collection saw decreases in all metrics. This includes transactions (29.87%), buyers (17.67%), and sellers (39.82%).

DMarket remains in second place with $8.2 million; however, it fell 28.01%. Bitcoin’s BRC-20 NFTs climbed to third place with $7.1 million and posted a 107.81% increase.

CryptoPunks moved up to fourth place with $7 million in sales and doubled with 97.09% growth. The collection saw increases in transactions (52.94%), buyers (45.83%), and sellers (62.5%).

A newcomer, XSY Deposit on Avalanche (AVAX), entered the rankings in fifth place with $6.8 million. The collection’s sales grew by 469.59%.

Notable high-value sales from this week include: