NFT sales will drop from 4.7% to $95.9 million, while Cryptopunks sales will drop by 80%

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Despite a modest recovery in the crypto market, sales in the NFT market fell 4.7% to $95.9 million.

Bitcoin (BTC) has recovered to a level of $85,000. At the same time, Ethereum (ETH) has shown a modest 2.4% recovery over the last seven days, hovering at the $1,600 level. Global crypto market capitalization went from $2.63 trillion last week to $2.69 trillion.

Surprisingly, while sales are declining, NFT buyers have increased by 96.6% to 252,354, with market participation surged. NFT sellers also increased by 79.2% to 153,892.

NFT transactions increased 10.4% to 1,569,670 over this period.

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Ethereum maintains its dominant position

According to Cryptoslam data, the Ethereum blockchain remains positioned as a major platform for NFT sales. However, that volume fell 38.7% to $21.6 million. Ethereum’s washing transaction also fell 23% to $2.1 million.

NFT sales will decline from 4.7% to $95.9 million, crypto plant sales will decline by 80%-1

Source: Blockchain based on NFT sales volume (Cryptoslam)

Polygon (POL) strengthened its second-place position with $21.1 million sales, up 21.5% from the previous week. Bitcoin rose to third place with $17.2 million sales, showing a 42.2% increase.

Mythos Chain currently holds its fourth position with $14.9 million sales, with an improvement of 5.4%. Solana (Sol) rounded out the top five with $6.8 million, recovering 7% from its previous performance.

Buyer count is growing across all major blockchains, with Solana seeing the biggest growth at 133.7%, followed by Bitcoin at 128.9%, and polygon at 125%.

Cryptopunks Sales Plunge 80%

Polygon’s Courtyard has maintained its first position in the collection rankings, up 24.6% from last week to $19.5 million in sales. Dmarket ranked second at $9.7 million, an 8.8% increase.

Guild of Guardian Heroes ranked third with $3.8 million sales, up 3.6%. Bitcoin’s BRC-20 NFT ranked fourth at $3.6 million, surged 42.1%.

The most notable changes to the ranking include crypto plants. Considered one of the most iconic NFT collections on the Ethereum blockchain, Cryptopunks ranked sixth in sales of just $1.7 million. This is an 80.5% collapse from the previous week’s $9.1 million. The collection also saw a decline in transactions (51.2%), buyers (56.6%) and sellers (59.4%).

Despite the overall slump of Cryptopunks, individual sales from this collection still lead the top NFT transactions. Four of the top five NFT sales at the highest priced were crypto plants. However, the top spot was sent to Superrare #10093, which sold for 255 ETH ($419,772).

Other notable high value sales include: