The NFT market continues its downward trend despite a minimal crypto price recovery, with Bitcoin stabilising at a maximum of $84,000 and Ethereum stabilising at $1,900.
Global crypto market capitalization reached $2.77 trillion, up from $2.73 trillion last week.
NFT sales fell to $109.9 million, down 5.34% from the previous week, according to Cryptoslam data. Despite declining sales, market participation indicators show strong growth in both buyers and sellers.
Weekly metrics revealed:
- NFT sales fell from $99.1 million to $109.9 million
- NFT buyers rose to 70.97% to 350,146
- NFT sellers rose 68.57% to 225,465
- NFT transactions increased by 16.90% to 1,696,996
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Bitoin NFT sales have had the most impact
Ethereum (ETH) NFT sales continued to decline by 13.03% to $27.7 million. However, the number of buyers rose 42.17% to 44,850. Data shows Wash Trading fell 6.53% to $2.8 million.
Bitcoin (BTC) ranked second overall, facing an even sharper decline of 30.69%. The network saw a rise in buyer participation from 63.67% to 31,251.
Mythos Chain moved in the opposite direction, with a modest 3.12% increase to $15.6 million, taking third place. Polygon (POL) fell 5.81% to $13.3 million in its fourth position, while Solana (SOL) fell 5.25% to $9.4 million, closing the top five.
Cryptopunks falls to 6th place
Courtyard remained key position with sales of $11.5 million, despite a 6.95% decline. In polygon-based projects, the volume of transactions increased by 4.76% to 100,285.
DMARKET rose 4.44% to second place at $10.4 million, maintaining strong volume with 333,211 transactions. The Guild of Guardian heroes remained stable in third place at $5.6 million, recording an impressive 159.46% growth.
Good Vibes Club ranked 4th in fourth, up 264.67%, while the BRC-20 NFTS continued to lose its position in fifth place at $3.2 million, dropping 43.57%. Cryptopunks fell 15.52% at $2.6 million, falling to sixth place.
Notable sales this week include:
- Cryptopunks #6634: $431,243 (222.5 ETH)
- Azuki #641: $209,021 (110 Weth)
- Autoglyphs #166: $198,308 (103 ETH)
- Autoglyphs #275: $189,198 (100 Weth)
- Autoglyphs #402: $188,475 (99.9 ETH)
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