NFT sales volume recorded a minor drop, inching downward by 0.47% to $65.58 million from its $67.76 million last week.
In the data released by CryptoSlam, market participation also experienced a strong rebound, with NFT buyers rising by 26% to 292,030 and sellers rising by 24% to about 205,205. NFT transactions remained nearly unmoved, dropping by around 0.95% to 869,747.
NFT sales experience a slight dip
In terms of collections by sales volumes, DMarket on the Mythos blockchain retook the first position, recording $5.32 million in sales, a rise of 72% from last week’s $3.09 million. The collection also processed 142,989 transactions with about 10,681 buyers and 9,007 buyers.
Courtyard on Polygon moved to the second position at $4.99 million, a jump of 66.58% from last week’s $2.97 million. The collection recorded more than 67,000 transactions with 10,039 buyers and 2,192 sellers.
BRC-20 NFTs on Bitcoin snagged the third position with $3.45 million, posting a huge 335.14% rise from the previous week. The collection recorded more than 2,000 transactions, seeing 822 buyers and 602 sellers. The development highlighted the momentum that is presently in the Bitcoin NFT marketplace.
Meanwhile, CryptoPunks jumped to fourth, recording $2.51 million, a rise of 68.62% from last week’s $1.77 million. The Ethereum collection recorded 30 transactions.
Milady Maker was one of the few that experienced a huge decline, dropping to fifth after shaving off 42% from last week’s $3.68 million to register a sales volume of $2.26 million. The collection recorded only 130 transactions with just two buyers and a seller.
YES BOND on BNB took the sixth place, posting a growth of 0.25% to register a $2.15 million volume. The figure is up from last week’s $2.12 million. The collection recorded about 1,643 transactions in the past week.
Bitcoin surges as Ethereum and Solana see red
In terms of network, Ethereum held on to its first position with $20.88 million in sales. The figure was down 23.92% from last week’s $28.06 million. The network recorded $3.55 million in wash trading, bringing its total figure to around $24.43 million. Buyers also climbed by 37.19% to 19,798.
Bitcoin moved to second place with $12.12 million, seeing a surge of 70.52% from last week’s $7.38 million. The blockchain saw $45,552 in wash trading, with buyers jumping by 44.08%.
BNB Chain dropped to third at $7.77 million, registering a drop of 18.84% to $9.62 million. The network saw about $20,584 in wash trading, with buyers rising by 41.76%.
Polygon came fourth with $6.06 million, a rise of 44.33% from last week’s volume of $4.12 million. The blockchain registered $10.59 million in wash trading, which brought its total to $16.65 million. It also registered a rise in buyers, a rise of 31.63% to 56,606.
Mythos Chain rose to fifth at $5.46 million, rising 71% from last week’s $3.22 million. The blockchain saw a 22.32% rise in buyers to reach 27,248.
Immutable and Solana took the sixth and seventh spots, respectively. Immutable held the sixth position at $3.20 million, seeing a 0.88% drop from last week’s $3.19 million. Buyers rose by 38.96% to 5,079. Meanwhile, Solana registered a volume of $2.93 million, down 23% from last week’s $3.96 million. The network saw its buyers go up by 29.43%.
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Source: https://www.cryptopolitan.com/nft-sales-drop-ethereum-sales-decline/
