NFT sales jump 101% to $122.5m as CryptoPunks see a modest 25% recovery

The NFT market recorded $122.5 million in sales volume over the past week, surging 101.61% from the previous period.

Summary

• NFT weekly sales surged 101.6% to $122.5M despite broader crypto market weakness.
• Ethereum led with $77.6M in sales, up 179%, while Bitcoin jumped 127% to $21.7M.
• A $13.7M Bitcoin BRC-20 NFT sale set a new weekly high for the market.

NFT buyers climbed 38.75% to 187,288, while sellers jumped 47.19% to 164,685. Transaction volume increased 7.99% to 702,526.

This is happening at a time when Bitcoin has retreated to the $89,000 level, while Ethereum has slipped below the $3,000 mark.

The global crypto market cap now stands at $3.02 trillion, down from last week’s $3.22 trillion. Despite this broader market weakness, the NFT sector posted strong gains, with weekly sales volume more than doubling.

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Ethereum leads with $77.5 million in growth

Ethereum (ETH) dominated all blockchains with $77.57 million in NFT sales, jumping 179.42% over the seven-day period.

The network attracted 23,994 buyers, up 38.03% from the prior week. Wash trading on Ethereum totaled $4.63 million during this timeframe.

Bitcoin (BTC) secured second place among blockchains with $21.66 million in sales, soaring 126.61% week-over-week. The network drew 8,333 buyers, up 60.71% compared to the previous period.

NFT sales volume”> Source: Blockchains by NFT Sales Volume (CryptoSlam)

BNB Chain (BNB) ranked third with $7.52 million in sales, declining 3.20% despite buyer activity rising 68.29% to 24,784.

Immutable (IMX) dropped to fourth position at $3.70 million in sales, down 10.98%, while Base claimed fifth with $3.55 million, climbing 88.69%.

Solana (SOL) rounded out the top six blockchains with $3.32 million in sales, posting an 8.85% gain and attracting 30,235 buyers who surged 84.73% from last week.

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Flying Tulip PUT takes top collection spot

Flying Tulip PUT on Ethereum dominated the collection rankings with $51.57 million in sales, showing flat performance week-over-week. The collection processed 2,103 transactions from 1,516 buyers.

$X@AI BRC-20 NFTs on Bitcoin claimed second place with $15.71 million in sales, surging 687.41% over the week. The collection completed just nine transactions from seven buyers.

YES BOND on BNB Chain landed in third with $4.18 million in sales, climbing 28.15%. CryptoPunks took fourth position with $4.01 million in sales, recovering 46.74% after last week’s 23.81% decline.

Guild of Guardians Heroes posted $2.31 million in sales, up 7.41%, while Moonbirds recorded $1.91 million with a 69.75% surge. Pudgy Penguins rounded out the top seven with $1.82 million in sales, down 4.72%.

Top NFT sales hit $13.7 million

The week’s highest-value sale shattered previous records as a $X@AI BRC-20 NFT on Bitcoin sold for $13.73 million (153.5837 BTC) just one day ago.

Two additional $X@AI pieces followed, fetching $1.01 million (11.2771 BTC) two days ago and $895,348 (10.0001 BTC) three days ago.

CryptoPunks claimed two spots among the top five individual sales.

• CryptoPunks #9901 sold for $382,027 (120 ETH) four days ago.
• CryptoPunks #3077 brought in $325,678 (107.5 ETH) two days ago.

Source