NFT sales surge 15.2% to $121m, CryptoPunks sales jump 500%

The global cryptocurrency market continued to decline, with the total market capitalization falling to $2.83 trillion from $2.84 trillion last week.

According to CryptoSlam, NFT sales volume rose to $121.5 million, up 15.27% from the previous week. However, market participation has fallen sharply, indicating that larger deals have taken place with fewer participants.

Weekly figures show the opposite trend:

NFT sales volume rose from $107.1 million to $121.5 million

NFT buyers fell 94.39% to 25,641

NFT sellers fell 91.84% to 25,717

NFT transactions rose 5.21% to 1,615,020

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Ethereum sales jump, but buyers fall

Ethereum sales rose 50.76% to $37.6 million, although the number of buyers fell 69.09% to 15,471. Wash trading rose 39.46% to $3.9 million.

Bitcoin fell to fifth place with a 7.98% drop to $13.5 million.

As for the top collections, Courtyard maintained its lead with $11.7 million despite a 6.18% drop. The Polygon-based project remained active with 141,076 transactions.

DMarket moved up to second place with $10.1 million, up 4.83% and maintaining solid volume with 351,203 transactions. Solana collection Paradise moved up to third place with $9.8 million, a 292.14% increase.

CryptoPunks made a big comeback and rose 519.26% to reach fourth place with $7.1 million. BRC-20 NFTs gained 173.4% to take fifth place with $7.1 million.

Pudgy Penguins showed signs of improvement to reach seventh place with $2.4 million, a 54.82% increase across all regions.