The NFT market continues to thrive, with Ethereum and Solana leading in sales volume. CryptoPunks remain at the forefront, while other collections and blockchains also show significant activity.
Points
- Ethereum and Solana dominate NFT sales volume.
- CryptoPunks lead NFT collections by sales volume.
- DMarket on Mythos Chain and Solana’s DogeZuki Collection also perform well.
- Bitcoin’s NFT sales falter compared to other blockchains.
The NFT market has shown robust activity, with Ethereum and Solana leading in weekly sales volume. Despite the broader market downturn, these blockchains have maintained strong performance in the NFT space.
Top 5 Blockchains by NFT Sales Volume
Ethereum remains the dominant blockchain for NFT sales, with Solana following closely. Solana’s fast and cost-effective transactions have driven its NFT sales to $24 million, a 34.3% increase from the previous week. Of this amount, $22.4 million came from direct transactions and $1.6 million from wash trading.
Blockchains by weekly NFT sales volume | Source: CryptoSlam
Top 5 NFT Collections by Sales Volume
Among NFT collections, DMarket on the Mythos Chain led with $3.53 million in sales. Ethereum’s Pudgy Penguins followed closely with $3.45 million from just 99 transactions, highlighting the high value per trade. Solana’s DogeZuki Collection and Mad Lads also performed well, showcasing Solana’s growing popularity in the NFT market. The iconic Bored Ape Yacht Club （BAYC） on Ethereum rounded out the top five with $2.57 million in sales.
NFT collection rankings by weekly sales volume | Source: CryptoSlam
Top 5 NFT Collectible Sales
CryptoPunks on Ethereum continued to command high prices, with one collectible selling for $386,916. Solana’s BOOGLE #089 fetched $191,517, highlighting the chain’s vibrant NFT market. Bitcoin’s Ordinal Maxi Biz recorded a sale of $84,331, but overall, Bitcoin’s NFT market lagged behind Ethereum and Solana.
解説
- Ethereum and Solana remain dominant forces in the NFT market, driven by their robust ecosystems and transaction efficiency.
- High-value NFT sales indicate sustained interest and investment in premium collectibles.
- Solana’s growing popularity in the NFT space is a testament to its transaction capabilities and developer support.
- Bitcoin’s
解説 （continued）
- Bitcoin’s NFT market struggles to compete with Ethereum and Solana due to higher transaction costs and slower speeds.
- Monitoring weekly sales volumes and top collections provides insights into market trends and potential investment opportunities in the NFT space.