NFT sales drop to $129.8m, Avalanche sales surge 200%

Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million. Bitcoin ( BTC ) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum ( ETH ) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion. According to data from CryptoSlam , market participation has increased. NFT buyers grew by 61.18% to 443,548, and NFT sellers rose by 31.87% to 199,129. NFT transactions have also risen by 15.39% to 1,697,343. You might also like: Solaxy and Pepeto rise as Nasdaq composite, ETH, DOGE, and Pepe coin heat up Ethereum leads with $29.6m in NFT sales Ethereum maintains its dominant position with $29.6 million in sales. However, it has seen a 26.22% decline from the previous week and wash trading has decreased by 57.18% to $2 million. Avalanche ( AVAX ) has made a dramatic entrance into second place with $22.3 million in sales and has seen a surge of 202.92%. Source: Blockchains by NFT Sales Volume (CryptoSlam) Polygon ( POL ) holds the third position with $21.3 million and has shown solid growth of 45.98%. Bitcoin has dropped to fourth place with $18.2 million. It has fallen 21.85% from last week. Mythos Chain rounds out the top five with $13.9 million. Immutable (IMX) appears in sixth with $8.6 million, while Solana ( SOL ) sits in seventh with $6.4 million, with a 26.36% drop. The buyer count has increased across most blockchains, with Avalanche leading at 79.08% growth. This is followed by Bitcoin at 72.98% and Solana at 71.09%. A major change has happened in collection rankings, with XSY Deposit on Avalanche taking the top spot at $22.1 million in sales. However, this collection appears to be dominated by a single buyer and seller. Courtyard on Polygon has moved to second place with $14.4 million and has rebounded with 23.23% growth. DMarket remains in third with $8.8 million, up 7.07%. Bitcoin’s BRC-20 NFTs have fallen to fourth place with $6 million, dropping 15.78%. Guild of Guardians Heroes holds fifth with $5.9 million. CryptoPunks has dropped to sixth place with $4.8 million in sales, with a 30.94% decline. The collection has seen decreases across all metrics including transactions (42.31%), buyers (37.84%), and sellers (45.24%). Read last week’s NFT performance from here . Notable high-value sales from this week include: CryptoPunks #3609 sold for 440 ETH ($1,089,338) CryptoPunks #2537 sold for 80 ETH ($197,242) CryptoPunks #2542 sold for 59 ETH ($155,440) CryptoPunks #6479 sold for 58.4 ETH ($149,478) CryptoPunks #7161 sold for 53.69 ETH ($142,816) Read more: Chart of the week: Worldcoin and Hyperliquid could extend price rally

Source: crypto.news