NFT sales have dropped sharply by 42%, falling to $93.18 million, down from $161.7 million last week, according to recent data.
Summary
NFT sales have fallen by 42%, yet the number of buyers has increased by 33%, and sellers are up by 21%. DMarket led the sales with $9.05 million, while Pudgy Penguins saw a significant 76% decrease. Despite a 65% drop, Ethereum still led with $35 million in sales.
Although NFT sales have dropped, market activity has grown. Buyers rose by 33.09% to 509,668, and sellers grew by 21.04% to 413,225. However, the total number of NFT transactions fell by 7.63%, down to 1,543,392.
Bitcoin has bounced back, reaching $111,000, while Ethereum reclaimed the $3,900 mark. The global crypto market cap increased to $3.75 trillion, up from $3.62 trillion last week. Despite the rise in the broader crypto market, the NFT space has faced a sharp decline.
DMarket Leads as Pudgy Penguins Drops Significantly
DMarket, built on the Mythos blockchain, topped the sales with $9.05 million, up 12.11% from $8.07 million last week. The platform saw 286,645 transactions and attracted 19,577 buyers and 15,873 sellers.
DX Terminal on Base dropped to second with $7.56 million, a 20.58% decrease from last week’s $9.99 million. The collection had 406,415 transactions with 100,205 buyers and 100,091 sellers.
Pudgy Penguins dropped drastically to third place, earning just $3.8 million, a 76.27% decrease from last week’s $15.61 million. This Ethereum-based collection saw only 128 transactions with 73 buyers and 77 sellers.
Guild of Guardians Heroes on Immutable-Zk surged to fourth place with $3.45 million in sales, up 41.06%. The collection had 2,837 transactions.
Two Bitcoin BRC-20 NFT collections also made it into the top seven. $ATMC BRC-20 NFTs placed fifth with $3.21 million, up 38.3%, and $?? BRC-20 NFTs secured sixth with $2.9 million, up 57.5%.
Ethereum Maintains Lead Despite Decline
Ethereum remained the leader in NFT sales, generating $35.04 million, although this represents a 65.64% decline from $102.67 million last week. Ethereum also recorded $4.06 million in wash trading, pushing its total to $39.10 million. Despite the drop in sales, buyers grew by 41.05% to 47,352.
Bitcoin secured second place with $13.17 million, an 11.14% increase from $10.11 million last week. Bitcoin’s buyers increased by 60.49% to 13,462.
Base dropped to third with $10.19 million in sales, down 19.8% from last week’s $13.20 million. The blockchain saw $4.90 million in wash trading, and its buyers grew by 13.56% to 257,187.
Mythos Chain climbed to fourth with $9.27 million, a 13.52% increase from $8.23 million last week. The platform saw 33,791 buyers, up 42.9%.
Immutable secured fifth place with $5.73 million, up 41.05% from last week. The network attracted 6,012 buyers, a 40.96% increase.
BNB Chain fell to sixth place with $5.33 million in sales, down 19.62%. However, the number of buyers surged by 52.26% to 32,769.
Solana came in seventh with $4.92 million, down 6.23% from $5.40 million last week. The network saw 30,713 buyers, a 40.36% increase.
Record-Breaking NFT Sales
A Good deed NFT set a record with a $44.89 million sale (70,200,565.5751 ADA), becoming one of the highest NFT sales in recent months. Additionally, the Known Origin #264609 NFT sold for $246,984.31 (63.8 ETH) six days ago.
Three CryptoPunks also made the top sales:
- CryptoPunks #7839 sold for $174,846.97 (44.99 ETH)
- CryptoPunks #7378 sold for $173,119.61 (45 ETH)
- CryptoPunks #7461 sold for $167,646.53 (42 ETH)
These trends highlight the NFT market’s fluctuating nature, with some projects experiencing steep declines, while others continue to attract strong investor interest. Despite the recent downturn, the sector remains an area of significant investment and innovation.
