The non-fungible token, or nft, market has shown decent growth amid bitcoin's historic rally that surpassed $100,000.
The rise in cryptocurrency prices continues as ethereum (eth) strengthens its position, rising 3.5% in the last 24 hours to reclaim the $4,000 level.
The global cryptocurrency market capitalization has expanded to $3.67 trillion from $3.42 trillion last week. This is a 2.3% increase from the last day, with bitcoin (btc) trading around $99,611 at last check on Saturday. See below.
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According to the latest data from CryptoSlamThe nft market has seen a huge rebound, with total sales volume reaching $196.2 million. This is a 34.23% increase from last week's $146.5 million.
Market metrics show an expansion in all key indicators:
- nft buyers have increased to 693,833, showing a healthy growth of 20.29%.
- nft sellers have grown to 402,069, an increase of 15.97%
- nft transactions have decreased slightly by 1.92% to 1,405,054
ethereum leads with huge growth
The ethereum nft blockchain has shown the strongest performance, almost doubling its sales volume to $100.9 million. This marks an increase of 97.33% in the last seven days. The network has attracted 61,020 buyers, which represents a growth of 23.15%. Notably, wash trading also increased by 52.79% to $18.2 million, indicating increased market activity.
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The bitcoin nft ecosystem, although maintaining its second position, saw a slight drop of 6.84%. The sales volume of the bitcoin network amounted to $45.1 million. However, the network continues to show strong user participation with 67,188 buyers, an increase of 22.38% over the previous period.
Solana (SOL) has maintained its third position with $16.2 million in sales. Solana has shown only a modest increase of 6.58%. However, the network has strong user participation with 269,871 buyers.
Mythos Chain and ImmutableX (IMX) round out the top five, with sales of $11.2 million and $10.6 million, respectively.
Chubby penguins lead the collection ranking
The announcement of the launch of its PENGU token has pushed Pudgy Penguins to the top position with $21.6 million in sales. This marks an increase of 384.26% in the last seven days.
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CryptoPunks follows closely with $21.3 million in sales, showing an impressive growth of 173.86%. BRC-20 nfts have moved into third place with $9.9 million in sales, while Guild of Guardians Heroes and Uncategorized Ordinals round out the top five with $8.9 million and $8.4 million in sales, respectively.
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Notable individual sales this week include:
- Ordinals #876 uncategorized sold for $7,512,996 (76.9998 btc)
- CryptoPunks #2202 sold for $455,287 (125 eth)
- MAInArt 18: iStef #asset18 sold for $388,073 (365.481.5277 ADA)
- Azuki #5889 sold for $362,345 (100 eth)
- Autoglyphs #328 sold for $328,314 (90 WETH)
This week's data reflects a maturing nft market with significant growth in both established collections and new entrants.
