In the week ending July 6, the nft market finally reached a fever pitch, with impressive sales volumes on the ethereum (eth) and Solana (SOL) blockchains. Below is a detailed analysis of the week’s key players and trends.
Top 5 Blockchains by nft Sales Volume
Looking at data According to crypto Slam, ethereum topped the nft sales volume charts this week, racking up a staggering $44.3 million. This total included $36.77 million in direct sales and an additional $7.538 million in wash trading, confirming ethereum’s strength in the nft ecosystem.
Direct sales figures showed an improvement of 15.66% compared to the previous week, although total sales still fell by more than 8%.
Solana followed, leveraging its fast and profitable transactions to achieve $24 million in sales, representing a 34.3% increase over the previous week's figures. Of that amount, $22.4 million came from direct transactions and $1.6 million from laundered operations.
Interestingly, laundering operations at Solana increased by more than 83%, and direct sales also reflected a 31% improvement compared to the previous week.
bitcoin is faltering
bitcoin (btc), known primarily for its dominance as a cryptocurrency, recorded sales of $15.886 billion, a 14.51% drop from the week ending June 30. The amount included $15.63 million in direct sales and a modest $255,349 in wash trading.
Despite having a scalable platform, Polygon (MATIC) had a bad week, generating just $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million in wash trading. The figure represented a drop of more than 18% from the previous week.
Chain of myths (MYTH) rounded out the top five, recording $3.80 million in sales. The bulk of this figure, $3.79 million, came from direct transactions, with minimal wash trading, reflecting steady growth in its user base.
Top 5 nft Collections by Sales Volume
Among the top nft collections by sales volume, DMarket on Mythos Chain led with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the amount was almost 16% lower than last week.
ethereum’s Pudgy Penguins followed closely behind with $3.45 million, raised through just 99 transactions, highlighting the high value of each transaction.
Solana’s DogeZuki collection garnered $3.19 million in sales from 73,404 transactions, demonstrating its popularity among collectors. Another Solana collection, Mad Lads, saw $3.12 million in sales across 239 transactions, indicating a high level of engagement.
The iconic Bored Ape Yacht Club (BAYC) on ethereum rounded out the top five with $2.57 million in sales from 83 transactions, maintaining its elite status in the nft world.
Top 5 nft Collectibles Sales
- The largest individual nft sales of collectibles posted impressive figures. CryptoPunks on ethereum continued to fetch high prices, with one collectible selling for $386,916.
- Solana’s BOOGLE #089 hit $191,517, highlighting the chain’s vibrant nft market.
- An innovative financial nft, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.
- bitcoin Ordinal Maxi Biz recorded a sale of $84,331.
- Cardano (ADA) also made a notable entry with a collectible item selling for $49,078.
Top 5 Fan Tokens by Sales Volume
- In the fan token space, Galatasaray’s token on the Chiliz (CHZ) blockchain saw a massive 70,149% increase, achieving $280.53 million in sales.
- FC Barcelona followed with $50.16 million, reflecting strong fan participation.
- The Paris Saint-Germain token continued to perform well, recording sales of $46.71 million.
- Juventus also received substantial support from its fans, with $32.68 million in token sales.
- Esports team OG’s fan token sales underscored the growing intersection between sports and digital assets, reaching $28.92 million after skyrocketing 643.6%.
