The nft market has surged despite cryptocurrency price weakness, with bitcoin falling 3% to $94,000 and ethereum falling sharply 9% to $3,200.
Although the overall cryptocurrency market cap has contracted to $3.3 trillion from last week's $3.5 trillion market cap, the nft market has turned positive.
According CryptoSlam According to data, nft sales volume has increased by 10.70% to $155.4 million this week. The increase in total sales is accompanied by a notable drop in market participants, suggesting greater transactions by fewer buyers.
The weekly metrics are as follows:
- nft sales volume increased to $155.4 million from $132.7 million last week
- nft buyers fell 81.79% to 122,806
- nft sellers fell 73.24% to 104,090
- Transactions increased by 0.16% to 1,483,044
Blockchain networks show mixed results
ethereum (eth) nft sales grew 13.09% to $61.9 million, although the number of buyers fell 65.62% to 24,836. Laundering trade on the network increased by 76.73% to $25.1 million.
bitcoin (btc) nfts saw modest growth, with sales increasing 1.97% to $30.8 million. The network's buyer count fell 87.15% to 8,665.
<img decoding="async" width="1024" height="480" src="https://crypto.news/app/uploads/2025/01/Screenshot-2025-01-11-at-5.33.23 PM-1024×480.png” alt=”nft sales rise to $155 million, Pudgy Penguins retreats with 82% increase – 1″/>
Solana (SOL) rose with $20.1 million in sales, an increase of 9.96%. Mythos Chain took fourth place with $12.4 million, an increase of 4.39%. Base entered the top five with $8.4 million, increasing sales by 211.18%.
Pudy penguins recover
Pudgy Penguins enjoyed $9.2 million in sales, an increase of 82.32%. The recovery brought more activity, with transactions increasing by 50.70% and buyers increasing by 67.39%.
BRC-20 nfts took second place with $8.2 million, a growth of 40.78%. DMarket was stable in third place with $7.2 million, an increase of 8.06%, and maintained high volume with 282,071 transactions.
<img loading="lazy" decoding="async" width="1024" height="410" src="https://crypto.news/app/uploads/2025/01/Screenshot-2025-01-11-at-5.33.47 PM-1024×410.png” alt=”nft sales rise to $155 million, Pudgy Penguins retreats with 82% increase – 2″/>
Guild of Guardians Heroes fell 11.17% to $5.1 million, while Azuki fell to fifth place with $4.0 million, down 56.58%.
This week's top sales included:
- Super Rare #37380: $474,710 (474,710 USDC)
- CryptoPunks #4757: $453,894 (125 eth)
- Super Rare #37380: $396,000 (108.7469 WETH)
- CryptoPunks #3698: $277,876 (82 eth)
- Abstract Being: $222,680 (2.3681 btc)
The nft market has found some stability with sales volume increasing, even as participation remains limited. Read last week's nft activity here.
