The NFT market has seen a significant downturn, with sales volume falling by 18.43% to $116.9 million, according to data from CryptoSlam. This decline marks a sharp contrast to the strong performance of the previous week.
Despite the drop in sales, participation metrics show mixed trends. The number of NFT buyers remained steady at 1,061,348, maintaining 50.56% year-on-year growth, while NFT sellers increased by 8.09% to 38,494. However, overall NFT transactions saw a slight decrease of 0.63% to 1,709,086.
Immutable retained its top position with $28.3 million in sales, although this represented a 32.23% decline from the prior week. The blockchain also experienced a dramatic 81.19% drop in wash trading, which fell to just $3.
Polygon surged into second place with $23.3 million in sales, reflecting a 24.98% increase and overtaking Ethereum, which fell to third place with $20.4 million, down 32.06%. Ethereum’s wash trading also declined by 18.29% to $1.8 million. Meanwhile, Mythos Chain held steady in fourth position with $14.1 million in sales, showing a marginal 0.03% decrease. Solana climbed to fifth, with sales jumping 42.74% to $8.7 million.
In collection rankings, Courtyard on Polygon reclaimed the top spot with $17.4 million in sales, achieving modest growth of 0.56% and a sharp 1,264.81% increase in sellers. Guild of Guardians Heroes fell to second place with $16.5 million, reflecting a decline of 33.60%, alongside drops in transactions (35.26%), buyers (41.99%), and sellers (42.33%).
DMarket maintained third place with $9 million in sales, up 0.99%, while Guild of Guardians Avatars held fourth with $7 million despite a 31.19% decline. Gods Unchained Cards entered the top five with $4.7 million, down 28.60%. Uncategorized Ordinals on Bitcoin disappeared from the top-ranking collections altogether.
Notable high-value sales included CryptoPunks #1831 for 150 ETH ($389,846), CryptoPunks #9778 for 150 ETH ($377,958), and CryptoPunks #4868 for 76.5 ETH ($201,933).
Source: https://www.dimsumdaily.hk/
