This week saw a clear increase in the pace of sales for Non-Fungible Tokens (NFTs), coinciding with broader cryptocurrency growth. Notably, Bitcoin reached an impressive milestone of over $103,000.
According to CoinMarketCap’s latest figures, the total value of the cryptocurrency market has increased by approximately $300 billion over the past week, now standing at a staggering $3.6 trillion.
Non-Fungible Tokens (NFTs) tied to Bitcoin (BTC) saw a decrease of 10.9%, landing at a total value of approximately $27.5 million. However, the number of buyers involved in these transactions significantly increased by 174.98%, with a total of 23,827 participants.
Based on information from CryptoSlam, the total value of NFT sales climbed to an impressive $164.3 million this past week, marking a 5.8% increase over the previous week. The trading market experienced a significant resurgence as both buyers and sellers nearly doubled in number.
The weekly metrics show renewed market activity:
- NFT sales volume grew to $164.3 million from $155.4 million
- NFT buyers surged 115.49% to 270,108
- NFT sellers rose 107.81% to 218,676
- Transactions dipped 4.58% to 1,466,206
Blockchain networks see growth
In a notable surge, Non-Fungible Token (NFT) sales on the Ethereum network jumped by 40%, totaling approximately $85.6 million. The number of buyers also saw a significant rise of 52.54%, reaching 37,913. Concurrently, wash trading activities increased by 49%, accounting for around $39.2 million.
At last check Saturday, Ethereum was down 3.2% and priced at around $3,316. See below.
Solana (SOL) slid down to the third spot, losing approximately 30.8% and amounting to $14.6 million. On the other hand, Mythos Chain maintained its position in fourth place, with a slight increase of 2.1%, totaling $12.7 million.
Base stayed in fifth with $8.3 million, rising 13.82%.
Azuki dethrones Pudgy Penguins
Azuki achieved first place, recording a remarkable increase of 268.21% in sales, amounting to $15.4 million. Additionally, the number of buyers surged by 253.45%, and transaction volume experienced a significant boost of 272.83%.
In a shift, Pudgy Penguins advanced to the second position with an 8.04% decrease and a value of $8.0 million. Meanwhile, CryptoPunks climbed up to third place, experiencing a 126.31% increase and holding a worth of $7.8 million.
In a shift in rankings, BRC-20 NFTs dropped to fourth place, experiencing a decrease of 7.79%, with a total value of approximately $7.6 million. On the other hand, DMarket climbed up to fifth position, recording an increase of 4.64% and maintaining high transaction volume, completing 271,785 trades.
Top sales for the week:
- CryptoPunks #4940: $502,941 (150 ETH)
- CryptoPunks #7338: $319,016 (100 ETH)
- CryptoPunks #1782: $250,594 (75 ETH)
- CryptoPunks #8619: $178,123 (54 ETH)
- CryptoPunks #7376: $177,515 (55 ETH)
Read the last week’s NFT market activity here.
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2025-01-18 15:30