NFT Sales Plunge 28% as Market Participation Collapses

In response to knowledge from CryptoSlam, NFT gross sales quantity fell 27.65% to $62.58 million from final week’s $88.29 million.

Market participation has collapsed, with the variety of NFT patrons falling 82.75% to 60,985 and the variety of sellers falling 77.69% to 56,228. NFT transactions fell 23.64% to 690,550.

This bearish efficiency happens as the worth of Bitcoin (BTC) has remained secure on the $90,000 stage after final week’s restoration.

Ethereum (ETH) has misplaced the $3,100 stage and has fallen again beneath this necessary threshold. The worldwide cryptocurrency market cap now stands at $3.09 trillion, a marginal enhance from final week’s $3.08 trillion.

CryptoPunks Claims First Place as Bitcoin Fades BRC-20

CryptoPunks on Ethereum has risen to the highest spot with income of $3.59 million, up 33.58% from final week’s $2.69 million. The gathering processed 31 transactions with 21 patrons and 17 sellers.

YES BOND on BNB ranked second at $2.75 million, posting minimal development of 1.34% from final week’s $2.72 million. The gathering recorded 2,277 transactions with 1,836 patrons and just one vendor.

Panini America on the Panini blockchain exploded to 3rd place with $2.51 million, up 176.41%. The gathering had 19,194 transactions with 934 patrons and 1,765 sellers.

Pudgy Penguins fell to fourth place with $2.15 million, down 8.80% from final week’s $2.39 million. The Ethereum assortment had 134 transactions with 74 patrons and 81 sellers.

TokenVestingPlans on Ethereum secured fifth place with $1.81 million, a rise of three,779.55%. The gathering processed 44 transactions with just one purchaser and 14 sellers.

Guild of Guardians Heroes on Immutable-Zk took sixth place with $1.77 million, down 22.72% from final week. The gathering recorded 1,279 transactions.

Ethereum Maintains Lead Whereas Bitcoin Collapses

Ethereum took the highest spot with income of $26.76 million, basically flat with a decline of 0.10% from final week’s $27.57 million.

The community recorded $3.97 million in laundry trades, bringing the full to $30.73 million. The variety of patrons fell by 86.03% to three,338.

Bitcoin fell to second place at $10.43 million, a crash of 65.16% from final week’s $29.95 million. The blockchain recorded $97,394 in wash trades, with the variety of patrons falling 86.01% to 1,713.

BNB Chain (BNB) held the third place at $7.00 million, basically flat with a decline of 0.62% from final week. The blockchain had $8,217 in wash buying and selling, with patrons down 94.36% to 2,820.

Immutable (IMX) took fourth place with $3.91 million, up 18.29% from final week’s $3.26 million. The variety of patrons fell by 85.68% to 886.

Solana (SOL) climbed to fifth place with $3.73 million, up 37.01% from final week’s $2.89 million. The blockchain recorded $379,310 in wash buying and selling, with the variety of patrons falling 86.81% to five,098.

Panini got here sixth with $2.51 million and rose 173.06%. The blockchain had 934 patrons, a rise of solely 2.08%.

Base completed in seventh place with $2.09 million, down 23.14% from final week’s $3.11 million. The blockchain recorded $4.83 million in wash buying and selling, with the variety of patrons falling 58.33% to 36,212.

Bitcoin BRC-20 NFT Leads Regardless of Assortment Drop

A $X@AI BRC-20 NFT surpassed particular person gross sales of $1.37 million (15.0069 BTC) bought six days in the past, down from final week’s document $17.13 million sale.

CryptoPunks #7892 got here in second with $529,592.56 (169 ETH), bought six days in the past.

Bored Ape Yacht Membership #3112 took third place for $214,970.88 (69 ETH), bought a day in the past.

Two CryptoPunks accomplished the highest 5:

• CryptoPunks #1831 bought a day in the past for $185,473.78 (60 ETH)
• CryptoPunks #8691 bought 9 hours in the past for $138,524.39 (45 ETH)