NFT sales drop to $132m, Pudgy Penguins loses steam

The cooling of the NFT market continues as the overall crypto market cap has grown to $3.6 trillion, up from final week’s $3.42 trillion, in line with CoinMarketCap information.

CryptoSlam Information reveals that NFT gross sales fell 17.54% to $132.7 million this week. That is considerably decrease than final week’s $152 million in gross sales. Nevertheless, the market has seen elevated dealer participation, indicating continued curiosity at cheaper price ranges.

Market exercise is exhibiting combined alerts:

• NFT gross sales quantity fell to $132.7 million, in comparison with final week’s $152.7 million
• The variety of NFT consumers elevated by 25.54% to 667,116
• NFT sellers rose 23.96% to 382,754
• The whole variety of transactions fell by 16.96% to 1,326,111

Main blockchain networks are seeing combined outcomes

Ethereum (ETH) NFT gross sales fell 25.72% to $56 million, though the variety of consumers grew 14.35% to 72,241. Wash buying and selling on Ethereum fell 42.38% to $13.5 million.

Bitcoin (BTC) NFTs bucked the pattern, with gross sales rising 8.38% to $30.3 million. The community attracted 67,423 consumers, a rise of 13.68% from the earlier week.

Mythos Chain climbed to 3rd place with income of $11.8 million, a development of three.63%. Solana (SOL) dropped to fourth place with a 57.91% drop in gross sales to $9.4 million, regardless of having the best variety of consumers at 234,220.

Immutable (IMX) rounded out the highest 5 with $8.2 million in gross sales, up 2.67% with 18,350 consumers.

Assortment rankings present main shifts

Azuki has taken the highest spot with gross sales of $9.4 million, a development of three.13% regardless of decrease purchaser numbers. DMarket follows with a turnover of $6.7 million, a development of seven.72% and a excessive transaction quantity with 240,918 transactions.

BRC-20 NFTs are in third place with $5.8 million, regardless of an 11.33% decline. The Guild of Guardians Heroes noticed a 13.74% development to $5.7 million, whereas Pudgy Penguins fell to fifth place with $5.3 million, down 57.64% with sharp declines in consumers and transactions.

The highest gross sales of the week have been:

• CryptoPunks #5192: $192,556 (53.69 ETH)
• CryptoPunks #7942: $154,075 (45 ETH)
• CryptoPunks #9208: $153,677 (45.99 ETH)
• CryptoPunks #5203: $153,580 (44.7 ETH)
• CryptoPunks #7210: $147,498 (42.93 ETH)