This week, the NFT market showed positive momentum alongside the broader crypto sector, including a sharp rise in Bitcoin.
NFT Market Growth
According to CryptoSlam data, NFT sales volume reached $164.3 million, up 5.8% from the previous week. The number of buyers surged 115.49% to 270,108, while sellers rose 107.81% to 218,676. However, transactions dipped by 4.58% to 1,466,206.
Blockchain Network Growth
Ethereum NFT sales climbed 40% to $85.6 million. Buyer numbers increased by 52.54%, and wash trading volumes increased 49% to $39.2 million. Solana dropped to third place with $14.6 million, while Mythos Chain and Base held fourth and fifth places, respectively.
Azuki Dethrones Pudgy Penguins
Azuki claimed the top spot with $15.4 million in sales, jumping 268.21%. Pudgy Penguins moved to second, and CryptoPunks took third with a sales increase of 126.31%. The week's top sales included several CryptoPunks, with prices ranging from $502,941 to $177,515.
The week was marked by positive dynamics in the NFT market, indicating increased trader interest and expanded trading activity. Despite the decline in Bitcoin NFT sales, certain collections, such as Azuki, demonstrated significant growth.
