The NFT market is under pressure following a downturn in the crypto market, with Bitcoin falling to $83,000 and Ethereum to $1,900. The total crypto market cap has decreased to $2.73 trillion.
Current Market Status
NFT sales fell to $109.2 million, down 7.84% from the previous week, yet buyer numbers surged 697% to 204,693 and sellers increased by 419.23% to 133,708. Transactions decreased by 5.46% to 1,497,932.
Overview of NFT Sales by Blockchain
Ethereum sales dropped 11.28% to $32.7 million, although the number of buyers increased by 103.27% to 31,517. Bitcoin volume rose by 4.63% to $22.8 million. Mythos Chain slightly decreased by 1.78% to $15 million, and Solana slipped 43.44% to $10.1 million. Polygon grew by 1.63% to $13.8 million.
NFT Collection Rankings
Courtyard maintained its lead with $12.2 million, DMarket held second with $9.8 million, and newcomer Quantum Cats surged to fourth place with $3.9 million. CryptoPunks fell to fifth place, dropping 55.55% to $3.1 million. Top sales included Beeple Special Edition and other notable transactions.
Despite sales declining, the NFT market remains active, with increasing participant numbers indicating user interest in the long term.
