The non-fungible token (NFT) market shows resilience amidst a decline in the overall cryptocurrency market, with sales volume increasing by 4.5% to $102.8 million.
Crypto Market Situation
Bitcoin's price has fallen below $83,000 over the past seven days, while Ethereum remains around the $1,800 mark. The global crypto market cap has decreased to $2.71 trillion from last week's $2.77 trillion. According to CryptoSlam data, last week's NFT sales volume was $100.9 million, indicating a mild recovery for the sector.
Ethereum's Dominance and Other Blockchains
Ethereum maintains its dominant position with $32 million in sales, up by 19.4% from last week. Polygon holds the second position with $18.1 million in sales volume, marking a 33.1% increase. Solana has been pushed down in the rankings, with sales declining by 4.4% to $8.7 million. Mythos Chain ranks third with $13.7 million in sales, despite a 12.8% decrease. Bitcoin follows in fourth place with $10.1 million, experiencing a 40.7% drop.
Sales Dynamics and Popular NFT Collections
Courtyard on Polygon has taken the top spot with $15.7 million in sales, a 33.1% increase. DMarket has moved to second place with $8.5 million, down 18.3% from last week. CryptoPunks has seen the most notable growth, with sales surging by 141.4% to $6.3 million, highlighted by the top individual NFT sale of CryptoPunks #2967, sold for 420 ETH ($843,070).
Despite the overall decline in the crypto market, the NFT market shows resilience and growth, indicating continued interest from investors and buyers.
