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Plot twist in the NFT market: the latest sales of the CryptoPunk collection have propelled the Ethereum blockchain to the top spot in the rankings for volumes.
And indeed, just in the last 24 hours, the CryptoPunk #635 was sold for 4000 ETH, equivalent to 12.4 million dollars.
Summary
CryptoPunk NFT: #635 sold for 4000 ETH and Ethereum rises to the top of the blockchain rankings
According to the data from cryptoslam.io, it seems that the latest sales of CryptoPunk NFTs have caused Ethereum to rise to the top of the blockchain rankings in terms of volume, surpassing Bitcoin.
And indeed, CryptoPunk NFT #635 was sold for the modest amount of 4000 ETH, equivalent to 12.4 million dollars. At the time of writing, CryptoPunk #635 takes the first place in the ranking of the TOP collectible items sold in the last month.
JUST IN: Crypto Punk #635 has been sold for 4,000 $ETH ($12,405,000). pic.twitter.com/aBTyEQ4MVE
— Watcher.Guru (@WatcherGuru) April 25, 2024
Not only that, in the last 24 hours it seems that other CryptoPunk NFTs have also been sold, although at more modest figures, namely between $100,000-$170,000. Specifically, these are the CryptoPunk NFTs number #4577, #2039, #9149, #628 and #7735.
The NFT collection of Bored Ape Yacht Club (BAYC) has also recorded numerous sales in the last 24 hours, although the average selling price is around $50,000.
CryptoPunk NFT: the sale of #635 boosts Ethereum to the top of the blockchain, surpassing Bitcoin
As we were saying, the latest sale of CryptoPunk NFT #635 has overturned the situation from a few days ago, when it was Bitcoin dominating the Non-Fungible Token market.
And in fact, looking at the data from the last 24 hours and also from the last week, Ethereum seems to have become the first blockchain for sales volumes NFT.
Specifically, Ethereum has recorded total sales of 69.2 million dollars in the last seven days, with an increase of +31%, and 26.16 million dollars in the last 24 hours alone with a whopping increase of +285%.
On the contrary, the Bitcoin blockchain remains at total sales in the last seven days of 68.5 million dollars with a decrease of -54% and 6.6 million dollars in the last 24 hours, with a decrease of -8%.
In terms of collections, the Uncategorized Ordinals NFT, NodeMonkes NFT collection, and WZRD BRC-20 NFT collection are the ones mainly contributing to Bitcoin blockchain revenues.
The situation a few days ago compared to today
Just four days ago, the situation of the NFT market had been analyzed which seemed to give total dominance to Bitcoin, even though there was a general decrease in sales.
And indeed, Bitcoin recorded a decrease of -38%, Ethereum of -20% and Solana of -22%, compared to the sales of the previous week.
So far, Ethereum has turned the situation around, with this sudden increase of +286% in the last 24 hours.
Other positive blockchains for NFT sales growth, there are still Polygon with +32% in the last 24 hours, Mythos with +14% and Flow Blockchain with +30%.