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Despite a general decline in cryptocurrency markets this week, non-fungible token ($NFT) sales rose by 4.52% compared to the previous week. $NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market.
$NFT Landscape Shifts
This week, the leading top five blockchains for $NFT sales were Ethereum, Polygon, Bitcoin, Solana, and Mythos. Of the $101.46 million generated, Ethereum led with $32.42 million in digital collectible sales, despite an 11.55% decline in ETH-based $NFT sales. Polygon saw a 42.92% increase this week, reaching $22.19 million, while Bitcoin garnered $17.87 million, up 1.55%.
The top-selling $NFT collection of the week was Cryptopunks from Ethereum, with $5,794,266 in sales, an 18.22% rise. Mythos’ Dmarket $NFT sales amounted to $4.13 million, down 5.9%. Bored Ape Yacht Club (BAYC) secured the third spot with $3.56 million, a 4.54% increase. Bitcoin’s Nodemonkes and Immutable X’s Gods Unchained took the fourth and fifth positions.
A few Polygon collections saw a substantial increase compared to last week, including Sea Dragon, Sunny Girl, Milady NFTs, and ONFA Collections. Bitcoin Puppets experienced an 11.20% rise, while Ethereum’s Pudgy Penguins faced a 20.84% loss. Cryptopunk #627 was the highest-priced $NFT sold this week, fetching $836,149 four days ago. Bitcoin’s Punk #50 sold for $306,725 five days ago, and Solana’s Urbannode sold for $37,749 just over a day ago rounding out the top three.
As crypto markets endured a downturn this week, the nuanced dynamics of $NFT sales underscore a divergent narrative. While Ethereum continues to lead despite fluctuations, Polygon’s recent surge, both this week and last week, highlights shifting $NFT trader interests within the digital collectibles space. This week’s activities not only reflect the evolving landscape but also suggests a continued appetite for NFTs amidst broader market uncertainties, especially after weeks of lackluster sales.
What do you think about the uptick in $NFT sales this week? Share your thoughts and opinions about this subject in the comments section below.