NFT Market Roundup: Ethereum and Solana Dominate, CryptoPunks Lead the Pack

NFT Market Roundup: Ethereum and Solana Dominate, CryptoPunks Lead the Pack

In the week ending July 6, the NFT market experienced a significant uptick in activity, with notable sales volumes across the Ethereum (ETH) and Solana (SOL) blockchains. Here’s a comprehensive overview of the top performers and trends in the NFT space.

Top 5 Blockchains by NFT Sales Volume

According to Crypto Slam data, Ethereum led the NFT sales volume charts this week, amassing an impressive $44.3 million. This figure included $36.77 million in direct sales and an additional $7.538 million from wash trading, reaffirming Ethereum’s dominance in the NFT ecosystem. While direct sales improved by 15.66% from the previous week, total sales were still down by over 8%.

Solana followed closely, leveraging its fast and cost-effective transactions to achieve $24 million in sales, a 34.3% increase from the previous week. Of this amount, $22.4 million came from direct transactions, and $1.6 million from wash trading. Interestingly, wash trading on Solana surged by more than 83%, while direct sales saw a 31% improvement from the previous week.

Bitcoin (BTC), primarily known for its cryptocurrency dominance, recorded $15.886 million in sales, marking a 14.51% decline from the previous week. This total included $15.63 million from direct sales and a modest $255,349 from wash trading.

Polygon (MATIC) had a challenging week, generating only $20.11 million in sales, with $12.03 million from direct sales and $8.08 million from wash trading, representing an 18% drop from the prior week.

Mythos Chain (MYTH) rounded out the top five, recording $3.80 million in sales. The majority of this, $3.79 million, came from direct transactions, with minimal wash trading, reflecting stable growth in its user base.

Top 5 NFT Collections by Sales Volume

Among the top NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, this amount was nearly 16% lower than the previous week.

Ethereum’s Pudgy Penguins followed closely with $3.45 million in sales from only 99 transactions, highlighting the high value of each trade.

Solana’s DogeZuki Collection earned $3.19 million from 73,404 transactions, showcasing its popularity among collectors. Another Solana collection, Mad Lads, recorded $3.12 million in sales through 239 transactions, indicating a high level of engagement.

The iconic Bored Ape Yacht Club (BAYC) on Ethereum rounded out the top five with $2.57 million in sales from 83 transactions, maintaining its elite status in the NFT world.

Top 5 NFT Collectible Sales

The top individual NFT collectible sales featured some impressive figures. CryptoPunks on Ethereum continued to command high prices, with one collectible selling for $386,916.

Solana’s BOOGLE #089 fetched $191,517, highlighting the chain’s vibrant NFT market.

An innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.

Bitcoin’s Ordinal Maxi Biz recorded a sale of $84,331.

Cardano (ADA) also made a notable entry with a collectible selling for $49,078.

Top 5 Fan Tokens by Sales Volume

In the fan token space, Galatasaray’s token on the Chiliz (CHZ) blockchain saw a massive surge of 70,149%, achieving $280.53 million in sales.

FC Barcelona followed with $50.16 million, reflecting strong fan engagement.

Paris Saint-Germain’s token continued to perform well, recording $46.71 million in sales.

Juventus also saw substantial support from its fans, with $32.68 million in token sales.

The eSports team OG’s fan token sales underscored the growing intersection between sports and digital assets, reaching $28.92 million after skyrocketing 643.6%.

Overall, this week marked a dynamic period in the NFT market, with Ethereum and Solana solidifying their positions as leaders, and notable activity in the fan token sector.

Powered by Crypto Expert BD

Follow us on Twitter: https://x.com/CryptoExpert_BD

Join our Telegram channel: https://t.me/CryptoExpert_BD

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *