Crypto Gloom

Pudgy Penguins climb higher despite sluggish overall NFT sales.

Despite the overall coolness of the non-fungible token (NFT) market, DX Terminal and Pudgy Penguins are hot.

summation

  • NFT sales fell 34% to $169.7 million, but transactions increased 1.99% to 1,920,271.
  • DX Terminal topped the collection this week with sales of $13 million, up more than 50%.
  • Ethereum leads the way with $86 million in NFT sales, but buyers are down more than 80% overall.

NFT sales fell 33.56% to $169.7 million, compared to $256.9 million last week, according to CryptoSlam data.

The decline in market participants was even more severe, with the number of NFT buyers decreasing by 75.68% to 168,946 and the number of sellers decreasing by 73.94% to 152,283. Certain NFT collections (such as DX Terminal and Pudgy Penguins) buck the trend.

Bitcoin (BTC) price retreated to the $112,000 level after a rebound last week. Ethereum (ETH) also fell from its recent high to $3,700. The global cryptocurrency market capitalization fell from $4.2 trillion last week to $3.78 trillion.

DX Terminals Rule NFT Collections

Base Blockchain’s DX Terminal took first place with revenue of $13.03 million, a 50.20% increase. The collection processed 570,066 transactions and attracted 169,973 buyers and 168,979 sellers.

CryptoPunks fell to second place with $11.06 million in revenue, down 36.92% from last week’s $17.33 million. In Ethereum Collection, 48 transactions took place with 26 buyers and 30 sellers.

D Market maintained third place with $7.72 million, down 3.33% from $7.95 million last week. Mythos-based collection recorded 225,129 transactions.

Pharaoh V3 Non Fungible on Avalanche (AVAX) took fourth place with a massive 41,365.84% jump with $7.34 million in sales. The collection had 101 buyers, 38 sellers and 554 transactions.

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Source: Top Collections by NFT Sales (CryptoSlam)

Moonbirds fell to fifth place with $7.01 million, down 60.89% from last week’s $18.72 million. The collection processed 512 transactions with 205 buyers and 243 sellers.

Pudgy Penguins ranked sixth with $6.63 million, up 16.98% from last week’s $5.67 million. The Ethereum collection witnessed 172 transactions involving 81 buyers and 97 sellers.

Bored Ape Yacht Club rounded out the top seven with $5.3 million, up 90.38%. The collection recorded 174 transactions with 103 buyers and 91 sellers.

Ethereum maintains lead despite decline

Ethereum established itself as the leading blockchain in NFT sales, with $86.46 million, down 9.34% from last week’s $97.4 million.

The network recorded $12.46 million in wash trading, bringing its total to $98.92 million. The number of buyers plummeted by 81.35% to 19,509.

Base came in second place with $15.56 million, up 39.75% from last week’s $10.92 million. Blockchain recorded $5.29 million in wash trading, with buyers down 66.63% to 95,027.

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Source: Blockchain by NFT Sales (CryptoSlam)

Bitcoin ranked third with $14.04 million, a 20.92% increase from $10.97 million last week. Network buyers decreased by 86.51% to 3,188.

Mythos Chain ranked fourth with $12.86 million, down 2.13% from last week’s $13.07 million. Blockchain attracted 9,568 buyers, a 79.07% decrease.

The Avalanche jumped 373.13% to fifth place with $10.63 million. The number of buyers on the blockchain was only 280, a decrease of 88.49%.

Solana (SOL) ranked 6th with $7.58 million, up 0.81% from last week’s $7.74 million. The number of network buyers decreased by 83.18% to 9,554.

top collectibles for sale

  • The Protoshrooms NFT led private sales with $470,760.50 (3.7811 BTC) sold five days ago.
  • CryptoPunks #9205 was sold 7 days ago for $416,002.50 (92.5 ETH).
  • Wrapped Ether Rock #91 was trading at $380,000 (380,000 USDC) 6 days ago.
  • CryptoPunks #3390 was sold 4 days ago for $279,243.03 (59.68 ETH).
  • CryptoPunks #9968 was sold 3 days ago for $259,739.06 (58 ETH).