Just when you thought the NFT market was buried under crypto wreckage, it flickers back to life. Sales of these digital tokens have perked up, climbing 4.5% to $102.8 million in the last week, according to CryptoSlam data.
This minor rebound arrives even as the broader crypto market wobbles. Bitcoin took a dip below $83,000, Ethereum is lingering around $1,800, and the overall crypto market cap has softened to $2.71 trillion from $2.77 trillion the previous week. Yet, against this backdrop, NFT transactions show a pulse.
More players are jumping into the NFT game. The number of buyers surged almost 29% to 451,436, and sellers increased by over 26% to 285,272. Interestingly, the total number of transactions saw a slight dip of 2.8%, settling at 1,614,680.
Ethereum remains the top platform for, shall we say, creatively inflated trading volumes, accounting for $2.6 million in wash trades. On the bright side, even this questionable activity is down nearly 10% from the week prior.
Looking at collections, Courtyard on Polygon is currently the sales leader, racking up $15.7 million, a 33% increase. DMarket trails in second place with $8.5 million, despite an 18% decrease. However, the real comeback kid is CryptoPunks, which exploded with a 141% sales surge to $6.3 million. Leading this charge was CryptoPunks #2967, fetching a cool 420 ETH, or $843,070, making it the week’s priciest NFT.
CryptoPunks didn’t stop there; several others joined the high-roller club this week:
- CryptoPunks #6935: 135 ETH ($271,890)
- CryptoPunks #3007: 120 ETH ($239,342)
- CryptoPunks #2301: 115 ETH ($234,959)
- Autoglyphs #364: 105 ETH ($210,172)