The non-fungible token market has continued its expansion with a 10.44% rise in sales to reach $136.5 million over the week. It is the second consecutive week the market has recorded gains, which is in line with bullish sentiment in the broader crypto market.
Bitcoin hit a high of $108,000, and Ethereum went up by 3.6% within seven days. The world’s cryptocurrency market capitalization also rose to $3.33 trillion from the previous week’s $3.21 trillion.
Market Engagement Remains Stable, But Trades Fall
Though sales went up, total NFT trades fell by 19.72% to 1.36 million. Market engagement, however, remained steady:
- Buyers: 1,061,348 (the same, 50.56% YTD growth)
- Sellers: Went up by 8.09% to 38,494
Polygon Reaches Second Place in Blockchain Sales
Immutable held the top blockchain spot with $43.9 million in sales, up 30.27%, and very minor wash trading ($6).
Polygon surged 51.53% to $25 million, overtaking Ethereum and coming into second place. Wash trading also skyrocketed to $564,363.
Ethereum fell to third place, with $22.5 million in sales, down 8.63%. Wash trading rose 15.54% to $1.9 million.
Other notable shifts:
- Mythos Chain: $14.4M (↑2.16%)
- BNB Chain: $9.1M (↓0.13%)
- Bitcoin: $8.7M (↑12.70%)
Buyers Rise Across Top Blockchains
Growth in solo buyers was fueled by:
- Polygon: +35.63%
- Bitcoin: +23.22%
- Mythos Chain: +19.32%
Gaming NFTs Dominant in Collection Sales
Gaming collections dominated sales yet again:
- Guild of Guardians Heroes – $26.8M (↑37.72%)
- The Courtyard (Polygon) – $18.9M (↑22.53%)
- Guild of Guardians Avatars – $9.7M (↑24.19%)
- DMarket – $9.2M (↑3.61%)
- Gods Unchained Cards – $7.2M (↑15.19%)
CryptoPunks Sees Incredible 26% Growth
CryptoPunks entered the top 10 collections with $2 million in sales for the week, up 26.36%. It saw growth across the board:
- Transactions: +25%
- Buyers: +12.5%
- Sellers: +14.29%
