NFT sales took a huge hit this week, as total volume fell by a whopping 18.43% to $116.9 million, according to CryptoSlam data. This compares to the previous week’s better performance, hurting large blockchains and collections.
Market Trends: Participation Stays Stable Despite Volume Fall
Contrary to declining sales, market participation stays steady.
- NFT buyers: 1,061,348 — maintaining a 50.56% increase
- NFT sellers: 8.09% growth to 38,494
- NFT transactions: Slight decline of 0.63% to 1,709,086
Immutable Reigns Supreme, Polygon Takes Out Ethereum
Immutable (IMX) remains the top chain with $28.3 million in sales, even though declining by 32.23% in the past week. Wash trading on the platform declined sharply by 81.19% to a paltry $3.
Polygon (POL) surged to second position with $23.3 million sales — a 24.98% increase — pushing Ethereum aside. Ethereum fell to third with $20.4 million, decreasing 32.06%, while wash trading decreased 18.29% to $1.8 million.
Top 5 Blockchains by NFT Sales:
- Immutable – $28.3M
- Polygon – $23.3M
- Ethereum – $20.4M
- Mythos Chain – $14.1M (unchanged)
- Solana – $8.7M (up 42.74%)
Polygon also led new buyers, up 35.63%, followed by Solana and Mythos Chain.
Courtyard Recaptures Top Collection Rank
Courtyard on Polygon recaptured the top collection rank with $17.4 million in sales and a 1,264.81% rise in sellers.
Guild of Guardians Heroes slipped to second place at $16.5 million, dropping 33.60%, as well as a dramatic drop in buyers, sellers, and transactions.
Top 5 NFT Collections:
- Courtyard – $17.4M
- Guild of Guardians Heroes – $16.5M
- DMarket – $9M
- Guild of Guardians Avatars – $7M
- Gods Unchained Cards – $4.7M
Uncategorized Ordinals on Bitcoin, which were once in the running as a top contender, have fallen from the top.
High Sales: CryptoPunks Dominate
High-end NFT sales continue to make headlines, with particular attention paid from within the CryptoPunks collection:
- 1831 – 150 ETH ($389,846)
- 9778 – 150 ETH ($377,958)
- 4868 – 76.5 ETH ($201,933)
- 5586 – 70.07 ETH ($185,292)
- 7516 – 60 ETH ($158,378)
Despite a cooling market, high-end assets remain to be selling for six figures, pointing to the ongoing appetite for blue-chip NFTs.
