NFT sales spike 6% to $161.7m, Pudgy Penguins jump 165%

According to CryptoSlam data, NFT (non-fungible token) sales volume has climbed by 5.98% to $161.7 million.

Summary

NFT sales hit $161.7M as buyers surged 126% to 382K.
Ethereum led $102.7M NFT sales, reclaiming dominance.
Pudgy Penguins surged 165% with $15.6M in weekly sales.

Notably, market participation is hot. The number of NFT buyers increased by 126.59% to 382,846 and sellers rising by 124.15% to 341,290. NFT transactions also increased by 2.48% to 1,703,436.

At the same time, Bitcoin (BTC) price has continued its decline, now sitting at the $106,000 level. Ethereum (ETH) has also slipped further to $3,800.

The global crypto market cap has contracted to $3.62 trillion, down from last week’s $3.78 trillion. However, the NFT sector is showing signs of recovery with improved market participation.

45.com dominates, Pudgy Penguins follow

The 45.com collection on Ethereum has claimed the top spot with $31.28 million in sales across 9,607 transactions. The collection attracted 4,980 buyers but had only 5 sellers, resulting in flat growth of 0.00%.

Pudgy Penguins secured second place with $15.61 million in sales, posting a 165.38% increase from last week’s $6.63 million.

Source: Top collections by NFT Sales Volume (CryptoSlam)

The Ethereum collection processed 528 transactions, with 252 buyers and 220 sellers participating. LilPudgys also performed well, landing in seventh place at $4.60 million with a 27.24% gain.

DX Terminal on Base dropped to third with $9.99 million, down 23.84% from last week’s $13.03 million. The collection recorded 553,255 transactions with 106,605 buyers and 105,740 sellers.

DMarket held fourth position at $8.07 million, up 4.78% from last week’s $7.72 million. The Mythos-based collection saw 215,010 transactions.

Bored Ape Yacht Club climbed to fifth with $5.47 million, up 2.78% from last week’s $5.30 million. The collection had 127 transactions with 73 buyers and 76 sellers.

Moonbirds placed sixth at $5.32 million, down 20.23% from last week’s $7.01 million. The Ethereum collection processed 481 transactions.

Ethereum reclaims dominance

Ethereum returned to the top blockchain position with $102.67 million in sales, up 23.45% from last week’s $86.46 million. The network recorded $12.54 million in wash trading, bringing its total to $115.21 million. Buyers surged by 71.47% to 33,535.

Base fell to second place with $13.20 million, down 13.73% from last week’s $15.56 million. The blockchain recorded $5.03 million in wash trading, with buyers jumping 138.32% to 226,471.

Bitcoin dropped to third place with $10.11 million, a 27.76% decrease from last week’s $14.04 million. The network saw 8,388 buyers, representing a 163.11% increase.

NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165% - 3 — Source: Blockchains by NFT Sales Volume (CryptoSlam)

Mythos Chain maintained fourth position at $8.23 million, up 5.10% from last week’s $12.86 million. The blockchain attracted 23,647 buyers, representing a 147.15% increase.

BNB Chain (BNB) entered the rankings at fifth place with $6.51 million, a 6.75% decrease. The blockchain had 21,523 buyers, up 234.68%.

Solana (SOL) secured sixth position with $5.40 million, down 24.56% from last week’s $7.58 million. The network recorded 21,884 buyers, up 129.10%.

Bored Ape Yacht Club #1878, which led individual sales at $1.65 million (400 ETH), sold six days ago.

Four CryptoPunks rounded out the top five: