During the week ending July 6, the NFT market experienced a resurgence, marked by substantial sales volumes on Ethereum (ETH) and Solana (SOL) blockchains. Here’s an extensive overview of the standout performers and emerging trends:
Top 5 Blockchains by NFT Sales Volume
According to data from Crypto Slam, Ethereum dominated the NFT sales charts, amassing an impressive $44.3 million. This total included $36.77 million from direct sales and an additional $7.538 million attributed to wash trading, reinforcing Ethereum’s robust position within the NFT ecosystem. Direct sales witnessed a notable 15.66% increase compared to the previous week, although overall sales showed a slight decline of over 8%.
Solana followed closely, leveraging its rapid and cost-effective transaction capabilities to achieve $24 million in sales, marking a 34.3% increase from the previous week. Of this total, $22.4 million came from direct transactions and $1.6 million from wash trading. Interestingly, wash trading on Solana surged by more than 83%, while direct sales also saw a significant 31% improvement from the previous week.
Bitcoin (BTC), renowned for its dominance in cryptocurrencies, recorded $15.886 million in sales, reflecting a decline of 14.51% compared to the week ending June 30. This amount included $15.63 million from direct sales and a modest $255,349 from wash trading.
Despite its scalability, Polygon (MATIC) had a challenging week with only $20.11 million in sales, split between $12.03 million from direct sales and $8.08 million from wash trading, marking an 18% dip from the previous week.
Mythos Chain (MYTH) rounded out the top five with $3.80 million in total sales, predominantly from direct transactions, showcasing steady growth in its user base.
Top 5 NFT Collections by Sales Volume
Among the leading NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales, spanning 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, this amount represented a nearly 16% decrease from the previous week’s performance.
Ethereum’s Pudgy Penguins closely followed with $3.45 million in sales, achieved through a mere 99 transactions, emphasizing the high value of each trade.
Solana’s DogeZuki Collection earned $3.19 million from 73,404 transactions, underscoring its popularity among collectors. Another Solana collection, Mad Lads, recorded $3.12 million in sales via 239 transactions, indicating strong engagement levels.
The iconic Bored Ape Yacht Club (BAYC) on Ethereum completed the top five with $2.57 million in sales from 83 transactions, maintaining its prestigious position in the NFT sector.
Top 5 Individual NFT Collectible Sales
Noteworthy individual NFT sales included CryptoPunks on Ethereum, with one collectible fetching $386,916, demonstrating the continued high demand for these iconic assets.
Solana’s BOOGLE #089 achieved a sale of $191,517, highlighting the vibrant NFT market on this blockchain.
An innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.
Bitcoin’s Ordinal Maxi Biz recorded a sale of $84,331, while Cardano (ADA) made a notable entry with a collectible selling for $49,078.
Top 5 Fan Tokens by Sales Volume
In the realm of fan tokens, Galatasaray’s token on the Chiliz (CHZ) blockchain saw a remarkable surge of 70,149%, generating $280.53 million in sales.
FC Barcelona followed with $50.16 million, reflecting strong fan engagement.
Paris Saint-Germain continued its robust performance with $46.71 million in token sales.
Juventus garnered substantial support from its fans, amassing $32.68 million in token sales.
The eSports team OG’s fan token sales surged by 643.6%, reaching $28.92 million, highlighting the growing intersection of sports and digital assets.
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