The cooling of the NFT market continues as the total crypto market cap has grown to $3.6 trillion from $3.42 trillion last week, according to CoinMarketCap data.
CryptoSlam data shows that NFT sales have fallen 17.54% to $132.7 million this week. This is significantly lower than last week $152 million in sales. However, the market has seen increased participation from traders, indicating continued interest at lower price levels.
Market activity shows mixed signals:
- NFT sales volume fell to $132.7 million from $152.7 million last week
- The number of NFT customers rose 25.54% to 667,116
- NFT dealers increased 23.96% to 382,754
- Total transactions fell 16.96% to 1,326,111
Major blockchain networks see mixed results
Ethereum (ETH) NFT sales fell 25.72% to $56 million, although customer numbers grew 14.35% to 72,241. Wash trading on Ethereum fell by 42.38% to $13.5 million.
Bitcoin (BTC) NFTs moved against the trend, with sales rising 8.38% to $30.3 million. The network attracted 67,423 customers, an increase of 13.68% on the previous week.
Mythos Chain climbed to third place with $11.8 million in sales, growing 3.63%. Solana (SOL) dropped to fourth place with sales falling 57.91% to $9.4 million, despite record customer numbers of 234,220.
Non-variable (SMEs) rounded out the top five with $8.2 million in sales, up 2.67% with 18,350 customers.
Aggregate rankings show significant changes
Azuki has taken the top spot with $9.4 million in sales, growing 3.13% despite lower customer numbers. DMarket continues with $6.7 million in sales, showing a 7.72% growth and maintaining a high trading volume with 240,918 trades.
BRC-20 NFTs hold third place at $5.8 million despite falling 11.33%. Guild of Guardians Heroes saw 13.74% growth to $5.7 million, while Pudgy Penguins fell to fifth place with $5.3 million, falling 57.64% with a significant decline in buyers and transactions.
Top sales of the week were:
- CryptoPunks #5192: $192,556 (53.69 ETH)
- CryptoPunks #7942: $154,075 (45 ETH)
- CryptoPunks #9208: $153,677 (45.99 ETH)
- CryptoPunks #5203: $153,580 (44.7 ETH)
- CryptoPunks #7210: $147,498 (42.93 ETH)
