In a notable shift for the non-fungible token (NFT) sector, sales have dipped by approximately 16% this week, totaling just under $122 million following a recent surge. According to data from CryptoSlam, the market recorded total transactions amounting to $121.7 million, involving a significant volume of 519,000 active traders.
Leading the charge in sales volume was the Ethereum (ETH) blockchain, which saw a notable increase of 14.48% from the previous week, amounting to $39.28 million. Ethereum also witnessed a surge in active buyers, up by nearly 48% to 23,586, accompanied by a 35.49% rise in wash trading reaching over $34 million.
Bitcoin (BTC), which dominated sales in the preceding week, slipped to second place with $26.5 million in transactions, marking a decline of 45.60%. The number of active buyers on Bitcoin soared by an impressive 804%, though wash trading decreased by 53% to $20,030.
Polygon (MATIC) experienced a slight downturn of 5.5% to settle at $18.43 million after a robust sales increase of 22% previously. Solana (SOL) followed with $14.631 million in sales, down by 18.18%, while Immutable X (IMX) saw a notable uptick of 9.40% in sales.
High-profile transactions included an Ethereum-based NFT fetching $587,194, a Bitcoin NFT selling for $237,373, and a Polygon NFT traded at $100,500. Solana’s top sale stood at $77,839, with a notable Bitcoin NFT reaching $31,516.
Immutable’s Guild of Guardians Avatars emerged as the top collection with over $8.1 million in sales, followed by Bitcoin’s PIZZA NFTs with $7.3 million, despite a 60% decline. Ethereum Name Service (ENS) secured third place with a remarkable 1022% increase, totaling more than $5.3 million in sales from 295 buyers. DMarket on Mythos and Bitcoin Puppets rounded out the top five collections with $4.6 million and $2.7 million in sales, respectively.
The downturn in NFT sales this week highlights fluctuating trends within the digital asset marketplace, reflecting both investor sentiment and evolving consumer behaviors in the blockchain ecosystem.
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