Guild of Guardians

Immutable

The non-fungible token (<a href="https://crypto.news/tag/nft/" target="_blank" rel="">NFT</a>) market experienced another sluggish week, with overall sales dipping by 7.5% over seven days, reaching $121.4 million on June 1.&nbsp; 
<h3 class="wp-block-heading" id="top-blockchains-by-sales-volume">Top blockchains by sales volume</h3> 
Over the last seven days, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) has stayed in first place as the leading blockchain for NFT transactions after overtaking Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) last week. 
According to <a href="https://www.cryptoslam.io/" target="_blank" rel="">data</a> from CryptoSlam, the blockchain maintained its dominance with total sales of $37.43 million, despite an 11.24% decrease from the previous week.&nbsp; 
Bitcoin, the second most active blockchain for non-fungible token sales, raked in $27.21 million — reflecting a 12.88% drop. 
Solana-based NFTs generated just over $19 million, marking a slight 0.52% decline. 
Interestingly, Polygon (<a href="https://crypto.news/price/polygon/" target="_blank" rel="">MATIC</a>) stood out with a 27.10% increase in sales over the previous week, totaling approximately $15.6 million. Immutable X (<a href="https://crypto.news/price/immutablex/" target="_blank" rel="">IMX</a>) also showed positive movement, with sales climbing 12.23% to $8.49 million. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe6d0W2MG6GqhgDhWZ6FDCRJD1lzDnMakE0-j2OWhz550KLI2UBdav_NfbhZ_uLb5DYXYFD3lBxrfyzEHw-jgt8l5cdQnheLdBSyotiTZSYwzn4mkSs0RFmUtjeVpL5sdraNSesQRn4AGS_iI3_QOmf0v_u?key=8fofryUFjX4YA_PIXbIOlw" alt="NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge - 25">
 <figcaption class="wp-element-caption">
 Blockchains ranking by 7-day NFT sales | Source: CryptoSlam
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="strong-monthly-sales-volume-strong">Monthly sales volume</h2> 
Over 30 days, sales volume top-five ranking was pretty much the same as the weekly one, with only Blast replacing Immutable at #5. Ethereum registered $163.7 million in sales throughout May, a figure that was 55% lower than the blockchain’s April numbers.&nbsp; 
Bitcoin suffered a 73.44% drop in terms of monthly sales volume, bringing in $158.5 million. This was despite having the <a href="https://crypto.news/nft-sales-dip-by-11-16-bitcoin-takes-hit-dominates/" target="_blank" rel="">best</a> sales numbers in at least two weeks in May. 
Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="">SOL</a>) earned just north of $94 million over 30 days, denoting a 45.8% dip from its April levels. And despite being in the green for the last two weeks, Polygon’s May NFT sales volume were down 34.60%.&nbsp; 
Blast, however, bucked the negative trend, showing a remarkable 519.17% increase in sales volume over the past 30 days. The layer-2 chain ended the month with more than $49 million worth of NFTs traded in the period. 
Curiously, Blast also had the highest increase in terms of monthly wash trading numbers, with over $1.2 million recorded, representing a whopping 931.23% jump from April. 
<figure class="wp-block-image is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeuAAnv9x4_jZrlosZp2XQYxCs6ZDqAgpbr4ylmf04ieEA9n11HIKll51lUfHSStw1r-mXS_T5TJNjRGo_5d8nX6EvF3o4BsviSDqzg-kGqgY8tEzvPPUJJH_qJtKbOcM6NrJ-_AP9jJ5Oet6J-Vm_JeFyB?key=8fofryUFjX4YA_PIXbIOlw" alt="NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge - 26" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Blockchains ranking by 30-day NFT sales volume | Source: CryptoSlam
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/paradigm-backs-bitcoin-staking-protocol-babylon-70m/" rel=""> Paradigm backs Bitcoin staking protocol Babylon, leads $70m round </a> 
<h3 class="wp-block-heading" id="most-expensive-nfts">Most expensive NFTs</h3> 
In terms of individual pieces, Azuki #3374 from the Ethereum blockchain sold for a substantial $393,112 — the highest-priced cryptographic token of the week. 
It was followed by a notable sale on the <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> blockchain, where an Ordinal inscription fetched $305,258. Solana also made an appearance with Boogle #061, selling for $206,936. 
Over the entire month, CryptoPunks #741 was the most expensive NFT, fetching $792,046 on May 13. Another Bitcoin Ordinal inscription came in second after changing hands for $681,497.&nbsp; 
CryptoPunks #3619, sold by malcode-vault.eth for 215 ETH, translating to $627,990, was the third priciest NFT in May. It was followed by Azuki $3374 and yet another CryptoPunk, #4926, which earned its owner $329,252. 
<h3 class="wp-block-heading" id="nft-collection-rankings">NFT collection rankings</h3> 
Among the week’s top NFT collections, Uncategorized Ordinals took the lead with $7,810,518 in sales, despite a 15.31% decrease from the previous week. Guild of Guardians on Immutable X secured the second spot, with sales rising 18.48% to $5.65 million.&nbsp; 
Other notable collections included DMarket in third place, Nodemonkes in fourth, and Bored Ape Yacht Club (BAYC) wrapping up the top 5. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdS61ePEqJHnVFGvDmKXKTNRJZ4ZsutE6vYn2uuHNWoGv1PsZQm0xCh5NNEoQhGjS3CMPYvyB7wwtfVkY1YQXlBfC-RvKwbLlwCCClnvJls8wByF_va2YFpVZQNKYxcXdfz6I8DR-4TYcvevDkecOm4n_rJ?key=8fofryUFjX4YA_PIXbIOlw" alt="NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge - 27">
 <figcaption class="wp-element-caption">
 NFT collection rankings by 7-day sales volume | Source: CryptoSlam
 </figcaption>
</figure> 
As for the entire month, Bitcoin’s Uncategorized Ordinals collection maintained its number one spot, with more than $48.6 million in sales. However, the figure represented a concerning 70.13% dip in terms of monthly sales volume.&nbsp; 
The second most traded NFT collection in May was Blast’s Fantasy Top, whose sales volume skyrocketed 674.89% to fetch more than $46 million over the period. 
Another NFT collection whose monthly sales volume registered an uptick was Guild of Guardians, going up nearly 67% to push it into fifth place.&nbsp; 
 Read more: <a href="https://crypto.news/vc-roundup-felix-pagos-15-5m-for-whatsapp-remittances-fortunafis-9-5m-for-asset-tokenization-and-more-big-wins/" rel=""> VC roundup: Félix Pago’s $15.5m for WhatsApp remittances, Fortunafi’s $9.5m for asset tokenization, and more big wins </a>

NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge

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