Ethereum

Guild of Guardians

DMarket

Polygon

Ethereum Name Service

This week marked a significant downturn for the non-fungible token (<a href="https://crypto.news/tag/nft/" target="_blank" rel="">NFT</a>) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week.&nbsp; 
Per <a href="https://www.cryptoslam.io/" target="_blank" rel="">CryptoSlam</a>, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. 
<h2 class="wp-block-heading" id="strong-blockchain-nft-sales-breakdown-strong">Blockchain NFT sales breakdown</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd4GYxRfLs73RjBQSRXnPW-htYVc3QXMfYvpDuufONO7H5Gx5znElR5mlRYg_P-NceC9uqaa0aVs7PmF-1i3WWUAZkfsXN1fi6gSRXE1cUwzXl9VT9uByKg5L20oiMgeriZWvwOxoEwx0jQjhwJw-Iad55U?key=1HxwS9B6VZQpLQWtuBEEYA" alt="NFT sales drop 16%, hover just below $122m - 17">
 <figcaption class="wp-element-caption">
 Blockchains by NFT sales volume | Source: CryptoSlam
 </figcaption>
</figure> 
The Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week.&nbsp; 
This surge was accompanied by a marked increase in the number of active buyers on <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="">Ethereum’s</a> NFT space, with the number going up nearly 48% to reach 23,586. The network also saw an increase in wash trading, up 35.49% to over $34 million. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>), which was the busiest network in terms of sales in the previous week, dropped to second place this week, with about $26.5 million in sales, representing a 45.60 drop. Bitcoin recorded over 18,000 active buyers, which was a whopping 804% increase from last week. Wash trading on the network decreased by about 53%, settling at $20,030. 
After a 22% boost in sales in the previous week, this week saw Polygon (<a href="https://crypto.news/price/polygon/" target="_blank" rel="">MATIC</a>) shave nearly 5.5% off its weekly sales volume to settle at $18.43 million. Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="">SOL</a>) stayed in fourth with $14.631 million in sales, an 18.18% decrease. On its part, Immutable X (<a href="https://crypto.news/price/immutablex/" target="_blank" rel="">IMX</a>) saw a surge, with sales increasing by 9.40%. 
 You might also like: <a href="https://crypto.news/vc-roundup-blockchain-startups-major-funding-rounds/" rel=""> VC roundup: blockchain startups secure $109.3m in major funding rounds </a> 
<h2 class="wp-block-heading" id="strong-top-nft-sales-strong">Top NFT sales</h2> 
The highest sale of the week was from the Ethereum blockchain, with an NFT selling for $587,194. A Bitcoin Ordinal, Protoshroom #6, changed hands for $237,373, while a Polygon TTAvatars #128003 fetched $100,500.&nbsp; 
Solana’s DeezNode #052 sold for $77,839, edging out a BNB NFT, Ape Treasury Bill V2 V3 #12668, which sold for $31,516. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcXfsdcA1Bde_lqTsfOP4C3oC3QPaAurINS7gH4E9kRV108r6eD-jNFTXDOvSIZVRshjQ-fGpLVKPyUlVIjVCWnhy-Vlx7GofCmXlrETg3wVpoWwkOP4aLcra0o73YeO2FZOKJ6IG3-667wAh1__q6gymM?key=1HxwS9B6VZQpLQWtuBEEYA" alt="NFT sales drop 16%, hover just below $122m - 18">
 <figcaption class="wp-element-caption">
 NFT collection rankings by sales volume | Source: CryptoSlam
 </figcaption>
</figure> 
Among collections, Immutable’s Guild of Guardians Avatars had the highest sales volume of the last seven days, raking in more than $8.1 million in 1,614 transactions. 
Bitcoin’s PIZZA NFTs followed, generating $7.3 million, which was a drastic 60% reduction on its numbers from the previous week.&nbsp; 
A new entrant in the top five collections ranked by sales volume was the <a href="https://crypto.news/what-is-ens-a-closer-look-at-ethereum-name-service-amid-recent-token-surge/" target="_blank" rel="">Ethereum Name Service</a> (ENS), which secured third spot with more than $5.3 million worth of NFTs sold. The figure represented an incredible 1022% jump, with the money coming from just 295 buyers.&nbsp; 
The DMarket collection on Mythos earned $4.6 million from nearly 190,000 transactions, while Bitcoin Puppets from the Bitcoin network earned the #5 spot with about $2.7 million in sales. 
 Read more: <a href="https://crypto.news/ethereum-vitalik-buterin-titok-blockchain-application/" rel=""> Ethereum founder Vitalik Buterin supports TiTok as potential blockchain app </a>

NFT sales drop 16%, hover just below $122m

Table of Contents

crypto.news

Other articles published on Jun 16, 2024

Investasi Baru MicroStrategy: Siap Tambah US$700 Juta BTC

Insider Tips: Best Altcoins to Invest in June 2024

Ripple Gets Big Break: SEC Lowers Settlement Demand To $103 Million

Are Toncoin and Fetch AI Anywhere Near MoonBag Crypto's Outstanding Features and Fortress-like Se...

Notcoin’s price surge – Here’s how it outperformed Bitcoin, Ethereum

Jadi Sorotan, ETF Ethereum Akan Diluncurkan Juli Ini?

Join our free newsletter for daily crypto updates!