Ethereum and Solana Reign Supreme in NFT Market as CryptoPunks Take the Lead
The NFT market saw a positive uptick in the week ending July 6, with impressive sales volumes on the Ethereum (
ETH
) and Solana (
SOL
) blockchains. Let’s dive into the top performers and trends of the week.
Top 5 blockchains in NFT sales volume
According to data from Crypto Slam, Ethereum dominated the NFT sales volume charts this week, raking in a whopping $44.3 million. This total included $36.77 million from direct sales and an additional $7.538 million from wash trading, showcasing Ethereum’s strong presence in the NFT ecosystem.
Solana followed closely, utilizing its efficient and cost-effective transactions to achieve $24 million in sales, marking a 34.3% increase from the previous week. Of this amount, $22.4 million came from direct transactions and $1.6 million from wash trading.
Bitcoin (
BTC
) experienced a slight decline with $15.886 million in sales, a 14.51% drop from the previous week. Polygon (
MATIC
) struggled, generating only $20.11 million in sales, a decrease of over 18% from the prior week. Mythos Chain (
MYTH
) closed out the top five with $3.80 million in sales, reflecting steady growth in its user base.
Top 5 NFT collections by sales volume
Among the top NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales. Ethereum’s Pudgy Penguins followed closely with $3.45 million, while Solana’s DogeZuki Collection earned $3.19 million in sales. Another Solana collection, Mad Lads, recorded $3.12 million in sales, and the Bored Ape Yacht Club (BAYC) on Ethereum rounded out the top five with $2.57 million in sales.
Top 5 NFT collectible sales
The top individual NFT collectible sales featured impressive figures, with CryptoPunks on Ethereum leading the pack at $386,916 for one collectible. Solana’s BOOGLE #089 fetched $191,517, while Bitcoin’s Ordinal Maxi Biz sold for $84,331. Cardano (
ADA
) also 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 massive surge of 70,149%, achieving $280.53 million in sales. FC Barcelona followed with $50.16 million, Paris Saint-Germain recorded $46.71 million in sales, Juventus saw $32.68 million in token sales, and OG’s fan token sales reached $28.92 million after a 643.6% increase.
Overall, the NFT market experienced significant activity and growth across various blockchains and collections, showcasing the increasing intersection between digital assets and traditional markets.
