Pudgy Penguins waddle higher despite overall NFT sales slump

by Lester White

DX Terminal and Tubby Penguins are sizzling despite the total coolness of the NFT (non-fungible token) market.

Summary
  • NFT gross sales dropped 34% to $169.7M, but transactions rose by 1.99% to 1,920,271.
  • DX Terminal topped collections with $13M in gross sales, up over 50% this week.
  • Ethereum led with $86M NFT gross sales, though patrons fell more than 80% total.

In step with CryptoSlam knowledge, NFT gross sales volume has dropped by 33.56% to $169.7 million, down from closing week’s $256.9 million.

The pullback has been more severe for market contributors, with NFT patrons plummeting by 75.68% to 168,946 and sellers falling by 73.94% to 152,283. Explicit NFT collections (i.e. DX Terminal and Tubby Penguins) bucked the construction.

Bitcoin’s (BTC) mark has retreated to the $112,000 level following closing week’s rally. Ethereum (ETH) has also pulled support to $3,700 from its most contemporary highs. The worldwide cryptocurrency market cap has dropped to $3.78 trillion, down from closing week’s $4.2 trillion valuation.

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DX Terminal dominates NFT collections

DX Terminal on the Inferior blockchain has taken the cease spot with $13.03 million in gross sales, up 50.20%. The sequence processed 570,066 transactions and attracted 169,973 patrons and 168,979 sellers.

CryptoPunks fell to 2nd spot with $11.06 million in gross sales, down 36.92% from closing week’s $17.33 million. The Ethereum sequence noticed forty eight transactions with 26 patrons and 30 sellers.

DMarket maintained third situation at $7.72 million, down 3.33% from closing week’s $7.95 million. The Mythos-based mostly mostly sequence recorded 225,129 transactions.

Pharaoh V3 Non Fungible on Avalanche (AVAX) surged into fourth spot with $7.34 million in gross sales, posting a huge 41,365.84% soar. The sequence had 554 transactions with 101 patrons and 38 sellers.

Tubby Penguins dawdle greater despite total NFT gross sales mosey - 2

Source: Top collections by NFT Sales Quantity (CryptoSlam)

Moonbirds dropped to fifth with $7.01 million, down 60.89% from closing week’s $18.72 million. The sequence processed 512 transactions with 205 patrons and 243 sellers.

Tubby Penguins claimed sixth spot at $6.63 million, up 16.98% from closing week’s $5.67 million. The Ethereum sequence witnessed 172 transactions, intelligent 81 patrons and 97 sellers.

Bored Ape Yacht Membership rounded out the cease seven with $5.30 million, up 90.38%. The sequence recorded 174 transactions with 103 patrons and 91 sellers.

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Ethereum maintains lead despite decline

Ethereum remained the leading blockchain for NFT gross sales with $86.46 million, down 9.34% from closing week’s $97.4 million.

The network recorded $12.46 million in wash trading, bringing its total to $98.92 million. Investors dropped sharply by 81.35% to 19,509.

Inferior held 2nd situation with $15.56 million, up 39.75% from closing week’s $10.92 million. The blockchain recorded $5.29 million in wash trading, with patrons falling 66.63% to 95,027.

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Source: Blockchains by NFT Sales Quantity (CryptoSlam)

Bitcoin climbed to third with $14.04 million, up 20.92% from closing week’s $10.97 million. The network noticed 3,188 patrons, down 86.51%.

Mythos Chain placed fourth at $12.86 million, down 2.13% from closing week’s $13.07 million. The blockchain attracted 9,568 patrons, a Seventy nine.07% lower.

Avalanche jumped to fifth with $10.63 million, surging 373.13%. The blockchain had unbiased 280 patrons, down 88.49%.

Solana (SOL) secured sixth spot with $7.58 million, up 0.81% from closing week’s $7.74 million. The network recorded 9,554 patrons, a lower of 83.18%.

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Top collectible gross sales

  • A Protoshrooms NFT led person gross sales at $470,760.50 (3.7811 BTC), sold five days within the past.
  • CryptoPunks #9205 sold for $416,002.50 (92.5 ETH) seven days within the past.
  • Wrapped Ether Rock #91 fetched $380,000 (380,000 USDC) six days within the past.
  • CryptoPunks #3390 sold for $279,243.03 (59.68 ETH) four days within the past.
  • CryptoPunks #9968 sold for $259,739.06 (58 ETH) three days within the past.
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