NFT Market Rebounds 4.5% to $102.8m, CryptoPunks Sales Soar 140%

Even amid the general market's downturn, the non-fungible token (NFT) sector is exhibiting strength, with sales volume up by 4.5% to $102.8 million.

Over the past seven days, Bitcoin's value has fallen below $83,000, while Ethereum is holding steady around the $1,800 mark. The total market cap for cryptocurrencies is now $2.71 trillion, a decrease from last week's $2.77 trillion.

Data from CryptoSlam reveals that the NFT sales volume for last week was $100.9 million. This week's numbers indicate a slight rebound for the industry.

The number of NFT buyers has significantly risen by 28.9% to 451,436, while sellers have also increased by 26.5% to 285,272. However, the number of NFT transactions has decreased by 2.8% to 1,614,680.

The Ethereum (ETH) blockchain still leads the pack with $32 million in sales, a 19.4% rise from last week.

Polygon (POL) has claimed the second position with $18.1 million in sales volume, marking a robust 33.1% increase. This shift pushes Solana (SOL) down in the rankings, as its sales have declined by 4.4% to $8.7 million.

Mythos Chain ranks third with $13.7 million in sales, despite a 12.8% decrease from the previous week. Bitcoin (BTC) comes in fourth with $10.1 million, a 40.7% reduction in NFT sales volume.

Ethereum continues to dominate wash trading at $2.6 million, although this figure has dropped by 9.9% from the previous week.

In terms of collections, Courtyard on Polygon takes the lead with $15.7 million in sales and a 33.1% increase. DMarket moves to second place with $8.5 million, a decrease of 18.3% from last week.

CryptoPunks has seen the most significant growth, with sales rising by 141.4% to $6.3 million. This collection's popularity is highlighted by the top individual NFT sale of the week – CryptoPunks #2967 sold for 420 ETH ($843,070).

Guild of Guardians Heroes takes fourth place with $5.5 million in sales, a slight decrease of 1.8%. Bitcoin's BRC-20 NFTs complete the top five with $2.7 million in sales, down 19% from the previous week.

Other high-value sales in the last seven days include: