NFT Sales Decrease 5.3% to $100.9m, Bitcoin-Linked NFT Sales Plummet 30%

Despite a minor recovery in cryptocurrency prices, with Bitcoin reaching $84,000 and Ethereum staying around $1,900, the NFT market has continued its downward trajectory.

The total value of the global crypto market has increased to $2.77 trillion, up from last week's $2.73 trillion.

According to data from CryptoSlam, the volume of NFT sales has decreased to $100.9 million, a drop of 5.34% compared to the previous week. Even though sales have fallen, there has been a significant rise in both the number of buyers and sellers participating in the market.

The weekly statistics show:

Ethereum (ETH) NFT sales have also experienced a decline of 13.03%, dropping to $27.7 million. However, the number of buyers has increased by 42.17% to 44,850. As per the data, wash trading has reduced by 6.53% to $2.8 million.

Bitcoin (BTC) has seen an even more drastic decrease of 30.69% to $16.3 million, but it still holds the second position overall. The network has witnessed a rise in buyer participation by 63.67% to 31,251.

Mythos Chain has moved in the opposite direction, with a modest gain of 3.12% to $15.6 million, maintaining its third place. Polygon (POL) has fallen 5.81% to $13.3 million in fourth position, while Solana (SOL) has experienced a 5.25% drop to $9.4 million, finishing in the top five.

Courtyard remains in the lead with $11.5 million in sales, although it has seen a decrease of 6.95%. The Polygon-based project has seen transaction volume grow by 4.76% to 100,285.

DMarket has climbed to second place with $10.4 million, an increase of 4.44%, and has maintained strong volume with 333,211 transactions. Guild of Guardians Heroes has held its position in third with $5.6 million, posting impressive growth of 159.46%.

Good Vibes Club has remained in fourth place with $4.0 million, up 264.67%, while BRC-20 NFTs have continued to lose ground in fifth place with $3.2 million, falling 43.57%. CryptoPunks has dropped to sixth place with $2.6 million, down 15.52%.

Noteworthy sales this week included: