NFTs Surge 20.67% to $122.6M Despite Plummeting Participation

Ethereum and Bitcoin Lead as Top Collections Explode

Holy smokes, the NFT market just doesn't quit! Despite buyer and seller numbers crashing harder than a crypto scam, NFT sales skyrocketed 20.67% to a whopping $122.6 million last week. That's right, folks, even with 80% fewer hands in the game, the digital art world is still on fire!

Ethereum clawed its way back to the top spot, raking in $50 million in sales. But don't sleep on Bitcoin - it leaped from sixth to second place faster than you can say "blockchain boom" amid the crypto market's wild ride. BTC smashed through the roof to a mind-blowing $117,000 all-time high, while ETH soared 17% in just seven days. Buckle up, this rollercoaster ain't slowing down!

Here's the kicker: even with the shrinking crowd, collections like f(x) wstETH and Pudgy Penguins are going nuclear, thanks to big-time players and jaw-dropping six-figure Autoglyph deals. It's the ultimate paradox - sky-high prices with fewer people to enjoy them. Who said NFTs were dead?

According to the data gurus at CryptoSlam, the NFT party's guest list has shrunk big time. Buyers nosedived 89.08% to just 88,157, while sellers took an 82.62% hit, dropping to 56,817. Ouch! But hey, at least the transactions stayed steady, creeping up 1.63% to 1,357,999. Every silver lining, right?

Ethereum's not just back, it's back with a vengeance, snagging $50 million in sales - a 133.36% explosion from last week. And guess what? Wash trading doubled, jumping 101.59% to $3.9 million. Talk about cleaning up!

Bitcoin's not playing around either, snatching second place with $15.5 million - a 50.12% boost. From sixth to second? That's what I call a comeback!

Polygon (POL) took a hit, sliding to third with $14.6 million - a 41.86% dip. But their wash trading's on the rise, up 59.20% to $914,413. Mythos Chain's holding steady in fourth with $14 million, while BNB Chain (BNB) and Immutable (IMX) are feeling the heat, dropping to fifth and sixth with $7.8 million and $6.3 million, respectively.

Across the board, buyer numbers are down for the count. Ethereum leads the fall at 86.74%, with Polygon not far behind at 88.87%, and Bitcoin at 80.22%. Oof!

f(x) wstETH isn't just at the top of the charts, it's ruling the roost with $15.8 million in sales - a mind-boggling 2,056.28% surge. And get this, it's all thanks to the big shots, with only 26 buyers and 1 seller. Talk about exclusivity!

The Courtyard on Polygon took a tumble to second place, dropping 35.06% to $12.3 million. Buyers and sellers are down 32.75% and 14.59%, respectively. Not a great week for them, but hey, they're still in the game.

DMarket's holding strong in third with $8.9 million, a slight 3% dip. Bitcoin's BRC-20 NFTs are climbing the ranks, hitting fourth with $4.3 million - a 74.64% jump. And let's not forget Pudgy Penguins, soaring into the top five with $3.2 million and a 130.49% explosion. Transactions doubled, buyers went up 146.43%, and sellers rose 107.89%. Now that's what I call a comeback!

Remember Guild of Guardians Heroes? They were the talk of the town last week, but now? Poof! Gone from the top collections like a bad dream.

And don't even get me started on the high-value sales this week. We're talking big bucks, baby!