In the week ending July 6, the NFT market finally hit a green patch, with impressive sales volumes across the Ethereum (ETH) and Solana (SOL) blockchains. Here’s a detailed look at the week’s top performers and trends.
Top 5 Blockchains by NFT Sales Volume
look at me Data From Crypto Slam, Ethereum topped the NFT sales volume charts this week, raking in a staggering $44.3 million. This total included $36.77 million from direct sales and an additional $7.538 million from fake trading, underscoring Ethereum’s strength in the NFT ecosystem.
Direct sales figures improved by 15.66% compared to the previous week, although total sales are still down by more than 8%.
Solana followed, leveraging its fast and cost-effective transactions to generate $24 million in sales, up 34.3% from last week’s figures. Of that, $22.4 million came from direct transactions and $1.6 million from dummy trading.
Interestingly, wash trading on Solana increased by over 83%, while direct sales also reflected a 31% improvement from the previous week.
Bitcoin is faltering
Bitcoin (BTC), known primarily for its dominance in cryptocurrencies, recorded sales of $15.886 million — down 14.51% from the week ending June 30. The amount included $15.63 million from direct sales and a modest $255,349 from fake trading.
Despite a scalable platform, Polygon (MATIC) had a poor week, generating just $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million in phantom trading. The figure represents a drop of more than 18% from the previous week.
Legends seriesmyth) ranked fifth. It recorded sales of $3.80 million. The majority of these sales, $3.79 million, came from direct transactions, with minimal dishonest trading, reflecting a steady growth in its user base.
Top 5 NFT Collections by Sales Volume
Among the largest NFT collections by sales volume, DMarket on Mythos Chain topped the list with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the amount was about 16% lower than last week’s tally.
Ethereum’s Pudgy Penguins followed closely behind with $3.45 million, which was achieved in just 99 transactions, highlighting the high value of each transaction.
Solana’s DogeZuki collection saw $3.19 million in sales from 73,404 transactions, demonstrating its popularity among collectors. Another Solana collection, Mad Lads, saw $3.12 million in sales from 239 transactions, indicating a high level of engagement.
The popular Ethereum-based Bored Ape Yacht Club (BAYC) took fifth place with $2.57 million in sales from 83 transactions, maintaining its prominent position in the NFT world.
Top 5 Collectible NFT Sales
- The highest-valued individual NFT sales saw some impressive numbers. CryptoPunks on Ethereum continued to command high prices, with one collectible selling for $386,916.
- Solana’s BOOGLE #089 made $191,517, highlighting the vibrant NFT market on the chain.
- The innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), has sold for $90,744.
- Bitcoin Ordinal Maxi Biz recorded a sale of $84,331.
- Cardano (ADA) also made a notable entrance with one of its holdings selling for $49,078.
Top 5 Fan Codes by Sales Volume
- In the fan token space, Galatasaray’s blockchain token Chiliz (CHZ) saw a massive surge of 70,149%, generating $280.53 million in sales.
- FC Barcelona came in second with revenues of $50.16 million, reflecting strong fan engagement.
- PSG’s token continued to perform well, recording sales of $46.71 million.
- Juventus also enjoyed huge support from their fans, with token sales of $32.68 million.
- The sale of OG eSports fan tokens showed the growing intersection between sports and digital assets, reaching $28.92 million after rising 643.6%.