Ethereum
Ethereum and Solana dominate, CryptoPunks lead the dance
During the week ending July 6, the NFT market finally reached a green zone, with impressive sales volumes on Ethereum (ETH) and Solana (GROUND) blockchains. Here’s a detailed look at the week’s top performers and trends.
Top 5 Blockchains by NFT Sales Volume
Look data According to Crypto Slam, Ethereum topped the charts for NFT sales volume this week, raking in a staggering $44.3 million. This total included $36.77 million in direct sales and an additional $7.538 million from wash trading, affirming Ethereum’s dominance in the NFT ecosystem.
Direct sales figures showed an improvement of 15.66% compared to the previous weekalthough total sales are still down more than 8%.
Blockchains by weekly NFT sales volume | Source: CryptoSlam
Solana then took advantage of its fast and profitable transactions to generate $24 million in revenue, a 34.3% increase over last week’s figures. Of this, $22.4 million came from direct transactions and $1.6 million from fictitious transactions.
It is interesting to note that wash trading on Solana increased by more than 83%, with direct sales also reflecting a 31% improvement over the previous week.
Bitcoin falters
Bitcoin (Bitcoin), known primarily for its dominance in cryptocurrencies, recorded $15.886 million in sales, down 14.51% from the week ending June 30. The amount included $15.63 million from direct sales and a modest $255,349 from wash trading.
Despite a scalable platform, Polygon (MATICS) had a poor week, generating just $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million in finished product sales. That figure represents a drop of more than 18% from the previous week.
Mythos Channel (MYTH) rounded out the top 5. It recorded revenue of $3.80 million. The majority of this amount, $3.79 million, came from direct transactions, with minimal fictitious transactions, reflecting steady growth in its user base.
Top 5 NFT Collections by Sales Volume
Among the top-selling NFT collections by volume, DMarket on the Mythos chain made $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the amount was nearly 16% lower than last week.
Ethereum’s Pudgy Penguins followed closely with $3.45 million, raised from just 99 transactions, highlighting the high value of each transaction.
Solana’s DogeZuki collection generated $3.19 million in sales from 73,404 transactions, indicating its popularity among collectors. Another of Solana’s collections, Mad Lads, generated $3.12 million in sales from 239 transactions, indicating a high level of engagement.
The iconic Bored Ape Yacht Club (BAYC) on Ethereum rounded out the top five with $2.57 million in sales from 83 transactions, maintaining its elite status in the NFT world.
Top 5 NFT Collectible Sales
- The largest individual NFT sales saw impressive numbers. CryptoPunks on Ethereum continued to post high prices, with one collectible selling for $386,916.
- Solana’s BOOGLE #089 fetched $191,517, highlighting the vibrancy of the chain’s NFT market.
- An innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.
- Bitcoin’s Maxi Biz Ordinal recorded a sale of $84,331.
- Cardan (ADA) also made a notable entrance with a collectible item selling for $49,078.
Top 5 Fan Tokens by Sales Volume
- In the fan token space, the Galatasaray token on the Chiliz (CHZ) Blockchain saw a massive increase of 70,149%, achieving $280.53 million in sales.
- FC Barcelona follows with $50.16 million, reflecting strong fan engagement.
- The Paris Saint-Germain token continued to perform well, recording $46.71 million in sales.
- Juventus also enjoyed substantial support from its fans, with $32.68 million in token sales.
- Esports team OG’s fan token sale highlighted the growing intersection between sports and digital assets, reaching $28.92 million after soaring 643.6%.