NFT sales spike to $224m, Pudgy Penguins sales surge 50%

Sellings in the NFT market surged amid mixed cryptocurrency price action; While Bitcoin has reclaimed the $100,000 level, Ethereum has pulled back from last week’s $4,000 level.

According to CoinMarketCap data, the capitalization of the global cryptocurrency market contracted slightly to $3.63 trillion from $3.67 trillion last week.

According to the latest data from CryptoSlam, the NFT market increased by 16.36%, reaching $224.5 million in total sales volume. However, data shows that the number of unique buyers decreased by 73.97% to 180,641.

Ethereum network sees 21% increase

The Ethereum (ETH) blockchain continues its dominance with sales of $118.9 million, an increase of 21.33% compared to the previous period. The network saw a surge in fraudulent trading, rising 117.35% to $43.8 million.

Bitcoin (BTC) NFT ecosystem sales increased by 14.79% to $51.8 million. The network’s wash trading increased modestly by 11.30%, indicating relatively cleaner trading activity compared to Ethereum.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Solana (SOL) strengthened its position with sales of $21.4 million, a growth of 32.12%. Mythos Chain (MYTH) and ImmutableX (IMX) rounded out the top five with sales of $10.9 million and $8.5 million, respectively.

The collection rankings saw major changes: Pudgy Penguins (the collection consists of 8,888 unique penguin avatars) retained its first position. Sales volumes reached 30 million dollars, an increase of 51.53% compared to the previous period.

Pudgy Penguins went beyond digital art; The brand is now exploring various licensing opportunities, including physical products and toys inspired by NFT characters.

BRC-20 NFTs continue their strong performance with $15.5 million in sales, up 54.63%. The sales of LilPudgys, one of the important newcomers, increased by 1,021.54% and reached 13.5 million dollars.

Azuki and Guild of Guardians Heroes round out the top five; Azuki is showing particular strength, with a 179.46% increase in sales.

Highest NFT sales: Data from CryptoSlam

Notable individual sales this week include:

SuperRare #37380 sold for $425,103 (108.3 WETH) Autoglyphs #319 sold for $394,317 (100 WETH) BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (1,235.02 SOL) CryptoPunks #735 sold for $254,665 sold (68 ETH) Autoglyphs number 172 sold for $224,820 (224,820 USDC)