Pudgy Penguin goes for almost $494k

According to the latest data from CryptoSlam, the NFT market has shown strength amid volatility in the crypto market.

Total sales volume reached $302.2 million, a significant increase of 32.93%. This is a marked increase from last week’s sales of $224 million.

This increase was accompanied by growth in market participation. Market metrics show strong expansion across all key indicators:

NFT buyers nearly doubled to 349,972, up 92.39% NFT sellers increased 77.18% to 207,672 NFT transactions grew a healthy 7.28% to 1,651,950. Ethereum dominance grows stronger

The Ethereum (ETH) NFT blockchain performed strongly, with sales volume rising to $199.9 million. This represents an increase of 73.56% in the last seven days.

The network attracted 44,220 buyers, representing a growth of 39.73%.

Notably, counterfeit trade more than doubled, reaching $105.1 million, up 122.67%; This indicates that market activity has increased.

Source: NFT Blockchains by Sales Volume (CryptoSlam)

Bitcoin’s (BTC) NFT ecosystem is in second place, with a 23% decline and $39.7 million in sales volume. However, the network is showing decent growth in user engagement with 38,987 buyers.

Solana (SOL) strengthened its position in third place with sales of $29.9 million, showing a modest increase of 5.14%. The network continues to show strong user engagement with 104,958 buyers, up 108.45%.

Mythos Chain (MYTH) maintained fourth place with sales of $10.8 million, while ImmutableX (IMX) and Polygon (POL) completed the top positions with $6.9 million and $4.8 million, respectively.

Chubby Penguins lead historic rally

Pudgy Penguins nearly doubled its sales to $53.9 million, a 90% increase. Ecosystem expansions were accompanied by massive growth in both transactions (up 104%) and unique buyers (up 81%).

LilPudgys ranks second with sales of $19.4 million, an increase of 53.57%.

Azuki ranks third with sales of 16.9 million dollars, showing a growth of 108.19%.

Doodles entered the top five with sales of $13.4 million, growing by 226.08%, while BRC-20 NFTs completed the top five with sales of $9.2 million.

Highest NFT sales: Data from CryptoSlam

Notable individual sales this week include:

Pudgy Penguins #4611 sold for $493,925 (125 ETH) CryptoPunks #6036 sold for $444,019 (110 ETH) Pudgy Penguins #7891 sold for $395,140 (100 ETH) Azuki #6872 sold for $380,659 (108 ETH) Azuki #6536 sold for $372.866 (95.4774 ETH)

Bitcoin is currently trading around $97,450.

Ethereum has also bounced back from its recent low of $3,098 to $3,400. It is currently trading around $3,403.48. The capitalization of the global cryptocurrency market currently stands at $3.41 trillion, down from $3.63 trillion last week.