The NFT market saw a positive uptick in the week ending July 6, with Ethereum and Solana leading the pack in terms of sales volume. Here’s a breakdown of the top performers and trends from the past week.
Ethereum (ETH) dominated the NFT sales volume charts, raking in a total of $44.3 million. This included $36.77 million from direct sales and an additional $7.538 million from wash trading. Despite a 15.66% improvement in direct sales from the previous week, total sales were still down by more than 8%.
Solana (SOL) followed closely behind Ethereum, generating $24 million in sales. Of this amount, $22.4 million came from direct transactions and $1.6 million from wash trading. Notably, Solana saw an 83% increase in wash trading and a 31% improvement in direct sales compared to the previous week.
Bitcoin (BTC) experienced a 14.51% drop in sales, totaling $15.886 million. The majority of this amount came from direct sales, with only a modest contribution from wash trading. Polygon (MATIC) also had a lackluster week, with $20.11 million in sales, down by more than 18% from the prior week.
Mythos Chain (MYTH) rounded out the top five blockchains with $3.80 million in sales, primarily from direct transactions. Among the top NFT collections by sales volume, DMarket on the Mythos Chain led the pack with $3.53 million. Ethereum’s Pudgy Penguins, Solana’s DogeZuki Collection, Solana’s Mad Lads, and Ethereum’s Bored Ape Yacht Club also made it to the top five.
In terms of individual NFT collectible sales, CryptoPunks on Ethereum continued to fetch high prices, with one collectible selling for $386,916. Solana’s BOOGLE #089, gUSDC Locked Deposit on Arbitrum (ARB), Bitcoin’s Ordinal Maxi Biz, and Cardano (ADA) also made notable entries in the top five.
Fan tokens also saw significant activity, with Galatasaray’s token on the Chiliz (CHZ) blockchain leading the pack with $280.53 million in sales. FC Barcelona, Paris Saint-Germain, Juventus, and OG’s fan tokens also garnered substantial support from fans.
Overall, the NFT market witnessed a mix of highs and lows in terms of sales volume and individual collectible prices. Ethereum and Solana emerged as the dominant blockchains, with CryptoPunks and other popular collections driving sales and engagement in the space.