Markets
Ethereum, Solana dominate, CryptoPunks lead the pack
In the week ending July 6, the NFT market finally hit a positive note, with impressive sales volumes across Ethereum (ETH) and Solana (SUN) blockchains. Here’s a detailed analysis of the week’s top performers and trends.
Top 5 Blockchains by NFT Sales Volume
Looking at data According to Crypto Slam, Ethereum topped the NFT sales volume charts this week, racking up an impressive $44.3 million. This total included $36.77 million in direct sales and an additional $7.538 million from wash trading, affirming Ethereum’s stronghold in the NFT ecosystem.
Direct sales figures represented a 15.66% improvement over the last weekalthough total sales still fell by more than 8%.
Blockchains by Weekly NFT Sales Volume | Source: CryptoSlam
Solana followed suit, leveraging its fast and cost-effective transactions to reach $24 million in sales, which was a 34.3% increase from last week’s figures. Of this amount, $22.4 million came from direct transactions and $1.6 million from wash trading.
Interestingly, money laundering in Solana rose more than 83%, with direct sales also reflecting a 31% improvement over the previous week.
Bitcoin falters
Bitcoin (BTC), known primarily for its dominance in cryptocurrencies, recorded $15.886 million in sales — a 14.51% drop from the week ending June 30. The figure included $15.63 million in direct sales and a modest $255,349 in wash trades.
Despite being a scalable platform, Polygon (MATIC) had a bad week, generating just $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million in wash trading. The number represented a drop of more than 18% compared to the previous week.
Chain of Myths (MYTH) rounded out the top five. It recorded $3.80 million in sales. The bulk of that, $3.79 million, came from direct transactions, with minimal wash trading, reflecting steady growth in its user base.
Top 5 NFT Collections by Sales Volume
Among the top NFT collections by sales volume, DMarket on Mythos Chain led the way with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the figure was nearly 16% lower than last week.
Ethereum’s Pudgy Penguins came next with $3.45 million raised through just 99 transactions, highlighting the high value of each trade.
Solana’s DogeZuki Collection grossed $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 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
- Top individual sales of NFT collectibles saw some impressive numbers. CryptoPunks on Ethereum continued to command high prices, with one collectible selling for $386,916.
- Solana’s BOOGLE #089 raised $191,517, highlighting the network’s vibrant NFT market.
- An innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.
- Bitcoin Ordinal Maxi Biz recorded a sale of $84,331.
- Cardano (ADA) also made a notable entry with a collectible item selling for $49,078.
Top 5 Fan Tokens by Sales Volume
- In the fan token space, Galatasaray’s Chiliz token (CHZ) blockchain saw a massive 70,149% increase, reaching $280.53 million in sales.
- FC Barcelona came next 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 received substantial support from its fans, with $32.68 million in token sales.
- Fan token sales by eSports team OG highlighted the growing intersection between sports and digital assets, reaching $28.92 million after surging 643.6%.