Sales of NFTs have fallen to $89.4 million, a significant trending decline. While NFT overall volumes and trading activity are down, specific market segments such as CryptoPunks and Bitcoin Ordinals are seeing impressive surges in their short-lived activity. The number of buyers increased on all but one blockchain. DMarket and Mythos Chain follow hot on their heels in sales. Ethereum is trading just below $1,800.
Beyond the NFT community, the overall NFT market is under a general contraction in sales volume. But even with this general drop, high-value sales continue to be outliers. Positive buyer momentum is more pronounced on some blockchains than others, exposing complex trends within the digital asset sector.
CryptoPunks seem to be defying the trend overall, with sales up 106%. The current highest sale price of a CryptoPunk #741 went to 317 ETH, roughly $500,944. At the same time, CryptoPunks #2301 was selling for 134 ETH or $233,817.
An Uncatagorized Ordinals NFT on the Bitcoin blockchain recently sold for 6 BTC or about $162,000. This super-sized deal measured $558,754 in value! This trend certainly shows us that there’s an increasing interest for Bitcoin-based NFTs. SuperRare #10093 sold for the nifty price of 173,700 USDC— roughly $173,700. At the same time, BoredApeYachtClub #6669 acquired a new owner for 99 ETH or roughly $162,584.
Taking a look at buyer activity by blockchain also upholds this trend, showing significant boosts in participation. Trailing Solana is Ethereum, ranked second at a remarkable 83.66% increase in onboarded buyers. Polygon comes in second with a 57.77% increase and Bitcoin offers a notable 52.82% growth rate in buyer count.
And finally Solana (SOL) showed amazing strength with $9.2 million sales and a 40.70% increase. DMarket has taken back the number one position with $9.9 million in sales. Behind it, Mythos Chain takes second place with $15.1 million in sales. Ethereum ETH USD +0.44% is up 0.4% and currently trades just below the $1,800 mark.
