NFT Market Sees Steady Growth Amid Crypto Slump
The NFT market has shown resilience, with sales climbing 8.13% to $129.1 million.this marks the third straight week of gains, even as the broader crypto market faces challenges.
Market participation has surged, with buyer numbers more than doubling and sellers increasing by 140%. Despite this, NFT transactions have dipped slightly by 7.99%.
While Bitcoin and Ethereum prices have fallen, the NFT market continues to thrive. Ethereum remains the top blockchain for NFT sales, with $45.2 million in transactions. though, BNB Chain has surged to second place, seeing a massive 197.21% growth to $25.5 million.
- ethereum leads with $45.2 million in sales.
- BNB Chain surges to second with $25.5 million.
- Base ranks third with $13.7 million.
Notable collections like Vesting NFT on BNB Chain and DX Terminal on Base have performed well. Pudgy Penguins has also seen a 15% rise in value.
High-value sales include CryptoPunks and BOOGLE, with some pieces fetching over $200,000. This data, sourced from CryptoSlam, highlights the NFT market’s strength despite crypto’s downturn.
