NFTs Show Resilience: Sales Surge 7.74%, Buyers Increase 41%

• Non-fungible token (NFT) sales have surged this week by 7.74%, despite crypto market volatility
• Ethereum (ETH) and Solana (SOL) blockchains contributed the most to total NFT sales, with $124.7 million and $22.66 million respectively
• Bored Ape Yacht Club (BAYC), Mad Lads, Azuki, Mutant Ape Yacht Club, and Captainz were the top performing NFT collections this week

Non-Fungible Token Sales Resilient Despite Crypto Market Volatility

This week was a turbulent one for the cryptocurrency market yet non-fungible token (NFT) sales remain resilient with a surge of 7.74% in weekly sales totaling $181.82 million. Data reveals that there has been an increase of 41% in NFT buyers over the course of the week compared to previous weeks.

Ethereum & Solana Top Chains for NFT Sales

Of the total weekly sales, Ethereum (ETH) blockchain contributed significantly at $124.7 million while Solana (SOL) blockchain added $22.66 million to overall NFT sales. ETH-based NFT saw a slight drop of 1.75%, whereas SOL-based NFT rose by 88.19%. The five chains that recorded highest NFT sales were ETH, SOL, MATIC, BNB, and Immutable X respectively.

Top Performing NFT Collections

The top eight performing collections on the platform were: Bored Ape Yacht Club (BAYC), Mad Lads ($8.4M), Azuki ($7.5M), Mutant Ape Yacht Club ($4.97M), Captainz ($4.84M), Blocklords Banners ($3.8M), The Heist compilation ($4.5M), Trump’s Digital Trading Cards series 2 ($3 .33 M). BAYC topped all other collections with its sale reaching up to $16 .38 million followed by a rise of 64 .07 % over the past seven days alone .

Highest Valued Individual NFT Sale

The individual sale which fetched highest sum was Cryptopunk # 2 , 356 amounting to $ 380 , 483 followed by Azuki # 6 , 954 selling for $$ 358 , 249 . Autoglyphs # 145 secured third highest sale selling for $$ 286 , 709 followed by Azuki # 5 , 523 sold at $$ 253 , 464 and Vethena # 9 , 130 sold at $$ 223 , 161 taking fifth spot in line .

Dominant Collections on Platform

Cryptopunk collection continues to dominate on platform having highest floor value followed closely by Bored Ape Yacht Club then Mutant Ape Yachtclub then Azuki then Otherdeeds . Notable collections that have experienced double – digit floor rise include BAYC , MAYC , Autoglyphs and Captainz .