NFT Market Defies Crypto Winter With 17% Sales Surge—Newcomer Collection Skyrockets 470%

Dead cat bounce or genuine revival? NFT sales just clawed back $130.7 million this week—a 17% jump that’ll have bored apes popping champagne. Meanwhile, some no-name collection you’ve never heard of posted a 470% sales explosion. Guess the ’utility’ was convincing enough for greater fools.

Wall Street analysts remain unimpressed—probably too busy calculating their 17th consecutive quarter of ’blockchain integration’ consulting fees.

Ethereum sales are up by 21%

Ethereum remains the dominant blockchain for NFTs, with $41.3 million in sales, up 21.47% from the previous week. Ethereum’s wash trading has decreased by 14.85% to $4.5 million.

Bitcoin has surged to second place with $22.6 million in sales, showing a growth of 53.53%. Polygon (POL) has dropped to third place with $14.5 million, dropping 22.85%. Despite this, Polygon’s wash trading has surged by 49,260.97% to $1.3 million.

Mythos Chain holds fourth position with $13.3 million, though sales are down 19.62%. solana (SOL) completes the top five with $8.9 million and rebounded with a 17.31% increase.

Buyer counts have increased across all blockchains, with Bitcoin seeing 275.4% growth, Solana 237.33%, and Polygon 233.6%.

In collection rankings, Courtyard on Polygon maintains its top position despite a 31.02% decline to $11.7 million in sales. The collection has seen decreases across all metrics. This includes transactions (29.87%), buyers (17.67%), and sellers (39.82%).

DMarket remains in second place with $8.2 million; however, it has fallen 28.01%. Bitcoin’s BRC-20 NFTs have climbed to third place with $7.1 million and posted a 107.81% increase.

CryptoPunks has moved up to fourth place with $7 million in sales and has doubled with 97.09% growth. The collection has seen increases in transactions (52.94%), buyers (45.83%), and sellers (62.5%).

A newcomer, XSY Deposit on Avalanche (AVAX), entered the rankings in fifth place with $6.8 million. The collection’s sales have grown by 469.59%.

Notable high-value sales from this week include:

• Known Origin #30101 sold for 410,532.5625 USDC ($410,532)
• CryptoPunks #3281 sold for 148 ETH ($384,286)
• CryptoPunks #1507 sold for 80 ETH ($204,711)
• CryptoPunks #9460 sold for 81 ETH ($202,324)
• Mutant Ape Yacht Club #30001 sold for 194,815.0469 USDC ($194,815)