Bitcoin NFTs gain 5% as overall market shrinks
NFT sales drop 7.8% to $109M
While NFT sales continued to decline this week, mirroring the broader crypto market downturn, the number of buyers surged as prices dropped.
According to CryptoSlam, NFT sales volume fell by nearly 8% to $109.2 million, while transactions decreased by 5% to 1,497,932. However, the number of buyers surged nearly sevenfold to 204,693, and sellers increased by 419% to 133,708.
Blockchain performance rankings
Ethereum remained the leading network, but sales dropped 11% to $32.7 million, while buyers more than doubled to 31,517.
Bitcoin NFTs saw a 4.63% increase, reaching $22.8 million.
Mythos Chain slipped by 1.78% to $15 million, ranking third.
Polygon POL (ex-MATIC) rose by 1.63% to $13.8 million, securing fourth place.
Solana NFT sales plunged by 43.44% to $10.1 million.
Top NFT collections and market movements
Courtyard maintained the top spot with $12.2 million in sales (+3.63%), despite a 33.56% drop in transactions to 93,805.
DMarket ranked second with $9.8 million, falling 2.40% while maintaining a high volume with 316,386 transactions.
BRC-20 NFTs dropped to third place with $5.6 million, down 23.41%.
Quantum Cats, a new Bitcoin-based collection, surged 349.19% to $3.9 million, climbing to fourth place.
CryptoPunks fell to fifth place with $3.1 million in sales, plummeting by 55.55%.
Top NFT sales of the week
Beeple Special Edition #100020001 – $464,480 (464,480 USDC)
Beeple Special Edition #100020001 – $441,000 (441,000 USDC)
Knowledge Origin #30101 – $390,000 (390,000 USDC)
CryptoPunks #4220 – $251,307 (134.69 ETH)
CryptoPunks #8968 – $246,449 (128 ETH)
As we wrote, according to DappRadar's latest report, NFT trading volume has dropped by 63% between December and February—from $1.36 billion to $997 million in January, and further down to $498 million in February. However, some collections remain active.
