NFT sales rise 10.6% to $115m, Doodles rally 500%

The NFT market continues its positive run with sales volume increasing by 10.69% to $115 million.

According to data from CryptoSlam, this is the second consecutive week of growth for the sector. Bitcoin price has recovered to the $103,000 level. At the same time, Ethereum has shown a 35% recovery in the last seven days and is hovering at the $2,400 level.

The global crypto market cap is now $3.33 trillion, up from last week’s $3 trillion. Despite rising sales, market participation has declined sharply, with NFT buyers dropping by 76.8% to 126,075. Also, NFT sellers fell by 74.42% to 72,336. NFT transactions have also decreased by 11.57% to 1,524,846.

Ethereum NFT sales surge 54%

Ethereum has strengthened its position with $37.5 million in sales, which surged by 54.17% from the previous week. Ethereum’s wash trading has also increased by 50.24% to $4.9 million.

Polygon maintains second place despite an 8.08% drop in sales to $19.1 million. Mythos Chain holds third place with $15.6 million.

Bitcoin sits in fourth place with $14 million, up 4.65% from last week. Solana rounds out the top five with $7.9 million. This is a 5.71% decrease in sales volume.

The buyer count has decreased across all major blockchains and Bitcoin saw the largest drop at 86.99%. Solana followed this at 86.51% and Mythos Chain at 76.68%.

In collection rankings, Courtyard on Polygon remains the market leader with $17.4 million in sales. The collection’s seller count has dropped by 42.18%.

DMarket holds second place with $10.5 million, up 4.59%. Guild of Guardians Heroes remains in third with $5.6 million and has shown a 15.44% increase.

The most notable change in the rankings involves Doodles, which has entered the top five at fourth place with $5.6 million in sales, a 490.68% increase in the last seven days.

The collection has grown across all metrics, with transactions up 769.68%, buyers up 618%, and sellers up 469.57%. The surge is likely due to the launch of their native token DOOD.

CryptoPunks has moved up to fifth place with $3.5 million in sales. The collection has experienced increases in transactions (18.52%), buyers (83.33%), and sellers (15.79%).