NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack

In the week ending July 6, the NFT market finally hit a green patch, with impressive sales volumes across the Ethereum (ETH) and Solana (SOL) blockchains. Here’s a detailed look at the week’s top performers and trends.

Top 5 blockchains by NFT sales volume

Looking at data from Crypto Slam, Ethereum led the NFT sales volume charts this week, amassing a staggering $44.3 million. This total included $36.77 million in direct sales and an additional $7.538 million from wash trading, affirming Ethereum’s stronghold in the NFT ecosystem.

The direct sales numbers were a 15.66% improvement from the previous week, although total sales were still down more than 8%.

NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack - 1
Blockchains by weekly NFT sales volume | Source: CryptoSlam

Solana followed, leveraging its fast and cost-effective transactions to achieve $24 million in sales, which was a 34.3% increase from last week’s figures. Of the amount, $22.4 million came from direct transactions and $1.6 million from wash trading. 

Interestingly, the wash trading on Solana went up by more than 83%, with the direct sales also reflecting a 31% improvement from the previous week.

Bitcoin falters

Bitcoin (BTC), known primarily for its cryptocurrency dominance, recorded $15.886 million in sales — a 14.51% drop from the week ending June 30. The amount included $15.63 million from direct sales and a modest $255,349 from wash trading. 

Despite a scalable platform, Polygon (MATIC) had a poor week, generating only $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million from wash trading. The figure represented a dip of more than 18% from the prior week.

Mythos Chain (MYTH) rounded out the top five. It recorded $3.80 million in sales. The majority of this, $3.79 million, came from direct transactions, with minimal wash trading, reflecting a stable growth in its user base.

Top 5 NFT collections by sales volume

Among the top NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the amount was nearly 16% lower than last week’s haul.

NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack - 2
NFT collection rankings by weekly sales volume | Source: CryptoSlam

Ethereum’s Pudgy Penguins closely followed with $3.45 million, achieved through only 99 transactions, highlighting the high value of each trade. 

Solana’s DogeZuki Collection earned $3.19 million in sales from 73,404 transactions, showcasing its popularity among collectors. Another Solana collection, Mad Lads, recorded $3.12 million in sales through 239 transactions, indicating a high level of engagement. 

The iconic Bored Ape Yacht Club (BAYC) on Ethereum rounded out the top five with $2.57 million in sales from 83 transactions, maintaining its elite status in the NFT world.

Top 5 NFT collectible sales

  • The top individual NFT collectible sales featured some impressive figures. CryptoPunks on Ethereum continued to command high prices, with one collectible selling for $386,916.
  • Solana’s BOOGLE #089 fetched $191,517, highlighting the chain’s vibrant NFT market. 
  • An innovative financial NFT, gUSDC Locked Deposit on Arbitrum (ARB), sold for $90,744.
  • Bitcoin’s Ordinal Maxi Biz recorded a sale of $84,331.
  • Cardano (ADA) also made a notable entry with a collectible selling for $49,078.

Top 5 fan tokens by sales volume

NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack - 3
Top fan tokens by weekly sales volume | Source: CryptoSlam
  • In the space of fan tokens, Galatasaray’s token on the Chiliz (CHZ) blockchain saw a massive surge of 70,149%, achieving $280.53 million in sales. 
  • FC Barcelona followed with $50.16 million, reflecting strong fan engagement.
  • Paris Saint-Germain’s token continued to perform well, recording $46.71 million in sales.
  • Juventus also saw substantial support from its fans, with $32.68 million in token sales. 
  • The eSports team OG’s fan token sales underscored the growing intersection between sports and digital assets, reaching $28.92 million after skyrocketing 643.6%.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
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By Phạm Mạnh Cường

Phạm Mạnh Cường là một nhà đầu tư Tiền mã hoá và giảng dạy Blockchain ở Trường Đại học Kinh tế - Luật, Đại học Quốc gia Hồ Chí Minh, Việt Nam. Tác giả đã có bằng Thạc sĩ Khoa học máy tính từ năm 2011 tại Đại học Bách Khoa Hồ Chí Minh. Tính đến nay tác giả đã có kinh nghiệm 7 năm giảng dạy cho sinh viên về công nghệ Blockchain và 8 năm đầu tư trong lĩnh vực Tiền mã hoá từ 2016. Tác giả hiện sở hữu hàng nghìn bài viết tổng hợp, nhận định và chỉnh sửa về Tiền mã hoá và Tiền điện tử chất lượng trên Website và ở nhiều kênh khác.

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