NFT Market Overview

Over the last seven days, the NFT market experienced a significant increase in transaction volume, reflecting enthusiasm in the landscape. According to data reported by Phoenix Group today, the broader market recorded a total NFT sales volume of $171.9 million, an increase of 35.12% over the previous week. NFT buyers have risen by 128% to currently 255,301. These positive figures suggest market recovery boosted by rising interest from new traders.

Top Collections

As per the data, collections like Doodles, DMarket, Pudgy Penguins, Azuki, and Milady Maker registered incredible gains.

• Doodles emerged as the top collection after it recorded a $16.01 million sales volume over the past week.
• DMarket followed with $9.93 million in sales registered over the same period.
• While Pudgy Penguins took the third spot with $9.621 million in sales, Azuki secured the fourth position with $8.52 million in sales volume.
• Lastly, Milady Maker gained the spotlight with $8.37 million in sales recorded over the same duration.

Top Collectible Sales

The data by Phoenix Group ranked some of the top-selling NFTs over the past seven days. In an interesting development, all of the top five NFT collectible sales came from CryptoPunks.

The outstanding sales of the week were:
1. CryptoPunks #7685: $166,289.53
2. CryptoPunks #3963: $139,515.59
3. CryptoPunks #5774: $122,773.72
4. CryptoPunks #3736: $102,408.86
5. CryptoPunks #7361: $98,094.49

These transactions highlight users’ constant demand for CryptoPunks.

Top Marketplaces

Lastly, data by Phoenix Group identified top NFT marketplaces with the highest sales record over the past week:
– OpenSea: $144.86 million (most-traded marketplace)
– Blur: $31.79 million (second most-traded marketplace)
– Element Market: $4.58 million
– Magic Eden: $4.53 million
– Immutable X Marketplace: $3.02 million