NFT Market Roundup: Ethereum, Solana Dominate, Top Performers and Trends
The NFT market saw a significant uptick in sales volume in the week ending July 6, with Ethereum and Solana leading the charge. Ethereum dominated the charts with a total sales volume of $44.3 million, showcasing its stronghold in the NFT ecosystem. Solana followed closely behind, recording $24 million in sales, leveraging its fast and cost-effective transactions.
Bitcoin, known for its cryptocurrency dominance, faltered with $15.886 million in sales, a 14.51% drop from the previous week. Polygon had a poor week, generating only $20.11 million in sales, reflecting a dip of more than 18%. Mythos Chain rounded out the top five with $3.80 million in sales.
Among the top NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales, followed by Ethereum’s Pudgy Penguins and Solana’s DogeZuki Collection. The iconic Bored Ape Yacht Club (BAYC) maintained its elite status in the NFT world with $2.57 million in sales.
The top individual NFT collectible sales featured impressive figures, with CryptoPunks on Ethereum commanding high prices. Solana’s BOOGLE #089 and an innovative financial NFT on Arbitrum also fetched significant amounts.
In the space of fan tokens, Galatasaray’s token on the Chiliz blockchain saw a massive surge of 70,149%, achieving $280.53 million in sales. FC Barcelona, Paris Saint-Germain, Juventus, and eSports team OG also saw substantial support from their fans, highlighting the growing intersection between sports and digital assets in the NFT market.