Pudgy Penguin goes for almost $494k

The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.

The total sales volume was reached $302.2 million – a notable increase of 32.93%. This is a clear spike from last week Sales of $224 million.

This surge has been accompanied by growth in market participation. Market metrics show strong expansion across all key indicators:

• NFT buyers nearly doubled with a 92.39% increase to 349,972
• NFT sellers increased significantly by 77.18% to 207,672
• NFT transactions showed healthy growth of 7.28% to 1,651,950

Ethereum dominance strengthens

Ethereum (ETH) The NFT blockchain showed strong performance, with sales volume reaching $199.9 million. This is an increase of 73.56% over the last seven days.

The network attracted 44,220 buyers, a growth of 39.73%.

Notably, wash transactions more than doubled with an increase of 122.67% to $105.1 million, indicating increased market activity.

Bitcoins (BTC) The NFT ecosystem ranks second, down 23%, with a sales volume of $39.7 million. However, the network shows decent growth in user engagement with 38,987 buyers.

Solana (GROUND) strengthened its third position with revenue of $29.9 million, showing a modest increase of 5.14%. The network continues to see strong user participation with 104,958 buyers, an increase of 108.45%.

Mythos Chain (MYTH) retained fourth place with $10.8 million in sales, while ImmutableX (SMEs) and Polygon (Pole) complete the top positions with $6.9 million and $4.8 million respectively.

The Pudgy Penguins led a historic rally

Pudgy Penguins nearly doubled its sales to $53.9 million, an increase of 90%. The expansion of their ecosystem has been accompanied by significant growth in both transactions (104% increase) and unique buyers (81% increase).

LilPudgys came in second with $19.4 million in sales, an increase of 53.57%.

Azuki ranks third with $16.9 million in sales, a growth of 108.19%.

Doodles entered the top five with $13.4 million in sales, showing growth of 226.08%, while BRC-20 NFTs round out the top five with $9.2 million in sales.

Notable individual sales this week include:

• Pudgy Penguins #4611 sold for $493,925 (125 ETH)
• CryptoPunks #6036 sold for $444,019 (110 ETH)
• Pudgy Penguins #7891 sold for $395,140 (100 ETH)
• Azuki #6872 sold for $380,659 (108 ETH)
• Azuki #6536 sold for $372,866 (95.4774 ETH)

Bitcoin is currently trading at around $97,450.

Ethereum also rebounded to $3,400 from its recent low of $3,098. It is currently trading at around $3,403.48. The global cryptocurrency market capitalization currently stands at $3.41 trillion, down from $3.63 trillion last week.