According to CryptoSlam data, NFT (non-fungible token) sales volume has climbed by 5.98% to $161.7 million.

Notably, market participation is hot. The number of NFT buyers increased by 126.59% to 382,846 and sellers rising by 124.15% to 341,290. NFT transactions also increased by 2.48% to 1,703,436.

At the same time, Bitcoin (BTC) price has continued its decline, now sitting at the $106,000 level. Ethereum (ETH) has also slipped further to $3,800.

The global crypto market cap has contracted to $3.62 trillion, down from last week’s $3.78 trillion. However, the NFT sector is showing signs of recovery with improved market participation.

45.com dominates, Pudgy Penguins follow

The 45.com collection on Ethereum has claimed the top spot with $31.28 million in sales across 9,607 transactions. The collection attracted 4,980 buyers but had only 5 sellers, resulting in flat growth of 0.00%.

Pudgy Penguins secured second place with $15.61 million in sales, posting a 165.38% increase from last week’s $6.63 million.

The Ethereum collection processed 528 transactions, with 252 buyers and 220 sellers participating. LilPudgys also performed well, landing in seventh place at $4.60 million with a 27.24% gain.

DX Terminal on Base dropped to third with $9.99 million, down 23.84% from last week’s $13.03 million. The collection recorded 553,255 transactions with 106,605 buyers and 105,740 sellers.

DMarket held fourth position at $8.07 million, up 4.78% from last week’s $7.72 million. The Mythos-based collection saw 215,010 transactions.

Bored Ape Yacht Club climbed to fifth with $5.47 million, up 2.78% from last week’s $5.30 million. The coll

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Author: Vignesh Karunanidhi