FameEX Hot Topics | Ethereum NFTs Take the Lead in 7-Day Sales, ETH Nears $4K

CryptoPunks remains the dominant NFT collection, holding the top spot by market capitalization with a valuation of $1.8 billion, according to NFT Price Floor data. This iconic collection continues to lead the NFT space, reflecting the lasting appeal of early NFT projects. Despite the emergence of newer collections, CryptoPunks maintains its leadership position in the market.

Ethereum-based NFTs have claimed a significant portion of the market, dominating the latest seven-day sales rankings. Out of the top 10 collections by total sales volume, nine were Ethereum-based, including popular collections like CryptoPunks, Pudgy Penguins, Moonbirds, and Azuki. These Ethereum-based projects have driven much of the recent sales activity, highlighting Ethereum's strong presence in the NFT market.

Interestingly, the only non-Ethereum collection in the top 10 was Courtyard NFTs, a Polygon-based collection. Despite this, Ethereum-based NFTs dominated the rankings, especially as Ethereum prices surged. On Monday, ETH prices surpassed $3,800, marking a nearly 27% increase from $3,000 on July 14. This price increase likely fueled the rise in Ethereum-based NFT sales.

CryptoPunks led the weekly sales, recording $15.5 million in sales, an astonishing 11,736% increase from the previous week. Pudgy Penguins and Bored Ape Yacht Club (BAYC) followed, with $2.69 million and $2.38 million in sales, respectively. BAYC saw a significant 1,051% rise in sales, indicating strong growth in both buyers and sellers.

Alongside sales volume, average sales prices for NFTs have risen dramatically. Pudgy Penguins’ average price surged to nearly $50,000, up 52% from the previous week, while CryptoPunks' average price rose to $155,000, a 21% increase. Overall, the NFT market saw substantial growth, with the market value reaching $6.34 billion in the last 24 hours, reflecting a 21.2% rise.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.