FameEX Hot Topics | Ethereum NFTs Lead 7-Day Sales Rankings as ETH Approaches $4K

CryptoPunks continues to dominate the NFT market, holding the top position by market capitalization with a valuation of $1.8 billion, according to NFT Price Floor data. This iconic collection remains a strong leader in the NFT space, showcasing the enduring appeal of early NFT projects. Despite the rise of newer collections, CryptoPunks has managed to retain its position at the forefront of the market.

Ethereum-based non-fungible tokens (NFTs) have captured a significant share of the market, taking over the latest seven-day sales rankings. Of the top 10 collections by total sales volumes, nine were Ethereum-based. Notable collections leading the charge included CryptoPunks, Pudgy Penguins, Moonbirds, and Azuki. These Ethereum-based collections have been driving much of the sales activity in the NFT space recently, underlining the strong presence of Ethereum in the market.

Interestingly, the only non-Ethereum collection to make it into the top 10 was Courtyard NFTs, which are based on the Polygon network. However, Ethereum-based collections dominated the scene, particularly as the price of ETH surged. On Monday, Ethereum prices surged past $3,800, marking a nearly 27% increase from $3,000 on July 14. This price rise has likely contributed to the increase in Ethereum-based NFT sales.

CryptoPunks led the sales for the week, recording an impressive $15.5 million in weekly sales, which represented an 11,736% increase from the previous week. Pudgy Penguins and Bored Ape Yacht Club (BAYC) followed closely behind, with $2.69 million and $2.38 million in sales, respectively. BAYC experienced a remarkable 1,051% increase in sales, showing a strong rise in both buyers and sellers.

In addition to sales volume, the average sales price of NFTs has also seen significant increases. Pudgy Penguins’ average sales price rose to nearly $50,000, up 52% from the previous week, while CryptoPunks’ average sales price climbed to $155,000, a 21% increase. The broader NFT market has also seen growth, with the market value reaching $6.34 billion in the last 24 hours, reflecting a 21.2% increase.

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