Ethereum leads NFT sales with $38.4 million in transactions, while Polygon’s sales surge elevated it above Bitcoin last week.
Ethereum (ETH) was the most active blockchain for NFT sales once again, with $38.4 million worth of transactions.
It is worth noting that Ethereum experienced a significant increase in cleanse trading last week, resulting in a nearly 9.5% increase in the amount of money earned from the activity, currently at $37.69 million.
Polygon (MATIC) was one of the most significant victors last week. Sales increased by 11.2%, propelling it beyond the Bitcoin (BTC) network and into the second position.
It is intriguing that the platform has continued to experience an increase in laundry trading.
Polygon experienced a 37.58% increase in laundry trading during the previous week. The quantity recorded previously was nearly doubled, with a 46% increase to $14.9 million this past week.
Bitcoin was one of the most significant casualties of the week, as it fell to third place in terms of sales volume.
The 40% decrease in sales was only marginally better than that of Fantom (FTM) and Blast (BLAST), which experienced declines of 87% and 74%, respectively.
Additionally, wash trading on the platform experienced a nearly 200% increase, even though the $63,072 generated by the activity is negligible compared to Ethereum and Polygon.
The fourth-highest sales volume of the week was maintained by Solana (SOL).
However, Immutable (IMX), the fifth-placed network from the previous week, was compelled to decline to #6 after Mythos Chain (MYTH) surpassed it with nearly $4.5 million in sales.
Zora, BNB Chain, and Panini delivered noteworthy performances. Sales volume on Zora increased by over 50%, while Panini, the parent company of NFT sports trading cards, experienced a 22% increase in revenue, resulting in a $135,000 profit.
All NFT collections that dominated the sales chart in the previous week, with the exception of Mythos’ DMarket, were absent.
However, CryptoPunks rebounded, achieving a significant 155% increase in sales volume, resulting in a total of $5.26 million and becoming the top-selling NFT collection of the week.
Following this was the DMarket mentioned above, which, despite a 9.21% decrease in sales, still managed to generate revenues exceeding $4 million.
Bored Ape Yacht Club (BAYC), another popular NFT collection built on Ethereum, managed to take the #3 spot after concluding 113 transactions that yielded nearly $3.5 million.
The sum was remarkable in that it represented a 73.66% increase in sales from the previous week.
Other collections that did well over the last week were Ethereum’s Pudgy Penguins and Solana’s DogeZuki Collection, which raked in $3.69 million and $2.43 million, respectively.
