Ethereum has taken a dominating lead on the marketplace, as NFT sales continue to skyrocket up to $125.1 million. Recent data underscores Ethereum’s comeback, fueled by a notable increase in sales and a decrease in wash trading. Individual CryptoPunks NFTs sell for millions, reinforcing the long-term appeal of scarce digital collectibles.
Ethereum has seen a huge 31.77% rise. This tremendous growth has made Ethereum a major force to be reckoned with in the NFT ecosystem. At the same time, the platform’s wash trading has tanked by 97.45% and is currently just $34,545.
Other platforms reflect notable activity. Immutable sales reached $33.3 million, an increase of 15.34%, making Immutable the second-largest Web3 gaming platform. By comparison, Polygon saw a 29.42% drop in sales, down to $16.5 million. DMarket’s sales were $8.9m, down 1.66%.
Various high-dollar CryptoPunks transactions have gotten the market all hot and bothered. Famous CryptoPunks #1831 sold for 150 ETH (~$389,846). CryptoPunks #9778 sold for 150 ETH, which at the time was worth $377,958. Recent sales in the market include CryptoPunks #4868 for 76.5 ETH or $201,933. Some recent impressive transactions are CryptoPunks #5586 for 70.07 ETH ($185,292) and CryptoPunks #7516 for 60 ETH ($158,378). These sales underscore the continued demand and cultural significance of CryptoPunks in the NFT ecosystem.
