Ethereum-based non-fungible tokens (NFT) collections took over the latest seven-day sales rankings, accounting for nine out of the top ten collections by total sales volumes.
On Monday, CryptoSlam data showed nine of last week’s top 10 collections by sales volume were Ethereum-based NFTs, including popular collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki.
The only non-Ethereum collection in the top 10 was the Polygon-based Courtyard NFTs.
The surge in ETH-based NFT sales came as Ether (ETH) approached $4,000 mark. On Monday, ETH prices surged past $3,800, up nearly 27% from $3,000 on July 14. At the time of writing, ETH traded at $3,815.13, according to CoinGecko.
Ethereum-based collections dominate NFT charts
CryptoSlam data shows that CryptoPunks led the week with a $15.5 million weekly sales record, a 11,736% jump compared to the previous week. This makes it the top-performing collection by a wide margin.
Pudgy Penguins and Bored Ape Yacht Club collections recorded $2.69 million and $2.38 million, respectively, claiming the second and third spots in the list. BAYC saw a 1,051% increase in sales and a sharp rise in buyers and sellers.
Meanwhile, DappRadar data tells a slightly different story. While nine out of the 10 collections at DappRadar are also Ethereum-based, the number one collection at DappRadar is Pudgy Penguins.
DappRadar shows that Pudgy Penguins have a trading volume of over $20 million, while CryptoPunks only recorded $17.6 million.
According to the NFT data aggregator, the average sales price of Pudgy Penguin NFTs climbed to nearly $50,000, up 52% compared to last week. Meanwhile, CryptoPunks’ average sales rose to $155,000, a 21% increase.
CryptoSlam measures sales volumes, which count an NFT's primary (minting) and secondary sales, whereas DappRadar measures the trading volumes, which include all transaction data from decentralized applications (DApps).
Ethereum-based NFTs dominate by market capitalization
NFT Floor Price, which tracks the valuations of NFT collections, shows that nine out of the top 10 NFTs by market cap are Ethereum-based. The only outlier in the top 10 is the Solana-based NFT collection Mad Lads.
The data shows that CryptoSlam leads the pack with a $1.8 billion valuation, while Pudgy Penguins follows in second place with a $556 million market cap. Third place went to BAYC, which has a valuation of nearly $500 million.
Apart from Ethereum NFTs dominating the top ten charts, the broader NFT market is also rising. The NFT market jumped to $6.34 billion in the last 24 hours, up 21.2%.
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