Memecoin
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- Ethereum NFTs are leading the 7-day total sales volume across all chains
- CryptoPunks, Moonbirds, and Pudgy Penguins are among the Ethereum NFTs with the highest volume
- The increase in volume is influenced by the rise in ETH price
Ethereum NFTs have the highest 7-day NFT sales volume across all chains in the last week, with CryptoPunks, Moonbirds, and Pudgy Penguins taking the lead. Out of the top 10 NFTs by sales volume, six are powered by Ethereum and two live on Ethereum scaling layers. The rise in volume is attributed to an increase in the price of ETH, which has been on an upward trajectory, reaching a weekly high of over $3,800 from a low of roughly $2,900.
Memecoin CryptoPunks Take the Lead
According to NFT data tracking platform CryptoSlam, CryptoPunks lead with the highest 7-day sale volume of nearly $20 million, with its volume and the number of transactions increasing by 500% and 329%, respectively.
f(x)wstETH position collection ranks second with a volume of $12 million. Pudgy Penguins, BAYC, and Moonbirds occupy positions four, five, and eight, respectively, with a 7-day sales volume ranging from $3 to $10 million.
The Courtyard NFT collection, which lives on the Ethereum scaling layer Polygon, is at number three with a volume of $10.4 million. Guild of Guardians, an NFT collection powered by Ethereum layer 2 Immutable, is another Ethereum-affiliated NFT collection on the list with a sales volume of slightly above $4 million.
Non-Ethereum NFTs on the top ten list include DMarket, which lives on Mythos and Bitcoin’s BRC-20 NFTs. When the list is expanded to the top 20 collectibles by sales volume, It includes NFTs from Solana and BNB.
Memecoin Ethereum Beats Bitcoin, Polygon, and BNB Chain
The spike in Ethereum-based NFTs’ sales volume gives Ethereum a lead, putting its total 7-day NFT sales volume at $107 million. Bitcoin comes second with $15.7 million, followed by Polygon at $12.8 million. BNB Chain and Solana close the list of the top five blockchains by NFT sales volume with $9 and $8.9 million, respectively.
The NFT sales volume spike comes three months after CryptoSlam disclosed that the number of weekly NFT buyers was on the rise, while the volume was declining, suggesting that collectors were going for low-priced collectibles.
With the ETH price contributing to the rise, the volume may drop or skyrocket depending on whether ETH’s price will drop or increase.
