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Courtyard and DMarket Lead Top NFT Activity Past Week
NFT sales have seen significant movement, with Courtyard on Polygon leading the market, generating $13.7 million. The platform recorded over 121,000 transactions, with a notable increase in buyers and sellers recording 48.78% and 32.96% respectively. DMarket on the Mythos chain followed closely with $11.9 million in sales, showing a 45.57% increase. It also led in transaction volume, surpassing 371,450 trades.
Guild of Guardians, built on Immutable-Zk, experienced a substantial rise, with sales reaching $5.86 million, marking a 108.99% increase. The project also showed positive trends in buyer and seller activity gaining 42.88% and 38.25%, reinforcing the growing adoption of the Immutable-Zk ecosystem.
Market Trends and Declining Collections
Despite the general upward trend, some well-known collections experienced declines. CryptoPunks on Ethereum reported a decrease in sales, with $3.03 million recorded, reflecting a 9.10% drop. Additionally, its transaction volume and buyer count declined, showing a shift in trader interest.
BRC-20 NFTs on Bitcoin witnessed a notable reduction, with sales dropping by 46.02%, alongside a decrease in buyers and sellers. Similarly, Quantum Cats, another Bitcoin-based collection, saw a 58.07% decline in sales, impacting transaction volumes and overall market activity.
Performance of Emerging and Established NFT Projects
Good Vibes Club on Ethereum recorded $3.38 million in sales, representing a 75.64% increase. However, its transaction volume declined, indicating shifting buying patterns. Another Immutable-Zk project, Guild of Guardians, secured $2.64 million, showing a 107.56% surge.
Meanwhile, Paradise on Solana and Panini America also made the top ten, with sales of $1.83 million and $1.62 million, respectively. However, Paradise faced a 39.08% decline, signaling mixed trends within the NFT space.
The NFT market continues to evolve, with certain projects gaining traction while others see reduced interest. The increasing presence of Immutable-Zk projects highlights changing dynamics, influencing how collectors and traders engage with digital assets.