NFTs Trading Sales Drop 2.36% to $17.69 Million in the Past 7 Days. CryptoPunks Lead in Sales

In the past 24 hours, the broader non-fungible token market has been struggling, indicating a decrease in user interest. The same phenomenon currently happens in the digital asset market, which today saw a significant decline triggered by macroeconomic instability and fear among investors.

However, according to data shared by Phoenix Group today, $NFT collections like Pudgy Penguins, the Band Bears, CryptoPunks, and others recorded outstanding performance, suggesting optimism in the market.

$NFT market registers decreased volumes

The wider non-fungible token market witnessed a 5.7% decrease in market valuation and a 6.7% decline in transaction volume, suggesting a declined user demand. Most major $NFT collections recorded decreased performances.

Despite the declines, Pudgy Penguins gained the spotlight with its best trading volume of $1.93 million over the past 24 hours. It was followed by the Band Bears, which recorded a $1.32 million transaction volume over the same period.

While CryptoPunks took the third position with a $994,410 trading volume, Azuki secured the fourth spot with a $909,830 transaction volume. They were followed closely by Milady Maker, which registered a $903,740 trading volume.

Lil Pudgy settled on position 6 with a transaction volume of $533,550. Others like Doodies, Courtyard, Bond Bears, and the Baby Bears also gained visibility with their transaction volumes of $443,110, $440,030, $391,020, and $384,600 respectively.

Top 5 $NFT collections with sales

Data collected by Phoenix Group also spotted that the wider $NFT market witnessed decreased trading sales volume and floor price values. The market registered total daily sales of $17.69 million, down by 2.36% over the previous day.

According to the metrics, here are the best 5 non-fungible token collectibles with the highest sales over the same period. CryptoPunk 8868 emerged the best with total sales of $554,960 in the past 24 hours. It was followed by Bond Bear with $391,020 in sales.

Boo Bears took the third position with $143,400 in sales. CryptoPunk 4550 secured position four with a sales volume of $123,440. CryptoPunk 6788 followed with $113,060 in sales.

Top 5 $NFT marketplaces by volume

Lastly, the data spotted the top 5 $NFT marketplaces by transaction volumes.

Blur emerged as the best non-fungible token market platform after recording a trading volume of $8.33 million. It was followed by OpenSea with a $6.57 million transaction volume.

CryptoPunks took the third position with an $899,000 trading volume. Element secured the fourth position with a $519,000 trading volume. Magi Eden closed the list with a trading volume of $449,000.