Ethereum NFTs Lead Sales Rankings Amid Ether Price Surge

According to Cointelegraph, Ethereum-based non-fungible token (NFT) collections have dominated the latest seven-day sales rankings, capturing nine out of the top ten spots by total sales volumes. Data from CryptoSlam revealed that popular collections such as CryptoPunks, Pudgy Penguins, Moonbirds, and Azuki were among the top performers. The only non-Ethereum collection in the top ten was the Polygon-based Courtyard NFTs. The rise in Ethereum-based NFT sales coincided with Ether (ETH) nearing the $4,000 mark. On Monday, ETH prices surged past $3,800, marking a significant increase of nearly 27% from $3,000 on July 14. At the time of reporting, ETH was trading at $3,815.13, according to CoinGecko. CryptoSlam data indicated that CryptoPunks led the week with a $15.5 million weekly sales record, representing an astonishing 11,736% jump compared to the previous week, making it the top-performing collection by a substantial margin. Pudgy Penguins and Bored Ape Yacht Club (BAYC) collections followed with $2.69 million and $2.38 million in sales, respectively, securing the second and third positions. BAYC experienced a 1,051% increase in sales alongside a notable rise in buyers and sellers. Meanwhile, DappRadar data presented a slightly different narrative. Although nine out of the ten collections at DappRadar were also Ethereum-based, Pudgy Penguins emerged as the number one collection. DappRadar reported that Pudgy Penguins had a trading volume exceeding $20 million, while CryptoPunks recorded $17.6 million. The NFT data aggregator noted that the average sales price of Pudgy Penguin NFTs climbed to nearly $50,000, up 52% compared to the previous week. In contrast, CryptoPunks’ average sales price rose to $155,000, a 21% increase. CryptoSlam measures sales volumes, which include both primary (minting) and secondary sales, whereas DappRadar measures trading volumes, encompassing all transaction data from decentralized applications (DApps). In terms of market capitalization, Ethereum-based NFTs continue to dominate. NFT Floor Price, which tracks the valuations of NFT collections, shows that nine out of the top ten NFTs by market cap are Ethereum-based, with the Solana-based Mad Lads being the only exception. The data indicates that CryptoSlam leads with a $1.8 billion valuation, followed by Pudgy Penguins at $556 million, and BAYC at nearly $500 million. Beyond Ethereum NFTs leading the top ten charts, the broader NFT market is also experiencing growth, with the market jumping to $6.34 billion in the last 24 hours, up 21.2%.