DX Terminal and Pudgy Penguins Surge Amid NFT Market Cool

The Non-Fungible Token (NFT) market has slowed down sharply, with both sales and user activity falling. However, some collections like DX Terminal and Pudgy Penguins are still doing well, even as total NFT sales dropped by 33.56%. 

NFT Sales Plunge, but DX Terminal Defies the Drop

Data from CryptoSlam showed that NFT sales volume fell to $169.7 million, down from $256.9 million the previous week. This marks one of the steepest drops seen in months. 

Still, a few collections stood out. DX Terminal, built on the Base blockchain, led the week with $13.03 million in sales, up 50.20% from last week. It also saw over 570,000 transactions, with nearly 170,000 buyers and sellers, showing strong demand for Base-based NFTs. 

CryptoPunks fell to second place with $11.06 million in sales, down 36.92%. The digital art collection recorded 48 transactions among 26 buyers and 30 sellers. DMarket, built on Mythos Chain, stayed third with $7.72 million in sales, saw a small 3.33% dip, while handling over 225,000 transactions. 

Avalanche and Ethereum Collections Show Mixed Results

Pharaoh V3 Non Fungible was one of the week’s biggest surprises. The Avalanche-based collection jumped to fourth place with $7.34 million in sales, a huge 41,365.84% rise. It recorded 554 transactions from 101 buyers and 38 sellers, making it a rare bright spot for Avalanche NFTs.

In contrast, Moonbirds fell sharply to fifth place, with sales dropping 60.89% to $7.01 million. The project handled 512 transactions with 205 buyers and 243 sellers, showing weaker market sentiment.

Pudgy Penguins saw a boost after recently launching its new mobile game, Pudgy Party. The Ethereum-based NFT reached sixth place with $6.63 million in sales. This is a 16.98% rise from last week’s $5.67 million. Bored Ape Yacht Club (BAYC) followed in seventh place with $5.30 million in sales, a big 90.38% rise. The collection saw 174 transactions, showing renewed interest from high-end NFT traders.

Ethereum Still Dominates, but Base and Bitcoin Gain Ground

Despite the market downturn, Ethereum remains the leading blockchain for NFT sales, with $86.46 million, although this is now down by 9.34% from last week. The network recorded $12.46 million in wash trading, bringing the total volume to $98.92 million. 

Base held strong in second place with $15.56 million in sales, marking a 39.75% gain. Bitcoin NFTs climbed to third with $14.04 million, up 20.92% from the previous week. This highlights the growing interest in Ordinals and Bitcoin-native assets. 

In addition, Mythos Chain recorded $12.86 million in sales, down 2.13%, while Avalanche jumped 373.13% to $10.63 million. Solana-based NFTs raked in $7.58 million, showing a small weekly gain of 0.81%.