Weekly NFT Report by Phoenix: NFT Volume Rankings See Surprising Climbers

The NFT market experiences swift development while newer NFT projects introduce competitive challenges to established collection rankings. Phoenix Group published a weekly sales volume report, which demonstrated changes in the market through emerging names utilizing multiple blockchains and active communities that rose up in rankings.

Courtyard Maintains the Crown with Steady Growth

Courtyard holds the leading position in the sales rankings after accumulating $18.15 million in weekly revenue with a 3.77% growth. With over 133,000 transactions and 13,320 buyers, Courtyard’s consistent performance showcases its growing appeal and stable investor interest in a fluctuating market.

DMarket and Guild of Guardians Sustain Strong Positions

The weekly sales figure for DMarket reached $9.50 million though it dropped slightly by 5.72% during that period. DMarket stands out as the top collection because it serves 20,586 buyers who conducted over 273,000 transactions. The steady growth of Guild of Guardians resulted in third-place earnings of $4.21 million while adding 1.10% to its sales volume which reflects project sustainability.

CryptoPunks and Pudgy Penguins See Sharp Declines

Legacy collections preserve their prestige, but their weekly performance statistics provide signals that their market reach is declining slowly. During the weekly period of decline, CryptoPunks fell by 56.37%, leading to $3.43 million, which attracted only 22 buyers who conducted 34 transactions. Analysis of the Pudgy Penguins NFT market showed a drop to $1.20 million during this week as the asset fell by 22.55%. The current market statistics show prominent NFT collections cannot escape dropping values.

Solana Monkey Business and Good Vibes Club Make Explosive Gains

Solana-based NFT projects took the lead spot in the unexpected breakout section. Solana Monkey Business achieved unprecedented success, portraying a 361.08% growth, which elevated the weekly trading volume to $1.08 million through 78 buyers. Both Good Vibes Club and Solana Monkey Business witnessed significant growth, with Good Vibes Club reaching $981.10K as 370 buyers conducted 1,169 transactions. The large increase in Solana NFT sales represents rising community interest in interactive solutions combined with aesthetic style as Ethereum NFT investment stagnates.

Mid-Tier Collections Show Resilience Amid Market Swings

Five popular NFT collections, including Sorare, Mutant Ape Yacht Club, DogeZuki, Taproot Wizards, and Panini, refined their positions in the middle of the ranking lineup. Sorare maintained its upward trend by raising its value to $890.60K while gaining more than 13,000 buyers. DogeZuki surged up 24.59% while reaching $813.72K in volume sales and drawing a loyal following of 16,000 buyers. Taproot Wizards recorded a 51.53% decline in their revenue stream while maintaining a total of $746.38K at the same time, as Panini experienced a 2.70% revenue boost up to $ 742.35 K.

Market Sentiment Signals a Changing Tide

The NFT sales statistics from this past week demonstrate that CryptoPunks and Pudgy Penguins, along with Ethereum blue-chip NFTs, face a decline in sales while new-age and Solana-based NFTs continue to gain significant traction. The steady success of Courtyard NFTs combined with Solana Monkey Business and Good Vibes Club expansion suggests users might be shifting their preferences in the market.