Weekly Charts Are Topped By CryptoPunks By 558 % As The NFT Market Recovered

However, this time, following a successful week for the NFT collection, CryptoPunks is making headlines once more. On Crypto Slam, the renowned NFT collection is at the top of various charts. As markets rebound, CryptoPunks maintains its lead over the BAYC collection in the current rankings.

The CryptoPunks collection is back and is still comfortably occupying the top spot on the NFT sales ranking. The collection’s sales volume during the past week has surpassed $25.3 million, an increase of 558 percent. The arch rival BAYC amassed slightly over $12.4 million at the same time.

Analytics platforms are closely monitoring the brisk sales, nevertheless. Santiment acknowledged a sharp rise in “Punks OTC” transactions over the previous 30 days. The largest transaction during this time was a 120 ETH ($140k) CryptoPunks NFT.

Recently, the NFT space has seen a rise in popularity for NFT OTC (over-the-counter) trading. It enables customers to purchase their preferred NFTs for little to no cost. In addition, holders and potential buyers are becoming interested in NFT Finance (or NFTFi) protocols. To encourage greater engagement in the NFT market, NFTFi also provides other services like lending, borrowing, and renting holdings.

When it comes to NFT sales volume, CryptoPunks is currently dominating the daily and weekly charts. According to Crypto Slam, sales on the daily chart have increased by 391 percent to $7.11 million. The current increase on CryptoPunks is indicative of the last weeks’ overall rise of the NFT market. The second quarter’s crypto carnage has been challenging for the NFT market as prices have fallen precipitously.