Pudgy Penguin goes for almost $494k

The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.

The total sales volume has reached $302.2 million — a notable 32.93% increase. This is an evident spike from last week’s $224 million sales.

This surge has been accompanied by growth in market participation. The market metrics show strong expansion across all key indicators:

• NFT buyers have nearly doubled with a 92.39% increase to 349,972
• NFT sellers have grown significantly by 77.18% to 207,672
• NFT transactions have shown a healthy growth of 7.28% to 1,651,950

Ethereum dominance strengthens

The Ethereum (ETH) NFT blockchain has shown strong performance, with sales volume surging to $199.9 million. This is a 73.56% increase in the last seven days.

The network has attracted 44,220 buyers, representing…