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NFT sales drop 4.7%, but Courtyard dethrones Cryptopunks

NFT sales drop 4.7%, but Courtyard dethrones Cryptopunks WikiBit 2025-04-12 19:00

The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from

Wash trading patterns have changed, as Polygon now leads at $2.6 million. This is a notable 232.6% increase. Ethereums wash trading also decreased by 9.2% to $2.5 million.

Regarding the top NFT collections, Courtyard on Polygon has maintained its top position with $15.6 million in sales and a 6.1% increase. CryptoPunks has elevated to second place with $9.1 million and a 168.3% surge.

DMarket is now in third place with $8.9 million, a 4.4% increase. A newcomer, f(x) wstETH position on Ethereum, has entered the rankings in fourth place with $5.8 million in sales.

Guild of Guardians Heroes completes the top five with $3.7 million in sales, up 29.4% from the previous week.

The week saw a high-value sale with CryptoPunks #3100 selling for 4,000 ETH ($6,042,922). Other notable high-value sales include:

  • CryptoPunks #1182 sold for 142 ETH ($209,310)
  • Pixel Vault Founders DAO #4 sold for 97.08 RETH ($161,511)
  • Autoglyphs #462 sold for 98.5 WETH ($149,724)
  • CryptoPunks #5361 sold for 69.69 ETH ($108,204)

OpenSea to SEC: ‘We’re not exchanges

This week, OpenSea asked the U.S. Securities and Exchange Commission (SEC) to officially declare that NFTs are not “exchanges or brokers” under U.S. securities law.

In a letter to SEC Commissioner Hester Peirce, OpenSea argued that NFTs usually have only one seller per token — so platforms like theirs dont function like traditional stock exchanges or brokers.

They emphasized that all NFT transactions happen on-chain via smart contracts, with OpenSea simply acting as a discovery tool—not an intermediary, custodian, or advice-giver.

To avoid future confusion, OpenSea is asking the SEC to issue clear guidance, like a bulletin or interpretive release, to confirm NFT marketplaces arent covered by exchange rules.

This push follows OpenSeas brush with a Wells notice last year—though the SEC dropped the investigation in early 2025 after President Donald Trump told the agency to pause crypto enforcement.

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