NFT Sales Take a Hit: Week-Over-Week Drop of 23% in the First Week of July 2023
Hey there, fellow Lolacoin readers! Here’s the scoop on the latest NFT sales news. Brace yourself for some good and bad news. Let’s dive in!
The Bad News
- A 23.39% drop in NFT sales this week compared to the earlier week.
- A significant 96.48% decrease in NFT buyers.
- A 15.26% slide in the number of NFT sales.
The Good News
- ETH-based NFT sales led the pack with a whopping 66.73% of total sales, raking in $130.77 million last week.
- Bitcoin (BTC) ranked second among 22 networks, recording $23.37 million in sales.
- Solana, BNB, and Polygon also made it to the top five weekly sales.
Top Performers
The Bored Ape Yacht Club (BAYC) stole the show, generating a whopping $22.57 million in revenue, growing by 1% compared to the prior week. Azuki, Mutant Ape Yacht Club (MAYC), Uncategorized Ordinals, and Fram BRC20 also had a strong showing. Fram BRC20 NFT sales saw an impressive surge of 97.47%, while Captainz and Degods recorded gains between 43% and 70%, respectively.
Hot Take
Though NFT sales took a hit this week, ETH-based sales continue to dominate the market. The Bored Ape Yacht Club remains a force to be reckoned with, and it’s exciting to see other collections like Azuki and Mutant Ape Yacht Club making waves. Keep an eye out for upcoming trends and potential opportunities in the ever-evolving world of NFTs!
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