NFT Sales Experience a 6.75% Decline in a Week
The latest data from cryptoslam.io reveals a 6.75% drop in NFT sales over the past week. Additionally, NFT transactions saw a decline of 4.33% during the same period. Despite the decrease in sales, the number of NFT buyers increased by 17.77% to reach 569,407.
Ethereum Leads the Pack in NFT Sales
Out of the 22 blockchain networks, Ethereum remains the frontrunner, accounting for 52.80% of the market share and $42.61 million in NFT sales. Following Ethereum are Mythos, Polygon, Solana, and Immutable X, making up the top five blockchains for NFT sales.
Different Performances Among Blockchains
While ETH-based NFT sales experienced a 12.11% decrease, Mythos sales soared by 25.27% compared to the previous week. Polygon saw a 7.21% increase, while Solana witnessed a 5.58% decline. Immutable X faced the largest drop with a 17.52% decrease. Among the blockchain networks, Cronos stood out with a significant 24.22% increase in sales, and Mythos’ Dmarket emerged as the leading network with $8.15 million in sales in the past week.
Top NFT Collections and Valuable Digital Collectibles
The Bored Ape Yacht Club (BAYC) ranked second in the top collections with $5 million in sales. Other notable collections include Draftkings, Gods Unchained, and the Mutant Ape Yacht Club (MAYC). The most valuable NFTs sold this week were Fidenza #562 for $122,000, Cryptopunk #3028 for $111,000, and Cryptopunk #3438 for $105,000. The Cryptopunk collection dominated the top ten sales charts.
Hot Take
Although NFT sales saw a decline, the increasing number of buyers indicates sustained interest in this digital asset market. The performance of different blockchains highlights the diverse opportunities available for NFT creators and collectors. Meanwhile, the high prices fetched by valuable digital collectibles demonstrate the continued demand for unique and rare NFTs in the market.
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