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NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume

  • Ralph Smith
  • 02/07/2022
  • 2 minute read
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NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume

Non-Fusible Token (NFT) sales managed to stay consistent this week while the crypto economy saw more losses over the past seven days. The previous week saw $152.9 million in NFT sales recorded across 18 blockchains, while the past week saw $154.3 million in sales executed. Ethereum recorded the most NFT sales this week, but this chain saw a 9.23% decrease in ether-based NFT sales.

NFT sales saw a modest increase, thus avoiding this week’s crypto down turn in NFTs

.

about $million as of this writing.NFT salesof $154,366,090 were recorded on 18 different blockchains, and the metric is roughly 0.96% higher than the previous week.NFT collectionswere Bored Ape Yacht Club (BAYC)with sales of $13,292,929, the highest of all NFT collections, up 1.01% over the past 7 days.

Over the past 24 hours, the BAYC floor value has dropped to 85.99 , ETH($90K), or 1.2% lower than the previous day.With 158 trades, BAYC has seen 99 buyers purchase Bored Ape NFTs this week.

NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
7-day NFT sales data via cryptoslam.io on July 2, 2022.

The second collection with the most sales this week wasSorarewith $11,293,496; Sorare sales jumped 201% over the previous week to 142,903 with 13,492 buyers; following Sorare Otherdeed’s weekly sales increased by approximately 63.65%, or $10,112,650 in sales.

Ethereum’s overall sales ($107,656,971) fell 9.23% from last week, while many other blockchains saw their weekly sales jump. Fantomsaw the largest increase this week as NFT sales surged 10,616% on the chain over the past week.

Paninisaw a 228.58% increase,BNBsaw a 14.8% increase, BNBsaw a 148.97% jump, andFlow blockchainsaw NFT sales swell 112.53%. 18 blockchains, 13 of which saw NFT sales increase over the past seven days, while chains such as Ethereum, Palm, Arbitrum, Kronos, and OEC all saw declines.

The most expensive NFT sale of the week wasOtherdeed 6which sold for $249.46 ether or $309K. Bored Ape 211sold for 194.97 ether or $232K andBored Ape 2,896sold for 166 ether or $205K. The top five high NFT sales of the week consisted of one Otherdeed sale and four Bored Apes sales.

This week, Opaceatopped the NFT market with $113 million in sales, but sales were down 17.24%; Opacea was followed byX2Y2with $15.33 million in NFT sales;Magic Edenrecorded $15.04 million in sales.

which was the second largest NFT market by sales volume a month ago,Looksrareoccupies the fourth largest NFT market by sales this week with $7.12 million, down 3.66% from the previous week.

The largest floor price increases over the past 24 hours came from NFTs such as Impostors Genesis Aliens, Lost Poets, Sneaker Heads Official, Lilheroes, and Creature World collections.

On June 20, 2022, NFT 30-day sales were down 74.44%, while monthly sales prior to July 2 were down 65.15%, meaning sales are improving slightly.

Image credits: Shutterstock, Pixabay, Wiki Commons, BAYC NFTs,

Ralph Smith

Cryptocurrency geek. Met with Bitcoin and altcoins back in 2011, when the price of BTC was about 10$. Writing articles since 2014 to these days.

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