NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

Past Non-Fungible Token (NFT) Sale 7 days is ending the year 13.97% lower than the previous week. According to last week’s statistics, 334,668 NFT buyers recorded $147,054,554 in NFT sales.

NFT Sales Continue to Decrease: 13.97% Decrease Over Last 7 Days

NFT Sales Declined This Week, 13.97 From Last Week According To Cryptoslam.io Index % declining . 2022 has not been a good year for NFTs. This is because sales and NFT values have fallen significantly over the past 12 months. Of last week’s $147.05 million NFT sales, NFTs derived from Ethereum (ETH) accounted for $113.86 million of the total sold over the seven days. However, ETH-based NFT sales fell by 20.4% over the past week.

Sales for 7 days on 31st December 2022, according to cryptoslam.io statistics.

Solana NFT’s sales as a chain are up 91.36% this week. Seven-day sales were $23.64 million. Waves-based NFT sales increased by 302.59% while Solana had a larger increase, but only sold $7,609 worth of NFTs. Theta’s NFT sales increased by 132.29% last week, but only sold $358 worth of digital collections.

Bored Ape Yacht Club (BAYC) was the week’s top collection for seven days of sales, raising $12.59 million. However, sales of $12.59 million over 144 are 47.05% lower than BAYC’s sales last week. BAYC is followed by Otherdeeds, Mutant Ape Yacht Club (MAYC), Azuki and Cryptopunks respectively. Cryptopunks saw a 94.71% jump in sales this week compared to last week’s sales.

Sales of Solana NFT project Degods, which plans to migrate NFTs to the Ethereum chain, surpassed Degods’ sales by 253.80% last week. According to data, the most expensive digital collection sold in the last seven days was Azuki #4,690, which he sold for $216,000 three days ago. The order was Azuki No. 4,690, Azuki No. 2,311, Azuki No. 9,446, and Boad Ape Yacht Club No. 193.

The top 3 cheapest NFTs today include BAYC, Cryptopunks and Mutant Ape Yacht Club. According to nftpricefloor.com, BAYC has a floor of 69.49 ETH, while Cryptopunks currently has a floor of 65.47 ETH.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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