Non-fungible token (NFT) sales soared over the past week, increasing 138.15% over the previous week. Sales recorded between last Friday and February 24, 2023 show that $801 million in NFT sales were settled in the past seven days.
Ethereum Digital Collectibles and Mutant Ape Yacht Club led the surge in NFT sales
Although crypto asset prices took a step back on Friday, the past seven days have seen a significant increase in NFT sales compared to the previous week; Bitcoin.com News reported last week that NFT sales jumped 43%, and over the past seven days, sales have increased 138.15% since last Friday During the past week,
$801 millionin NFT sales were settled and the number of NFT buyers increased 34.7% over the previous week. Ethereum dominated NFT sales over the past seven days, accounting for $762 million of the total sales.
Solana followed Ethereum in NFT sales at $17,717,911, but while Ethereum sales jumped 162.67% over the past week, Solana’s NFT sales declined 1.86%. Ethereum and Solana are followed by Polygon, Immutable X,and BNBin terms of weekly sales. All of the top 10 blockchains in the sales rankings saw declines this week, with the exception of Ethereum and Panini; Panini’s NFT sales increased 56.52%, with $452,827 in sales settled during the week.
With sales from last Friday, the top NFT collection is Mutant Ape Yacht Club (MAYC), with sales jumping 444.58% from the previous week to $92 million It earned more than $92 million in settlement sales.Following MAYC were Otherdeed, Bored Ape Yacht Club (BAYC), Azuki, and Moonbirds.All five NFT collections were up more than 65% in the last seven days. Particularly up was the Op Pen Edition, which ranked sixth in weekly sales, up 5,235.80% from last week, accumulating $3,759,913 in settlement sales.
Again, in terms of ETH-based NFT markets, the new NFT market Blur outperformedOpensea’s weekly trading volume captured 81% of the NFT market share in this week’s settled sales; Opensea’s volume accounted for about 13.6% of the total 7-day NFT sales volume; following Blur and Opensea were X2Y2, Immutable X Marketplace, and Looksrare. JPG Store, a new Cardano-based marketplace, ranks sixth in sales this week as NFT sales increased 35.94% compared to last week’s sales.
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