Statistics for the past week show that non-fiat tokens (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with over $107 million, or 55% of the total, while solana-centric NFTs recorded $26.3 million, or 13%, in the same period.
NFT market shows signs of slowing with a decline in weekly sales and a 30-day total
Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains.According to statistics from Cryptoslam.io , 30-day sales generally down, with total sales of $912.54 million, down more than 29% from last month. The top five blockchains in NFT sales this week were Ethereum ($107M), Solana ($26M), Polygon ($6M), Immutable X ($530M), and Cardano ($316M).
This week, Solana NFT sales increased 37.16% and Cardano NFT sales jumped 44.27% higher than the previous week. However, Ethereum, Polygon, and Immutable X NFT sales all posted losses compared to last week’s sales. Notable blockchain NFT sales included Arbitrum’s 64.49% gain and Avalanche’s 293% gain.
Palm blockchain sales were up 370%, with Algorand NFT sales up 58% from the previous week. Ethereum dominated NFT sales at 55%, while the other 18 blockchains accounted for the remaining 45% of sales. The top five NFT collections with the most sales during the week were Cryptopunks, Bored Ape Yacht Club (BAYC), MG Land, Otherdeed, and HV-MTL.
Following these collections, the top five to ten top sellers were Degods, Y00ts, Sorare, Mutant Ape Yacht Club (MAYC), and Gods Unchained Cards. Cryptopunks recorded $12.55 million in sales this week, up 49.15% from last week; BAYC earned about $10.14 million this week, up 43.52%; and MG Land earned $7.84 million, down 5.72% from the previous week.
The highest NFT sale this week was Otherdeed #2,118, which sold for $375,979 three days ago. Cryptopunks #6,036 sold for $365,508 two days ago, and Board Ape Yacht Club (BAYC) #5,647 sold for $263,537 six days ago. Finally, Cryptopunk #2,353 sold two days ago for $217,454 and Otherdeed #99,728 sold three days ago for $205,711. While there have been nearly $1 billion in sales in the past 30 days, the number of NFT buyers this month increased 17.36% to 1,904,731.
What are your thoughts on the current state of the NFT market? Do you think the recent decline in sales is a temporary dip or a sign of a longer-term trend? Please share your thoughts in the comments section below.
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