For the seventh consecutive week, non-fungible token (NFT) sales have continued to decline. In the past week alone, NFT transactions amounted to $66.11 million, representing an 11.65% decrease compared to the prior week.
NFT Sales Continue to Decline: Seven Consecutive Weeks of Decrease
While the wider cryptocurrency market saw some upward movement, NFT sales did not reflect this positive trend. Over the past seven weeks, NFT sales volumes have consistently been on a downward trajectory.
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According to data from cryptoslam.io, NFT sales for the past seven days unfolded as follows. While this week’s sales were 11.65% lower than the previous week, there’s a positive aspect to consider: the number of NFT buyers surged by 17.77%, and the count of sellers increased by 15.82%. Cryptoslam.io data reveals that NFT sales on the Ethereum platform dominated, accounting for $38.10 million of the week’s total turnover.
This indicates that 57.63% of all NFTs sold during the week were Ethereum-based. However, sales of Ethereum-based NFTs experienced a slight dip of 0.84% this week. In the rankings, Mythos NFT transactions secured the second position, accumulating $8.79 million—a 12.29% increase from the previous week.
Solana claimed the third spot, with sales totaling $6.86 million, marking an 8.87% increase for the week. At the forefront of this week’s NFT sales charts was the Mythos-associated Dmarket collection, which earned $8.72 million—an impressive 12.32% growth. Following closely was the Bored Ape Yacht Club (BAYC) with $4.13 million in sales, reflecting a substantial 25.18% increase.
Meanwhile, Polygon’s Draftkings secured the third spot, amassing $3.28 million in sales, although it experienced an 18.24% dip. Sorare followed closely, garnering $2.87 million—a 3.87% upswing. Cryptopunks wasn’t far behind, accumulating $2.79 million in sales, marking a remarkable 61.41% surge from the previous week.
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The top five NFT sales of this week, as per data from cryptoslam.io, are as follows:
The standout sale of the week was Cryptopunk #2367, which was sold for an impressive $143,062 just three days ago. BNB’s Starcraft Planets #1498 found a buyer for $32,880 in an auction that concluded only 24 hours ago. Bitcoin’s Ordinal Maxibiz fetched a price of $30,646 on Magic Eden three days back.
In a noteworthy and similar trend, blue-chip NFT collectibles witnessed a significant drop in their base prices today. Cryptopunks now have a floor price of 45 ether, while Bored Ape Yacht Club (BAYC) NFTs plunged to 26.30 ether, according to data from nftpricefloor.com. This decline mirrors the broader downtrend observed in the values of blue-chip digital collectibles across the market.