In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for NFT sales have witnessed a week-over-week downturn.
NFT Sales Decline for Second Consecutive Week
The past week recorded $148.55 million in NFT sales, marking a 4.33% drop from the previous week. Ethereum-based NFT sales accounted for $88.54 million of the total, constituting 59.6% of this week’s overall NFT sales, and reflecting a 1.41% uptick from the week prior. Meanwhile, Bitcoin-based NFTs yielded $25.92 million in sales, roughly 17.44% of the week’s total, but exhibited a significant 14.37% decrease from the previous week.
Data from cryptoslam.io on July 16, 2023.
Cryptoslam.io stats show NFT sales revolving around Solana amassed a sum of $8.2 million, marking a 17.46% decline. Polygon, in the same vein, garnered $5.9 million, reflecting a 16.44% dip from its NFT sales in the previous week. The BNB Chain also followed the trend, reporting around $5.3 million in total NFT sales for the week, representing a modest 2.61% downturn.
The top five single NFT sales this past week.
In terms of seven-day sales, the highest-grossing collections this week were both tethered to Bitcoin. The Fram NFT collection and Uncategorized Ordinals outperformed others, nabbing the two top spots. Meanwhile, Bored Ape Yacht Club (BAYC), an Ethereum-centric NFT collection, slipped to the third rank this week. Trailing behind BAYC, Ethereum’s Captainz and Cryptopunks collections occupied the subsequent positions.
In the top echelon of NFT sales this week, Bitcoin-based NFTs secured three out of the five leading spots. The priciest NFT transaction belonged to an offering from the Bitcoin Burials collection, changing hands for a staggering $1.68 million. Following that, BAYC #1,734 fetched a cool $1.2 million, and Cryptopunk #8,531 commanded a price slightly over $1 million. The two remaining positions in this week’s top NFT transactions originated from the Bitcoin blockchain, each pulling in upwards of $400K.
What do you think about this week’s NFT sales? Share your thoughts and opinions about this subject in the comments section below.
