January 8, 2024

Bitcoin Declined in Past Week Sales of NFTs, However Still Dominating

NFTs

NFTs

The NFT sales over the past week witnessed a decline, as they went down by 6.20% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $305.228 million, over $122.4 million of which were from the Bitcoin blockchain, which is around 16.43% down from the previous week. Out of the top 20 blockchains, Bitcoin still had the lion’s share of the NFT sales seven days ago, accounting for around 40% of the total sales. 

Meanwhile, Ethereum has been in second place in terms of NFT sales for weeks, accounting for over 23% of the total sales ($70.812 million), a 0.39% incline from the previous week. 

Half of the blockchains over the past week saw an increase in sales such as Polygon and Avalanche. Blockchains of Solana, Polygon, Avalanche, Mythos Chain, Arbitrum, and Immutable X followed Ethereum regarding the total sales over the past week, respectively. 

Most of the NFT collections witnessed a hike in their sales, topped by Dokyo and $?? BRC-20 NFTs went up by 113.06% and 89.00%, respectively. Meanwhile, NFT collections of DraftKings and Art Block witnessed growth over the past week, 54.68% and 18.31%, respectively.

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at 25.35 ETH, following CryptoPunks, whose floor was just 53.99 ETH, according to data from nftpricefloor.com.

Last week, The most expensive NFT was RBX Vesting Voucher #42, which sold for more than $741,000 million. The following top expensive NFTs sold over the past seven days were sold from $452,000 million and downwards. 

As for the NFT marketplaces, Blur leads the NFT marketplaces, followed by OKX. Blur’s sales over the past week reached $193.24 million, while the sales on OKX were $59.53 million (+9.63%). 

Tags :
Author profile

Whether you want to learn about NFT, Blockchain, Web3.0, Metaverse, or any other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.