June 19, 2023

NFT Market See around 4% Decline in Sales over Past Week

NFTs

NFTs

The NFT sales over the past week witnessed a slight decline compared to the week prior, as they went down by 3.35% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $142.169 million, over $83.418 million of which were from the Ethereum blockchain, around 3% up from the previous week. Out of the top 20 blockchains, Ethereum had the lion’s share of the NFT sales seven days ago, accounting for around 58% of the total sales. 

While Bitcoin is still in second place in terms of NFT sales for weeks, accounting for over 14% of the total sales ($20.477 million), a 22.97% incline from the previous week. 

Most of the blockchains over the past week saw a decrease in sales except BNB Chain. Blockchains of Solana, BNB Chain, Mythos Chain, Polygon, Immutable X, and Cardano followed Bitcoin regarding the total sales over the past week, respectively. 

Most of the NFT collections witnessed a decrease in their sales, topped by DMarket and Azuki, which declined by more than 45%. While NFT collections of CryptoPunks and DeGods Ethereum witnessed significant growth over the past week. 

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at $74,352 ETH, following CryptoPunks, whose floor was just $85,126.8 ETH, according to data from nftpricefloor.com.

The most expensive NFT sold last week was The Grails II #1, which sold for $5.4 million. The following top expensive NFTs sold over the past seven days were sold from $3.5 million and downwards. 

As for the NFT marketplaces, Blur leads the NFT marketplaces followed by OpenSea. Blur’s sales over the past week reached $117.73 million, while the sales on OpenSea were $33.46 million (-13.91%). 

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