June 12, 2023

NFT Sales Declined over 18% Past Week

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The NFT sales over the past week witnessed a decline compared to the week prior, as they went down by 18.66% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $154.654 million, over $91.785 million of which were from the Ethereum blockchain, around 26.26% down 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 60% of the total sales. 

While Bitcoin is still in second place in terms of NFT sales for weeks, accounting for over 15% of the total sales ($23.584 million), a 5.73% incline from the previous week. 

Most of the blockchains over the past week saw a decrease in sales except BNB Chain and Mythos Chain. Blockchains of Solana, Mythos Chain, Polygon, Immutable X, BNB Chain, 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 Bored Ape Yacht Club (BAYC) and Azuki, which declined by more than 60%. While NFT collections of DMarket, and Uncateogratized Ordinals witnessed a slight 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 $80,371 ETH, following CryptoPunks, whose floor was just $92,641 ETH, according to data from nftpricefloor.com.

The most expensive NFT sold last week was Fidenza #545, which sold for more than $1.17 million. The following top expensive NFTs sold over the past seven days were sold from $530 million and downwards. 

As for the NFT marketplaces, Blur leads the NFT marketplaces followed by OpenSea. Blur’s sales over the past week reached $117.99 million, while the sales on OpenSea were $37.15 million (-28.92%). 

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