March 6, 2023

NFT Sales Down 30% over Past Week

NFTs

NFTs

The NFT sales over the past week witnessed a decline compared to the week prior, as they went down by 30.56%, according to Bitcoin News. 

Over the past seven days, the NFT sales amounted to more than $184.940 million, over $147.013 million of which were from the Ethereum blockchain, around 36% 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 more than 79% of the total sales. 

While Solana came in second place in terms of NFT sales, accounting for only about 9% of the total sales ($17.537 million). Blockchains of Immutable X, Polygon, Cardano, Flow, and BNB Chain followed Solana regarding the total sales over the past week, respectively, Bitcoin News quoted data from CryptoSlam. 

The NFT collections which saw high sales over the past week were Momoguro: Holoself, MG Land, Sewer Pass, Bored Ape Yacht Club, Otherdeed, Sorare, Emblem Vault V4, the Mutant Ape Yacht Club (MAYC), The Captainz, CryptoPunks, respectively. 

The top-selling NFT collection was Momoguro: Holoself, recording, $9,137,971 million. All the following NFT collections reported a significant drop in the last week’s sales, including BAYC, and MAYC, except Emblem Vault V4 which reported a significant hike in their sales by 320.70%

Bored Ape Yacht Club had the highest floor value at $111,300 ETH, followed by CryptoPunks, whose floor was just $102,004.1 ETH, according to data from nftpricefloor.com.

The most expensive NFT sold last week was Sewer Pass #21915, which sold for more than $1.637 million. This sale was followed by Tangible REstate #1, which sold for $535.155 million, Azuki #1582 sold for $327.301, Azuki #9236 sold for $246.435, and Fidenza #442 sold for $202.852.

As for the NFT marketplaces, Blur is still the leading NFT marketplace, after dominating 79.7% of the market share over the past week, while Opensea accounted for 14.9%, according to data from dappradar.com and Dune Analytics.

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