February 20, 2023

NFT Sales over Past Week Surprising, Up More Than 100%

NFT Sales over Past Week Surprising, Up More Than 100% Featured Image

NFTs

The NFT sales over the past week witnessed a remarkable increase compared to the week prior, as they grew by 101.95%, according to Bitcoin News

Over the past seven days, the NFT sales amounted to more than $530.774 million, over $490.336 million of which were from the Ethereum blockchain, a 125.34% hike 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 90% of the total sales. 

While Solana came in second place in terms of NFT sales, accounting for only about 3% of the total sales ($19.66 million). Blockchains of Polygon, Immutable X, BNB Chain, and Cardano 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 Otherdeed, the Mutant Ape Yacht Club (MAYC), Moonbirds, Azuki, Bored Ape Yacht Club, Beanz, Doodles, Clonex, Checks – VV Edition, Bored Ape Kennel Club, respectively. 

The top-selling NFT collection was Otherdeed recording, $58.416 million, all the following NFT collections reported a significant increase in the last week’s sales, topped by Beanz, which reported a 1068% increase. 

Bored Ape Yacht Club had the highest floor value at $129,385 ETH, followed by CryptoPunks, whose floor was just $107,542 ETH, according to data from nftpricefloor.com.

The most expensive NFT sold last week was Fidenza #157, which sold for $666.493 million. This sale was followed by SuperRare #6708, which sold for $414.954 million, Otherdeed #7906 sold for $394,313, CryptoPunkssold for $376.559, and Bored Ape Yacht Club #2117 sold for $266.957. 

As for the NFT marketplaces, Blur overtook the leading NFT marketplace OpenSea, after dominating 66% of the market share over the past week, while Opensea accounted for 23.9%, according to data from dappradar.com and Dune Analytics. 

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