Global sales of non-fungible tokens (NFTs) experienced a decline of 21% this week compared to the previous week. Sales across 21 different blockchains exceeded $100 million in total over the past seven days.
The decrease in NFT sales can be attributed to the overall downturn in the cryptocurrency markets. According to data from cryptoslam.io, NFT sales reached a total of $102,328,020 during the last seven days.
Despite a 74.62% increase in the number of buyers and a 64.31% increase in the number of sellers, NFT sales saw a significant drop. Ethereum led the pack with $38.46 million in sales, although Ethereum-based NFT sales decreased by 2.62% this week.
Polygon secured the second position in terms of weekly sales, with a total of $19.92 million, marking a 13.24% increase. Bitcoin ranked third with $17,590,362 in sales, but sales of BTC-centric digital collectibles fell by 59.55% compared to the previous week.
Solana recorded sales of $14.37 million, showing a 1.69% decrease. Mythos completed the top five with $4.61 million in sales, experiencing a 3.61% decrease. The standout collection this week was Cryptopunks on the Ethereum blockchain, generating $4.98 million in sales, a significant increase of 171.29% compared to the previous week.
Mythos' Dmarket followed with $4.36 million in sales, a decrease of 2.74% compared to last week. Ethereum's Pudgy Penguins also saw a significant increase, jumping 204.25% and achieving $3,672,328 in sales.
Bored Ape Yacht Club (BAYC) secured the fourth position this week with $3.57 million in sales, rising by 53.92%. Bitcoin Pizza digital collectibles garnered $2.43 million in sales, although sales fell by 88.91%.
The most expensive NFT sold this week was Cryptopunk #5,569, which fetched $204,066 three days ago. Despite underperforming in NFT sales this week, Bitcoin has surpassed Ronin and is now the third largest in terms of all-time sales.
To date, Bitcoin has achieved $4.3 billion in NFT sales, a notable milestone but significantly less than the $43.88 billion sold on the Ethereum blockchain. In order to surpass Solana, the second highest in NFT sales, Bitcoin would need approximately $1.3 billion more in sales.
What are your thoughts on the NFT sales this week? Let us know your opinion in the comments section below.
NFT Sales Drop by 21 Amidst General Crypto Market Decline