Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%.
NFT Sales Improve This Week, Rising 7.28% Higher
Sales of non-fungible tokens (NFTs) have trended higher this week, increasing by 7.28%, with $179.64 million in sales recorded over the past seven days. Of the total sales, $111.62 million, or 62.35%, came from NFT sales on the Ethereum blockchain, cryptoslam.io stats show. Solana’s NFT sales were the second-largest this week, accounting for $20.66 million, or 11.54%, of the week’s total sales.
This week, sales of Ethereum-based NFTs increased by 8.68%, while sales of Solana-based NFTs dropped by 20.88%. NFT sales on Ethereum and Solana were followed by sales on the Polygon, Arbitrum, and Cardano blockchains. Two blockchains that saw notable increases over the last seven days include BNB Chain, which was up 19.73%, and Panini, which increased by 29.53%. Theta blockchain NFT sales rose by 232.96%, but the increase only accounted for $2,805 in NFT sales this week.
The top-selling NFT collection this week is Nakamigos, with $11.29 million in sales, up 76% compared to the previous week. Other top-selling collections this week include Otherdeed, Bored Ape Yacht Club (BAYC), Cryptopunks, and Mutant Ape Yacht Club (MAYC). Sales for Otherdeed are down 20.67%, BAYC sales dropped 22.75%, Cryptopunks rose 34.80%, and MAYC sales slid 6.33% over the last seven days. Azuki sales took the sixth position this week, with sales up 90.54% compared to the previous week, with $4.29 million in sales.
The most expensive NFT sold over the last seven days was Cryptopunk #3,990, which sold for $444,033 two days ago. The second most expensive NFT sale was Azuki #3,194, which was purchased for $415,485 three days ago. Cryptopunk #3,810 sold for $414,105 roughly 24 hours ago, and Azuki #9,185 sold seven hours ago for $373,678. The top three NFT marketplaces in terms of sales volume for this past week were Blur, Opensea, and the Immutable X market, respectively.
What do you think the future holds for the NFT market? Will it continue to grow, or is this just a passing trend? Share your thoughts in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Nakamigos
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
