NFT Sales Down 17% over Past Week

The NFT sales over the past week witnessed a decline compared to the week prior, as they went down by 17.12% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $177.140 million, over $93.854 million of which were from the Ethereum blockchain, around 28.44% 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 52.9% of the total sales. 

While Solana came in second place in terms of NFT sales, accounting for about 19.07% of the total sales ($17.537 million). Blockchains of Polygon, Cardano, Flow, and BNB Chain followed Solana regarding the total sales over the past week, respectively, according to data from CryptoSlam. 

The NFT collections which saw high sales over the past week were Bored Ape Yacht Club (BAYC), Otherdeed, CryptoPunks, y00ts, DeGods, MG Land, HV-MTL, the Mutant Ape Yacht Club (MAYC), and Nakamigos respectively. 

The top-selling NFT collection was BAYC recording $8.803 million. All the following NFT collections reported various ups and downs in their tradings over the past week. But the most significant NFT collection was y00ts which saw a 141.09% increase.

Bored Ape Yacht Club had the highest floor value at $112,235 ETH, followed by CryptoPunks, whose floor was just $110.107 ETH, according to data from nftpricefloor.com.

The most expensive NFT sold last week was BAYC #2062, which sold for more than $557.94 million. This sale was followed by Otherdeed #2118, which sold for $375.97 million, Otherdeed #2118 sold for $373.07, and CryptoPunks #6036 sold for $365.508. 

As for the NFT marketplaces, Blur is still the leading NFT marketplace followed by Opensea, however, both suffered a decline in trading volume over the past week by 15.87% and 28.11%.