July 23, 2023

OpenSea Sales Declined over 70% In Past Week



The NFT sales over the past week witnessed a decline compared to the week prior, as they went down by more than 20% little bit at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $109.102 million, over $70.197 million of which were from the Ethereum blockchain, around 9.61% 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 64% of the total sales. 

While Bitcoin is still in second place in terms of NFT sales for weeks, accounting for only 5% of the total sales ($6.534 million), a 73.20% incline from the previous week. 

Most of the blockchains over the past week saw a decrease in sales except Immutable X and Mythos Chain. Blockchains of Solana, Immutable X, Polygon, BNB Chain, Mythos Chain, and Cardano followed Bitcoin regarding the total sales over the past week, respectively. 

Most of the NFT collections witnessed a decrease in their sales, topped by CryptoPunks and Uncateogratized Ordinals, which declined by more than 35%. While NFT collections of DMarket, and 

Gods Unchained Cards witnessed a slight growth over the past week. 

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at $61.662, following CryptoPunks, whose floor was just $ 90.012, according to data from nftpricefloor.com.

The most expensive NFT sold last week was Fidenza #545, which sold for more than $1.17 million. The following top expensive NFTs sold over the past seven days were sold from $530 million and downwards. 

As for the NFT marketplaces, Blur leads the NFT marketplaces followed by OpenSea. Blur’s sales over the past week reached $71.05 million, while the sales on OpenSea were $9.18 million (-70.77%). 

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