Over the past week, the non-fungible token (NFT) market saw unremarkable turnover, totaling $311.31 million. This figure represents a slight increase of just 0.05% from the previous week. Despite this, Bitcoin NFT sales have consistently outperformed other blockchain networks since November 2023. However, it is notable that NFT sales on the Bitcoin blockchain are down 19.12% compared to the previous week.
Weekly NFT Sales Reach $311 Million, with Bitcoin Leading the Way, Ethereum and Polygon See Impressive Growth
Data from cryptoslam.io from the past seven days shows that NFT sales reached $311.31 million. However, there was a significant decline in market participation, with the number of NFT buyers falling by 69.40% and the number of sellers by 68.09% over the same period.
Sales of NFTs from the Bitcoin blockchain totaled $107.16 million, accounting for 34.42% of total sales across 21 different blockchain networks. Nevertheless, sales of Bitcoin-based NFTs saw a decline of over 19% compared to the previous week.
NFT sales on the Ethereum blockchain saw a growth of 18.29%, reaching approximately $84,622,852. Polygon NFTs witnessed a more substantial increase, rising 81.33% to $44.67 million, securing the third spot in sales among blockchain networks.
On the other hand, Solana NFT sales saw a downturn, dropping 19.47% from the previous week, with total sales reaching $41.48 million. Avalanche NFTs rose 46.83% and Flow-based NFTs rose 25.65%.
The top NFT collection in terms of total sales over the past seven days was Uncategorized Ordinals, which raised $22.68 million, although this was a 53.70% decline from the previous week.
The second highest digital collectible sales were Polygon’s Gas Hero Common Hero NFTs, which achieved $18.82 million in sales, a significant increase of 261%. Sales of Gas Hero items and weapon NFTs also saw notable activity this week.
Meanwhile, Bored Ape Yacht Club (BAYC) NFTs saw a significant 170% increase in sales compared to the previous week. Last week’s highest-priced NFT sale came from the BNB chain, with the collectible ‘Lock Deal’ fetching $452,000 just seven days ago.
Following closely, Polygon’s “Token Vesting Plans” NFT was purchased for $299K. Third on the list of expensive NFTs was “Cryptopunks #8,639” from the Ethereum blockchain, which changed hands for $240,000 a day earlier. Additionally, other significant NFT sales this week came from networks like Arbitrum, Bitcoin, and Cardano.
What do you think of this week’s NFT stats? Share your thoughts and opinions on this topic in the comments below.
