Global sales of non-fungible tokens (NFT) saw a decline this week, falling 21% from the week before. On 21 unique blockchains, total turnover just crossed the $100 million mark in the past seven days.
Weekly NFT sales drop, crypto punks and chubby penguins rise
NFT sales have fallen significantly this week, correlating with the broader downturn in the crypto markets. At the time of writing, data indicates that NFT sales over the past seven days were $102,328,020, according to cryptoslam.io.
This decline occurred despite a 74.62% increase in the number of buyers and a 64.31% increase in the number of sellers. Of the 21 chains, Ethereum led with revenue of $38.46 million, although ETH-based NFT sales fell 2.62% this week.
Seven-day NFT sales volume according to cryptoslam.io.
Polygon secured the second position in weekly revenue, with a total of $19.92 million, an increase of 13.24%. Bitcoin ranked third with sales of $17,590,362, although BTC-focused digital collectibles sales fell 59.55% from the previous week.
Solana’s revenue was $14.37 million, down 1.69%. Mythos rounded out the top five with $4.61 million, while revenue fell 3.61%. The standout collection this week was Ethereum’s Cryptopunks, which generated $4.98 million in revenue, up 171.29% from the previous week.
Mythos’ Dmarket followed with revenue of $4.36 million, down 2.74% from last week. Ethereum’s Pudgy Penguins also saw a significant increase, up 204.25% and reaching $3,672,328 in revenue.
Bored Ape Yacht Club (BAYC) came in fourth this week with revenue of $3.57 million, up 53.92%. Bitcoin Pizza’s digital collectibles grossed $2.43 million, although sales fell 88.91%.
The most expensive NFT sold this week was Cryptopunk #5,569, which fetched $204,066 three days ago. While Bitcoin NFT sales underperformed this week, Bitcoin has surpassed Ronin to become the third largest ever.
To date, Bitcoin has achieved $4.3 billion in NFT sales, a notable milestone, but significantly less than the $43.88 billion sold on Ethereum. To surpass Solana, the second highest in NFT sales, Bitcoin needs about $1.3 billion in additional sales.
What do you think of the NFT sales this week? Let us know what you think about this topic in the comments below.
