Over the past week, sales of non-fungible tokens (NFT) have fallen again, down 7.03% compared to the week before. During this period, sales of $122.3 million were recorded, with Ethereum-based NFTs taking the lead.
7-day NFT sales drop 7.03%
This week saw another seven days of subdued NFT sales, with Ethereum maintaining the lead and Bitcoin following in second place. Sales fell 7.03% from the previous week, totaling $122.3 million between May 25 and June 1, 2024. The highest-priced NFT sold this week was from Ethereum’s Azuki Collection -blockchain. Azuki #3,374 raised $393,112 five days ago to claim the top spot.
The second highest sale came from the Bitcoin blockchain, with an Ordinal inscription purchased two days ago for $305,258. The third most expensive NFT sold was a Solana Boogle #061, which sold for $206,936 five days earlier. Ethereum was the top blockchain in total seven-day sales, raising $37.06 million this week. However, ETH-based NFT sales are down 11.66% from the previous week.
Bitcoin NFT sales totaled $28.54 million, down 10.83% from the previous week. Meanwhile, Solana-based NFTs recorded just over $19 million, down a modest 1.72%. Polygon emerged as the best-performing chain among the top five in NFT sales, up 29.04% from the previous week, amounting to approximately $15.54 million. Immutable
Among the top five NFT collections of the week, Uncategorized Ordinals took first place with sales of $8,619,161, although this was a decrease of 16.25% from the previous week. Immutable They were followed by Nodemonkes, Bored Ape Yacht Club (BAYC) and Dmarket.
Sales of digital collectibles have fallen week over week and show little sign of recovery. While other crypto sectors are experiencing substantial growth, NFT sales have been lackluster, with blue-chip NFT prices down 80-90% from their peaks. Only time will tell if the NFT trend will recover, but for now the consistent weekly sales decline in recent months indicates that growth has slowed significantly compared to previous years.
What do you think of the NFT sales trend? Share your thoughts and opinions on this topic in the comments below.
