NFT sales increased 3.74% from the previous week, totaling $236,234,800 over the past seven days. The latest surge defies the pattern of consecutive weeks marked by declining NFT sales.
NFT sales are surging higher, defying the recent two-week downtrend
The best performing NFT collection in terms of sales this week was Bitcoin’s “Uncategorized Ordinals,” which achieved $12 million in sales, marking a significant increase of 36.90% compared to the previous week. Solana’s ‘Froganas’ collection also did well, with sales of $7.79 million, up 22.95% from the previous week. Meanwhile, Avalanche’s “Dokyo” collection recorded sales of $7.74 million, up 30.39% week over week.
Seven-day NFT sales from January 27, 2024 to February 3, 2024, according to cryptoslam.io statistics.
Other notable NFT collections included the ‘Gods Unchained’ card compilation on Immutable Both collections saw an increase in NFT sales, by 25.51% and 27.27% respectively. In terms of blockchain dominance in sales, Ethereum took the lead this week, racking up $76.74 million in sales, marking a solid 2.3% increase compared to the previous week. Bitcoin followed closely behind, claiming the second position with revenues of $63.93 million, showing a substantial growth of 16.66% since the previous week.
While Solana still performed well, it took third place with revenue totaling $49.23 million, although it saw a slight decline of 8.9%. Additionally, in terms of notable blockchain winners, Arbitrum made a significant jump with a 108.51% increase, while BNB Chain also showed an 89.61% jump in its NFT sales performance this week. This brings us to the most expensive NFT sale of the week, “Cryptopunk #5363,” which raised a whopping $1.53 million just three days earlier.
The NFT titled ‘geth-locked deposit’, minted on Arbitrum, fetched a tidy $344,075 just two days ago, while Solana’s ‘Boogle #083’ found a new owner for $253,422. A clear number of valuable NFTs from the Axie Infinity Collection have been sold (minted on Ronin), and this week is no different, as “Durendal” sold for $244,275 three days ago. Bitcoin’s “Punk #60” rounded out the top five most expensive NFTs of the week, reaching a selling price of $169,266, just past the 24-hour mark.
What do you think of this week’s NFT sales promotion? Share your thoughts and opinions on this topic in the comments below.
