Key Points
- NFT sales decreased by 11.16% this week, with Bitcoin-based NFTs contributing over $49 million.
- Ethereum and Solana NFTs also experienced a decline in sales, while Polygon and Immutable saw an increase.
The past week witnessed a decrease in the sales of non-fungible tokens (NFTs), with a drop of 11.16% compared to the previous week.
Data from cryptoslam.io indicates that the total sales for this week amounted to $144.33 million. Bitcoin-based NFTs made a significant contribution, adding more than $49 million to this total.
Performance of NFTs on Different Blockchains
Despite these impressive figures, Bitcoin’s digital collectibles sales fell by 14.65%.
NFTs on Ethereum generated $41.55 million in sales, also marking a decrease of 11.7% from the previous week.
Solana NFTs, which ranked third in sales, earned nearly $26 million, indicating a modest increase of 5.73% this week.
The Polygon network registered the fourth-highest NFT sales volume over the past seven days, bringing in $9.66 million.
However, this figure marked a 14.2% drop compared to the sales on the blockchain at the same point a week ago.
Immutable, wrapping up the top five blockchains by sales volume, recorded a respectable $6.49 million in sales.
This amount marked an over 8% increase, making Immutable the only other network among the top five whose sales volume improved over the timeframe.
Top Selling NFT Collections
The top seller this week was the Uncategorized Ordinals from the Bitcoin blockchain, which brought in $22.9 million in sales.
However, the sales for these collectibles declined by nearly 30% compared to the previous week.
Mythos’ Dmarket collection claimed the second spot, earning $5.817 million, marking a 17.24% decrease.
On the other hand, the Nodemonkes collection from the Bitcoin blockchain experienced a 10.56% increase in sales, reaching $4.77 million from 246 transactions.
Other noteworthy collections this week included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business.
The Mad Lads collection, hosted on Solana, registered the largest improvement in terms of sales volume, with the $4.5 million exchanged representing a 130% increase from the previous week.
The most significant and expensive sale over the week was Cryptopunk #3619, which sold for $627,991.
Additionally, Solana’s Boogle #064 changed hands for $192,124, while Mushroom #95 from the Bitcoin network earned $135,096.
The consistent decrease in sales week after week indicates a cautious sentiment among collectors.
Data from Cryptoslam shows that there were slightly more than 145,000 active buyers in the market over the week — an 86% drop from the week before.
