Friday, September 22, 2023

NFT Sales See Slight Weekly Decline Despite Growing Activity

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Stanislav Shishkin
Stanislav Shishkinhttps://cryptoapa.com/
Stanislav is one of the lead copywriters on cryptoapa.com and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at cryptoapa.com

The NFT market saw a minor 1.18% decline in sales volume this past week, totaling $107.05 million according to the latest data. However, the number of active NFT buyers jumped by 86.71% while transactions rose 34.66% during the same period.

Ethereum-based NFTs continue to dominate, accounting for $65.86 million or 61% of sales. ETH NFT volume increased 7.41% week-over-week. Solana NFTs ranked second with $9.64 million in sales, up 4.8%.

Other top NFT blockchains by sales volume include Polygon ($8.41 million), Mythos ($6.30 million), Immutable X ($4.55 million), BNB Chain ($4.46 million), Bitcoin ($2.62 million) and Flow ($1.46 million). Together the top 8 chains represented 96.49% of total weekly NFT sales.

Degods was the highest selling NFT collection this past week at $6.59 million. Dmarket took second place with $6.25 million in sales, followed by Bored Ape Yacht Club at $5.43 million. The top 10 collections generated $38.73 million in sales, making up over 36% of the weekly total.

The priciest NFT sale was Autoglyph #490 at $287,331 on August 16. Cryptopunk NFTs also dominated sales, with #7107 selling for $114,198, #5342 for $110,877, #3306 for $100,519 and #557 for $100,204. The top 6 sales amounted to $833,509.

As the NFT market continues expanding, this week’s minor sales dip looks to be a small blip among growing activity. The significant jumps in buyers and transactions point to strength despite slightly slower sales volume.

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