This week, despite a rocky time for the crypto market, non-fungible token (NFT) sales have proved to be resilient, recording an uptick of 7.74% in sales, amounting to a total of $181.82 million. Data reveals an increase of 41% in NFT buyers compared to the previous week.
Crypto Market Volatility Doesn’t Impact NFT Sales
Ethereum (ETH) blockchain led the way in total sales, accounting for $124.7 million of the total. Solana (SOL) was second, with $22.66 million in sales. Ethereum-based NFT sales experienced a modest drop of 1.75%, while SOL-based NFT sales soared by 88.19%, according to cryptoslam.io metrics. Other blockchains in the top five with the highest NFT sales included MATIC, BNB, and Immutable X.
Bored Ape Yacht Club (BAYC) was the top-performing NFT collection this week, with sales totaling $16.38 million. Sales rose by 64.07% over the past seven days, leading the pack of the top eight NFT collections. Mad Lads ($8.4M), Azuki ($7.5M), Mutant Ape Yacht Club ($4.97M), and the Captainz ($4.84M) followed closely in terms of sales, with Blocklords Banners ($3.8M), The Heist NFT compilation ($4.5M), and Trump’s Digital Trading Cards (series 2) ($3.33M) completing the list.
The most expensive individual NFT sale this week was Cryptopunk #2,356, which went for $380,483 five days ago. Azuki #6,954 was second, selling for $358,249 four days ago. Autoglyphs #145 secured the third highest sale, fetching $286,709, followed by Azuki #5,523, which was sold for $253,464. Vethena #9,130 was fifth, selling for $223,161 three days ago.
As per stats from nftpricefloor.com, Cryptopunk still dominates the NFT market, with the highest floor value, followed closely by Bored Ape Yacht Club. Mutant Ape Yacht Club, Azuki, and Otherdeeds follow. Notable NFT collections that experienced a double-digit floor rise include BAYC, MAYC, Autoglyphs, and the Captainz.
What do you make of the NFT market in light of the crypto market volatility? Will it remain robust or face challenges in the near future? Share your thoughts about this subject in the comments section below.
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