Based on information from Stats, non-fungible token (NFT) transactions climbed an impressive 43.97% in the week leading up to February 18th, 2023. Total NFT transactions came to $397 million, with 86 million in gross sales and 345,716 buyers, with 1.62 million transactions.
In 2023, NFT Transactions Will Continue to Increase, with Ethereum’s NFTs Dominating the Market with a 90% Share
Based on figures from Cryptoslam.io, NFTs saw an increase of more than 43% this week compared to the last, reaching $397.86 million, with a 77% jump in customers to 345,716. Ethereum’s Blockchain took the lead in NFT transactions, accounting for $360.32 million, or 90%, of total sales.
Ethereum-built NFTs led the way with $360.32 million in sales, a 54.77% increase over the last week. Solana-based NFTs followed with $18,790/359, down 7.47%. In terms of seven-day sales, Solana was followed by Polygon, Immutable X, and Binance Smart Chain, respectively.
The top-selling NFT of the week was Otherdeed, with total sales of $47,043,296. Compared to last week, Otherdeed’s sales jumped 160.21%. Following Otherdeed were Azuki, Moonbirds, Mutant Ape Yacht Club (MAYC), and Bored Ape Yacht Club (BAYC). Azuki’s sales rose 174.98%, while Moonbirds saw a 502.43% increase.
According to Dune Analytics, the NFT market outperformed the main markets on Opensea this week. Dune’s figures show that Blur captured 66% of the market share, with Opensea accounting for 23.9%. Dappradar.com reveals that the top 5 markets across many chains this week were Blur, Opensea, X2Y2, Immutable X Marketplace, and Lookrare.
