Non-fungible tokens (NFTs) experienced an increase in sales this week, with $179.64 million in trading over the last seven days. NFT transactions rose by 7.28%, while sales grew by 2.29%. However, the number of digital collectible buyers decreased by 4.34%.
Non-Fungible Token Sales Improve This Week, Rising 7.28% Higher
NFTs have seen a surge in sales this week, with $179.64 million in transactions over the past seven days. Figures from cryptoslam.io show that Ethereum blockchain-based NFTs accounted for the highest portion of total sales, at $111.62 million, or 62.35%. Solana’s NFT sales were the second-largest this week, making up 11.54%, or $20.66 million.
For this week, Ethereum-based NFTs rose 8.68%, while Solana-based NFTs decreased by 20.88%. NFT sales on Ethereum and Solana were followed by those on the Polygon, Arbitrum, and Cardano blockchains. Two blockchains that increased significantly over the last seven days include BNB Chain, up 19.73%, and Panini, up 29.53%. Notably, Theta blockchain NFT sales rose by 232.96%, but only represented $2,805 in sales this week.
The most popular NFT collection this week is Nakamigos, with $11.29 million in sales, a 76% increase compared to the previous week. Otherdeed, Bored Ape Yacht Club (BAYC), Cryptopunks, and Mutant Ape Yacht Club (MAYC) also made the top-selling list. Sales for Otherdeed went down by 20.67%, BAYC dropped 22.75%, Cryptopunks rose 34.80%, and MAYC decreased by 6.33% over the last seven days. Azuki sales were the sixth-highest, with a 90.54% increase compared to the previous week, totaling $4.29 million.
The most expensive NFT sold over the last seven days was Cryptopunk #3,990, which sold for $444,033 two days ago. The second most expensive purchase was Azuki #3,194, at $415,485 three days ago. Cryptopunk #3,810 was sold for $414,105 approximately 24 hours ago, and Azuki #9,185 was purchased seven hours ago for $373,678. The top three NFT marketplaces in terms of sales volume over the last week were Blur, Opensea, and the Immutable X market.
What do you think the future holds for the NFT market? Will it continue to rise, or is this just a passing trend? Let us know your thoughts in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Nakamigos
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