Sales of non-fungible tokens (NFTs) fell by 59.35% this week, a significant drop from seven days ago. In the last seven days, $208.68 million was recorded in his NFT sales, of which $157.20 was generated from the Ethereum blockchain. Last week’s best-selling NFT collection was Bored Ape Yacht Club (BAYC), with sales of $16.69 million, or 7.998% of his $208 million sales this week.
Ethereum and Solana Lead NFT Sales Among Top 20 Blockchains Amid Low Digital Collectibles Sales This Week
The first week of 2023 saw a 26% increase in NFT sales compared to the last week of 2022. However, sales on Sunday, January 15, 2023 decreased by 59.35% compared to the previous week. Among the top 20 blockchains issuing NFTs, Ethereum accounted for his 75.33% of recorded sales from January 8, 2023 to January 15, 2023.
With 18.04% of the total weekly sales, or $37.66 million, Solana was the second highest selling NFT. Following Ethereum and Solana, Immutable X, Binance Coin (bnb), and Cardano as the top 5 chains of the week nft sales data,
The top five NFT collections by total sales this week include Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Art Blocks and Bored Ape Kennel Club. Then there’s OtherDead, Sorare, The Captainz, Beanz, and Mutant Hound Collar.
according to statistics The BAYC collection had the best lowest price in terms of NFT lowest prices on Sunday, January 15, 2023, according to nftpricefloor.com. BAYC was followed by Cryptopunks, MAYC, Autoglyphs and The Sandbox respectively.BAYC floor value was 70.408 at the time of writing ethereumThe lowest cryptopunks price on Sunday was 66.19. ethereum,
Last week’s NFT sales saw an influx of business from the MineablePunks collection. The top 5 most expensive NFTs sold were from that collection. According to cryptoslam.io data this week, the highest selling NFT was Cryptopunk #4,608, which five days ago he sold for $329,000.
The second most expensive NFT in the last seven days was Cryptopunk #6,994, which sold for $283,000 three days ago. The top two NFTs sold this week were OtherDead #89,263 and Bored Ape Yacht Club (BAYC) #7,576.
NFT merchandise that sold better this week than last week included Artblocks, up 62.94%, Mutant Ape Yacht Club (MAYC) up 8.10%, miscellaneous deed sales up 11.97%, Beanz increased by 32.82%.
Regarding blockchain, Binance Coin (bnb), NFT sales increased by 62.20% in the last 7 days, Flow sales increased by 77.99%, Immutable X by 8.51%, Solana by 3.11%, and Ronin NFT sales by 84.75%. Blockchains that saw sales drop from last week include Ethereum, Cardano, WAX, Algorand and Kronos.
What do you think are the reasons for this week’s decline in NFT sales? Do you think this trend will continue in the coming weeks? Share your thoughts in the comments below.
image credit: Shutterstock, Pixabay, Wikicommons