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After a significant increase in February, sales of non-fungible tokens (NFT) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million of the total $186.20 million in NFT sales settled this week.
Over the past seven days, NFT sales have totaled $186.20 million among 760,857 buyers. Although the number of buyers increased by 55.41% last week, sales volume decreased by 32.32% and NFT transactions decreased by 91% compared to the previous week. Ethereum dominated the market, taking $148.56 million or 79.78% of the total. However, sales of ETH-based NFTs decreased by 37.78% compared to last week. Solana (SOL) NFT sales increased by 12.93% this week, reaching $17 million, and Polygon recorded just over $6 million in sales, down 17.34% from the previous week.
The top five NFT collections in terms of sales this week are all Ethereum based. The best-selling collection over the past seven days was MG Land, with just over $10 million in sales, a 25.49% increase compared to last week. The second best-selling NFT collection is Momoguro Holoself with $8,848,317 in sales, followed by Sewer Pass, which generated $7,268,598 in sales over the past seven days. NFT collections Bored Ape Yacht Club ($6.2M) and Otherdeed ($5.35M) follow MG Land, Momoguro Holoself and Sewer Pass.
Interestingly, Bitcoin-based NFTs, or Ordinal Inscriptions, have made their way into this week’s market data via Emblem Vault. Data from cryptoslam.io shows that Emblem Vault version four (v4) is a collection with a significant number of Ordinal inscriptions, including Bitcoin Punks and Counterparty-made collections such as Rare Pepe blockchain trading cards. Emblem Vault v4 is the eighth biggest collection in sales this week, rising 287% compared to last week to reach $4.25 million. The most expensive NFT sold this week was Sewer Pass #21,915, which sold six days ago for $1.63 million.
In terms of NFT marketplaces, Blur remains the top market this week, taking 79.7% of the market share. NFT marketplace Opensea recorded 14.9% market share in the last week. Thirty-day calculations indicate that more than $2 billion in NFTs were sold, with Blur taking 74.5% of the market share and Opensea gaining 22.4%. X2Y2’s market share was around 2.5%, and marketplace Looksrare recorded 0.7% market share last month.
What do you think about this week’s NFT sales falling 32% lower than last week? Share your thoughts on this topic in the comments section below.
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