Sales of non-fungible token assets (NFT) in the last seven days increased by 43.97% compared to the previous week, according to statistics recorded on February 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and approximately 1.62 million transactions.
NFT sales continue to rise in 2023, Ethereum dominates NFT sales with 90% market share
In the past week, sales of non-fungible tokens (NFT) have increased, rising more than 43% higher than the previous week, according to statistics from cryptoslam.io. NFT sales totaled $397.86 million this week, with the number of buyers increasing by more than 77% to 345,716. Sales of NFTs on the Ethereum blockchain dominated, accounting for $360.32 million, or just over 90% of total sales.
Sales of non-fungible tokens (NFTs) on the Ethereum blockchain led the way, with $360.32 million in sales, up 54.77% from last week. Solana-based NFT sales followed with $18,790,359, down 7.47% from last week. In terms of seven-day sales, Ethereum and Solana were followed by Polygon, Immutable X and Binance Smart Chain respectively.
The best-selling collection of non-fungible tokens (NFT) this week was Otherdeed, with total sales of $47,043,296. Otherdeed’s sales increased 160.21% compared to last week. Following Otherdeed were Azuki, Moonbirds, Mutant Ape Yacht Club (MAYC) and Bored Ape Yacht Club (BAYC). While Azuki’s sales increased by 174.98% this week, Moonbird’s NFT sales increased by 502.43% from last week.
According to weekly calculations from both dappradar.com and Dune Analytics, NFT marketplace Blur has outperformed the leading marketplace, Opensea, this week. Dune’s statistics show that Blur took over 66% of the market share, while Opensea accounted for 23.9%. Dappradar.com shows that the top five marketplaces this week across different chains were Blur, Opensea, X2Y2, Immutable X Marketplace and Lookrare respectively.
Tags in this story
art world., Auctions, Azuki, Binance Smart Chain, Blockchain, Blur, Bored Ape Yacht Club, Buyers, Collectors, Cryptocurrency, dappradar.com, Digital art, digital ownership, Dune Analytics, Ethereum, Immutable X, investment, Lookrare, Market Share , Marketplace , Moonbirds , Mutant Ape Yacht Club , NFTs , non-fungible tokens , Opensea , Otherdeed , Polygon , sale , Solana , X2Y2
What are your thoughts on the recent surge in NFT sales this week? Do you think this trend will continue in the future? Share your thoughts in the comments section below.
Jamie Redman
Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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