NFT Sales Volume Falls 8% Lower Than Last Week – Moonbirds, Electricsheep, Moonbirds Oddities Lead Sales – Markets & Prices Bitcoin News

Over the past few weeks, sales of non-fungible tokens (NFT) have remained flat, with data from the last seven days showing NFT sales down 8.11% lower than the previous week. Despite the decline, a few NFT collections saw significant percentage increases in terms of sales as collections such as Electricsheep, Moonbirds and Moonbirds Oddities have risen between 90% to more than 16,000%.

NFT sales down 8% as Ethereum-based NFTs command 83% of this week’s $159 million in sales volume

• Data from the last seven days indicates that $159.24 million in NFT sales have been recorded, which is 8.11% lower than the previous week’s $173.29 million in sales. $133.45 million or 83% of the total NFT sales settled this week originated from Ethereum-based NFTs.
• The remaining sales originated from 17 different blockchain networks. While Ethereum took the lion’s share, NFT sales from the ETH chain are down 8.16% this week. The blockchains that have seen notable seven-day gains are the Palm network up 60.50%, and the Flow blockchain up 40.12%.
• Besides Flow and Palm, blockchain networks Fantom, Arbitrum and Cronos have also seen NFT sales gains over the past seven days. The biggest loser in terms of NFT sales this past week is Waves, as the chain’s NFT sales are down 61.44% from the previous week.
• Most of the NFT sales this week originated from the Bored Ape Yacht Club (BAYC) NFT collection, but BAYC sales are down 5.06% this week. BAYC is followed by the collection Potatoz, Sorare Football, Otherdeed and Moonbird Oddities.
• Moonbird Oddities saw a significant 266.10% seven-day gain in terms of weekly sales, but NFT collection Electricsheep jumped a whopping 16,591.74% this week. Interest in Moonbird Oddities this week also led to sales of original Moonbirds collections, which are up 92.27% over the previous week.

• The most expensive NFT sale this week was Bored Ape Yacht Club #5555 after it sold for 270 Ether or $427K six days ago. BAYC #5,555 was followed by Cryptopunk #9,650, which also sold for 169 Ether or $264K six days ago. The two most expensive NFT sales were followed by Otherdeed #89,944, BAYC #6,775 and BAYC #4,814 respectively.
• The NFT marketplaces with the most sales this week originated from Opensea, X2Y2, Magic Eden and Looksrare, according to Tuesday’s dappradar.com statistics. Opensea approaches $32 billion in all-time sales globally with $31.51 billion, and Looksrare’s market trails Opensea in all-time sales records with $1.57 billion.

What do you think of this week’s NFT sale? Let us know what you think about this topic 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 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.