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On Monday, December 5, 2022, market data shows that non-fungible token (NFT) sales fell 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Of the $112.70 million in NFT sales volume in the past week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume.
About $112.70 million in NFT sales volume was recorded in the last seven days, according to cryptoslam.io statistics. The volume is 5.23% lower than last week’s sales volume, and calculations show that there was a 2.4% increase in NFT transactions.
Most of the sales volume originated from Ethereum-based NFTs as there were $86.59 million in ETH-based NFT sales over the past seven days. However, ETH-based NFT sales are 10.06% lower than NFT sales originating from the Ethereum blockchain.
Solana NFT sales increased by 29.57% and recorded $16.11 million in NFT sales in the last week. Algorand saw a much steeper increase of 55.15% higher than last week’s ALGO-based NFT sales, but ALGO NFTs only saw $93,242 in total sales this past week.
Arbitrum also saw a surge this week, jumping 50.10% higher than the network’s NFT sales recorded last week. However, Arbitrum NFT sales account for only $269,453 of the total NFT sales of $112.70 million.
The fourth largest blockchain, in terms of weekly NFT sales, was Cardano with $1,680,901 in NFT sales. Cardano NFT sales surged 8.89% higher than the blockchain’s NFT sales volume last week.
Immutable X captured the third largest number of sales with $4,128,023, but sales fell 2.73% lower than the previous week. Over the past seven days, the NFT collection with the highest number of sales was Otherdeed, as it achieved $8,632,529 in sales across 3,990 transactions.
Otherdeed was followed by the Bored Ape Yacht Club (BAYC) sale which brought in $6,448,670, and the Mutant Ape Yacht Club which recorded $5,872,336 in the seven-day sale. The Clonex, Light Years Mint Pass, Sorare, Y00t, Gods Unchained, Cryptopunks and Azuki collections followed respectively in terms of seven-day sales.
The most expensive NFT sold in the past week was Cryptopunk #4,181, an ETH-based NFT that sold for $187K two days ago. Cryptopunk #4,181 was followed by BAYC #276 which sold for $179K and Azuki #9,143 which sold for $174K. At the time of writing, between the Cryptopunks pool and the BAYC pool, BAYC has the most expensive floor price value on December 5, 2022.
What do you think of the last seven days of NFT sales? Let us know what you think about this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, editorial image credit: cryptoslam.io data, BAYC, Cryptopunks, Azuki
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