all about cryptop referances
During the last week, statistics show that sales of non-fungible tokens (NFT) were $193.08 million, a decrease of 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales during the same period.
Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains. Cryptoslam.io statistics indicate that 30-day sales are generally down, with total sales at $912.54 million, more than 29% lower than last month. The top five blockchains in terms of NFT sales this week were Ethereum ($107M), Solana ($26M), Polygon ($6M), Immutable X ($5.3M) and Cardano ($3.16M dollars).
Solana’s NFT sales increased by 37.16% this week, while Cardano’s NFT sales jumped 44.27% higher than last week. However, sales of Ethereum, Polygon, and Immutable X NFT were all losses compared to last week’s sales. Notable gains in terms of blockchain NFT sales include Arbitrum’s 64.49% increase and Avalanche’s 293% increase.
Palm blockchain sales increased by 370% and Algorand NFT sales rose 58% higher than last week. While Ethereum dominates NFT sales at 55%, 18 other blockchains represent 45% of the remaining sales. The top five NFT collections in the past week, with the most sales, were Cryptopunks, Bored Ape Yacht Club (BAYC), MG Land, Otherdeed and HV-MTL.
After these collections, the fifth to tenth top sellers were Degods, Y00ts, Sorare, Mutant Ape Yacht Club (MAYC), and Gods Unchained Cards. Cryptopunks recorded $12.55 million in sales this week, up 49.15% from last week. BAYC sales were about $10.14 million this week, up 43.52% higher, while MG Land captured $7.84 million, down 5.72% from last week.
In terms of the highest valued NFT sales this week, Otherdeed #2,118 was the most expensive, selling for $375,979 three days ago. Cryptopunks #6,036 sold for $365,508 two days ago, and Bored Ape Yacht Club (BAYC) #5,647 sold for $263,537 six days ago. Finally, Cryptopunk #2,353 sold for $217,454 two days ago, and Otherdeed #99,728 sold for $205,711 three days ago. While there were close to $1 billion in sales in the last 30 days, the number of NFT buyers increased 17.36% to 1,904,731 this month.
What are your thoughts on the current state of the NFT market? Do you think the recent drop in sales is a temporary drop or a sign of a longer term trend? Share your opinions in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
