Over the past few weeks, sales of non-fungible tokens (NFTs) have been flat and data from the past seven days shows that NFT sales have fallen by 8.11% over the previous week. Despite the economic downturn, some NFT groups saw a significant increase in sales as groups such as Electricsheep, Moonbirds and Moonbirds Oddities rose between 90% to more than 16000%.
NFT sales down 8% with Ethereum-based NFTs leading 83% of this week’s $159 million sales volume
- Data from the past seven days shows that $159.24 million was recorded in NFT sales, which is 8.11% lower than the previous week’s sales of $173.29 million. $133.45 million, or 83% of all NFT sales this week that are derived from Ethereum-based NFTs, were settled.
- The remaining sales originated from 17 different blockchain networks. While Ethereum took the lion’s share, NFT sales were stemming from ETH The chain is up 8.16% this week. The blockchain that has seen notable gains for seven days is the Palm network which is up 60.50%, and the Flow blockchain which is up 40.12%.
- Besides Flow and Palm, the Fantom, Arbitrum, and Cronos blockchain networks have also seen gains in NFT sales over the past seven days. The biggest loser in terms of NFT sales last week was Waves, with chain NFT sales down 61.44% from the previous week.
- Most NFT sales this week originated from the Bored Ape Yacht Club (BAYC) NFT group, but BAYC sales are down 5.06% this week. BAYC follows Potatoz compilation, Sorare Football, Otherdeed, and Moonbird Oddities.
- Moonbird Oddities saw a noticeable increase of 266.10% for seven days in terms of weekly sales, but the NFT Electricsheep Group jumped a whopping 16,591.74% this week. Interest in Moonbird Oddities this week also boosted sales of the original Moonbirds group, which were up 92.27% from the previous week.
- The most expensive NFT sale this week was Bored Ape Yacht Club #5555, having sold for 270 ether, or $427,000, six days ago. BAYC #5555 was followed by Cryptopunk #9650, which sold for 169 Ether, or $264K, six days ago as well. The most expensive NFT sales were followed by other most expensive sales #89,944, BAYC #6,775 and BAYC #4814, respectively.
- The top-selling NFT markets this week stem from Opensea, X2Y2, Magic Eden and Looksrare, according to dappradar.com statistics on Tuesday. Opensea is approaching $32 billion in all-time sales globally with $31.51 billion, and Looksrare Market trails Opensea in all-time sales records with $1.57 billion.
What do you think of the NFT sales action this week? Tell us what you think about it in the comments section below.
photo credits: Shutterstock, Pixabay, Wiki Commons, Moonbirds
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