NFT Sales Dip 3.86% in the Past Week, Ethereum Dominates With $32M Revenue

Over the past week, non-fungible token (NFT) sales declined by 3.86% compared to the previous week. Leading the market, Ethereum-based NFT sales reached $32.81 million, which was approximately 10.06% lower than the previous week’s revenue.

Weekly Digital Collectibles Sales Slide

Following an 8% increase last week, sales of digital collectibles have declined. This week, NFT sales totaled $104.79 million, with 31.31% originating from the Ethereum blockchain. Solana ranked second, recording $21.88 million in sales, which was a 2.58% decrease from the previous week. Polygon experienced a substantial 2.08% increase, reaching $20.07 million in NFT sales. Bitcoin was the fourth largest, with sales amounting to $15.64 million, a decline of 0.51%. The Mythos network saw $4.18 million in sales, down 0.71% from the prior week.

The top-selling collections this week include Dmarket ($3.93M), Dogezuki Collection ($3.04M), Froganas ($2.76M), Send It ($2.62M), and Base Ape ($2.13M). Send It, from Solana, saw a 1,715.16% increase, Ethereum’s Mocaverse recorded a 315.56% rise, and C_hypc experienced a 131.49% increase, all marking significant triple to quadruple-digit percentage growth. The highest-priced NFT sold this week was Ethereum’s Token Vesting Plans #582, which fetched $360,611 five days ago.

Additionally, Punk #3,100 from the Bitcoin blockchain sold for $115,430 on Magic Eden five days ago. Arbitrum’s Gusdc Locked Deposit sold for $88,908 four days ago. As the NFT market continues to experience fluctuations, the varied performance across different blockchains underscores the sector’s dynamic nature. Seven-day sales have been lingering just above the $100 million mark, which seems to indicate a floor in current weekly demand.

What do you think about this week’s NFT sales? Share your thoughts and opinions about this subject in the comments section below.

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