In the world of non-fungible tokens (NFTs), sales have taken a minor setback this past week, dropping 4.33% from the previous week, bringing in a total of $148.55 million. With Ethereum being the exception, four of the top five blockchains known for their NFT sales have witnessed a week-to-week decline.
NFT revenue decline for second consecutive week
The past week registered $148.55 million in NFT sales, down 4.33% from the previous week. Ethereum-based NFT sales accounted for $88.54 million of the total, representing 59.6% of this week’s total NFT sales, reflecting a 1.41% increase from the previous week . Meanwhile, Bitcoin-based NFTs brought in $25.92 million in sales, about 17.44% of the week’s total, but showed a significant decline of 14.37% from the previous week.
Data from cryptoslam.io on July 16, 2023.
Statistics from Cryptoslam.io show that NFT sales around Solana netted $8.2 million, down 17.46%. In a similar vein, Polygon earned $5.9 million, reflecting a 16.44% decline from NFT sales in the previous week. The BNB Chain also followed the trend, reporting about $5.3 million in total NFT sales for the week, representing a modest decline of 2.61%.
The top five single NFT sales from the past week.
In terms of seven-day sales, the highest-grossing collections this week were both tied to Bitcoin. The Fram NFT Collection and Uncategorized Ordinals outperformed others, taking the two top positions. Meanwhile, Bored Ape Yacht Club (BAYC), an Ethereum-focused NFT collection, dropped to third this week. Behind BAYC, Ethereum’s Captainz and Cryptopunks collections occupy the following positions.
In the top echelon of NFT sales this week, Bitcoin-based NFTs have secured three of the five leading spots. The most expensive NFT transaction belonged to an offering from the Bitcoin Burials collection, which changed hands for a whopping $1.68 million. After that, BAYC #1,734 raised a cool $1.2 million and Cryptopunk #8,531 was priced at just over $1 million. The two remaining positions in this week’s top NFT trades came from the Bitcoin blockchain, each raking in more than $400K.
What do you think of this week’s NFT sales? Share your thoughts and opinions on this topic in the comments below.