While non-fungible token (NFT) sales saw a 24% increase the week before, there was a 4.3% decline over the past seven days. Meanwhile, the number of NFT buyers increased by 31.48%, while the number of sellers also increased by 25.86%.
NFT sales fell 4.3%, but buyer and seller participation increased
This past week, NFT sales were quite lackluster, dropping 4.3% compared to the week before. Total sales amounted to $90,678,150, with Ethereum-based NFTs leading the charge at $32,195,968, although this figure represents a decline of 8.26% according to cryptoslam.io data.
Solana claimed the second spot with revenue of $19.4 million, up 6.39% from the previous week. Bitcoin rounded out the top three with $13.7 million in sales, a gain of 12.39%.
The top collection of the week was Ethereum’s Cryptopunks, which raked in $5.43 million, although sales fell 29.01% compared to last week. Solana’s Monkey NFTs raked in $3.36 million, taking second place and rising 52.16% in sales this week.
The third most active NFT collection was Immutable
The most expensive NFT of the week was Bored Ape Yacht Club #7,398, which fetched $325,387 a day ago. Close behind was an Arbitrum GUSDC Locked Deposit, which sold for $184,956 five days ago, followed by a Bitcoin-based Ordinal Maxi Biz NFT, which went for $82,819 yesterday.
This week’s NFT market activity paints a picture of a dynamic and evolving landscape, where despite some decline in sales, interest from buyers and sellers remains vibrant. The varied performance across platforms and collections suggests a market is still finding its footing.