From April 27 to May 4, 2024, non-fungible token (NFT) sales totaled $164.4 million, reflecting a decline of 30.16% compared to the previous week. As the leader in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, down 41.57% from the previous week.
Bitcoin and Ether Lead in the Volatile NFT Market; Weekly sales down 30%
Cryptoslam.io data shows that NFT sales fell by more than 30% this week, totaling approximately $164.4 million. Conversely, the number of NFT buyers increased by 37.17% and the number of sellers increased by 31.1%. Among 22 different blockchain networks, BTC-centric NFT transactions led with a profit of $56.81 million. Ethereum NFT transactions reached $49 million, although ETH-based NFT sales fell 27.14%.
Non-fungible tokens (NFT) sales between April 27 and May 4, 2024.
Solana NFT transactions generated $25.61 million, down 23.85% from last week, while Polygon NFT revenues totaled $11.34 million, down 27.38%. Mythos Chain, which ranks fifth in NFT sales, generated $7.10 million, up 15.39%. Notable gains were also seen in other chains, with Immutable
This week’s top NFT collection by sales volume was Uncategorized Ordinals from the Bitcoin blockchain, which raised $32.63 million, although sales fell 51.18%. Mythos’ Dmarket secured second place with $6.94 million, up 15.34%. Bored Ape Yacht Club (BAYC) followed, earning $4.33 million, down 41.36% since April 27.
The most expensive NFT sold was Cryptopunk #7,846, which fetched $557,803 two days ago. Closely following, an NFT from the Uncategorized Ordinals collection sold for $256,550, and a Solana Boogle claimed the third spot for $161,066. As the NFT market navigates these ebbs and flows, stakeholders remain vigilant and anticipate new trends that could redefine the trajectory of the NFT ecosystem.
What do you think of the NFT sales recorded in the last seven days? Do you expect NFT sales to pick up again this summer? Share your thoughts and opinions on this topic in the comments below.
