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Home»NFT»NFT revenue decline for second consecutive month after record-breaking start to 2023
NFT

NFT revenue decline for second consecutive month after record-breaking start to 2023

2023-05-02No Comments3 Mins Read
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Sales of non-fungible tokens (NFTs) are down 5.76% in the past 30 days, according to the latest NFT sales statistics. The data shows that the April sales figure was $732.13 million, which is $44.75 million lower than the $776.88 million recorded in March.

NFT Revenue Drops 5.76% in April, Ethereum Dominates, Bored Ape Yacht Club Leads in Collections

NFT revenue exceeded $1 billion in both January and February 2023; however, sales figures declined in March and April. According to cryptoslam.io’s latest NFT sales data for April, revenue was $732.13 million, which is 5.76% lower than the previous month.

Of this amount, Ethereum-based NFT sales dominated the market, accounting for $485 million in transactions. However, Ethereum NFT sales fell 19% in April compared to March numbers.

Meanwhile, Solana-based NFT revenue posted $88.16 million, down 6.78% from last month. The top five blockchains with the most NFT sales in April, after Ethereum and Solana, were Polygon, Immutable X, and BNB Chain, according to the latest data.

Top five NFT collections in terms of 30-day sales volume.

During the month of April, Polygon witnessed a sales increase of 22.75%. Meanwhile, Arbitrum, the sixth largest blockchain in terms of NFT sales, saw its sales increase by 78.35%, amounting to $10.29 million. In terms of NFT collections, Bored Ape Yacht Club (BAYC) emerged as the leader with revenues of $45.10 million.

Top Five Most Expensive NFT Sales in April.

Azuki NFTs took second place with $21.91 million in revenue last month. Nakamigos, Mutant Ape Yacht Club and Mad Lads followed BAYC and Azuki in terms of NFT sales. Sandbox’s Land #21,221 emerged as the top-selling NFT in the past month, selling for $1.256 million about 20 days ago.

See also  Palm Foundation to Scale Its Native Network to Support NFT Minting and Trading

The second most expensive NFT sale in April was Maverick Position #386, which netted $1.05 million 16 days ago. Azuki #3,628 took third place on the list, selling for $626K 18 days ago, followed by Azuki #5172, which was acquired for $458K. The fifth most expensive NFT sale in April was CryptoPunk #3,990, which sold for $444K 24 days ago.

As of Sunday, April 30, 2023, nftpricefloor.com reports that the collection with the highest minimum value is Cryptopunks, currently around 49.99 ether. Just below Cryptopunks is Bored Ape Yacht Club (BAYC), with a floor of about 48.69 ether. The bottoms of the top collections after Cryptopunks and BAYC include Mutant Ape Yacht Club, Azuki and Otherdeed.


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