This past week, sales of non-fungible tokens (NFT) fell by 3.86% compared to the previous week. As the market leader, Ethereum-based NFT sales reached $32.81 million, which was approximately 10.06% lower than the previous week’s sales.
Weekly sales slide for digital collectibles
After an 8% increase last week, sales of digital collectibles have fallen. This week, NFT sales totaled $104.79 million, of which 31.31% came from the Ethereum blockchain. Solana ranked second, posting revenue of $21.88 million, which was down 2.58% from the previous week. Polygon saw a substantial increase of 2.08%, reaching $20.07 million in NFT sales. Bitcoin was the fourth largest, with sales of $15.64 million, down 0.51%. The Mythos Network saw revenue of $4.18 million, down 0.71% from the previous week.
The best-selling collections this week include Dmarket ($3.93 million), Dogezuki Collection ($3.04 million), Froganas ($2.76 million), Send It ($2.62 million) and Base Ape ($2.13 million) . Solana’s Send It was up 1,715.16%, Ethereum’s Mocaverse was up 315.56%, and C_hypc was up 131.49%, all marking significant three- to four-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 of the Bitcoin blockchain sold for $115,430 on Magic Eden five days ago. Arbitrum’s Gusdc Locked Deposit sold four days ago for $88,908. As the NFT market continues to experience fluctuations, the varied performance of different blockchains underlines the dynamic nature of the sector. Seven-day sales are hovering just above the $100 million mark, which appears to indicate a bottom in current weekly demand.
What do you think of this week’s NFT sales? Share your thoughts and opinions on this topic in the comments below.