During the first week of H2 2023, non-fungible token (NFT) sales witnessed a 23.39% decline compared to the previous week, marking a two-week downward trend. A total of $195.95 million in NFT sales took place, with Ethereum-based NFTs accounting for $130.77 million.
NFT sales take a hit: Week-over-week drop of 23% in the first week of July 2023
Data from Cryptoslam.io reveals a 23.39% drop in NFT sales this week compared to the previous week. Along with this downturn, there was a notable 96.48% drop in NFT buyers and a 15.26% drop in the number of NFT sales. ETH-based NFT sales led the pack with 66.73% of total revenue, reaching $130.77 million last week.
Seven-day NFT sales data according to cryptoslam.io on July 8, 2023.
Despite their dominance, ETH NFT sales saw a 14.77% drop compared to the previous week. Out of 22 networks, Bitcoin (BTC) ranked second in terms of sales, with a record $23.37 million last week and a slump of 34.99% week over week. Ethereum and Bitcoin were followed by Solana, BNB and Polygon in weekly sales.
Top five NFT sales of the past week according to cryptoslam.io data dated July 8, 2023.
Bored Ape Yacht Club (BAYC) emerged as the best-selling NFT collection last week, generating $22.57 million in revenue and growing 1% over the prior week. Azuki, Mutant Ape Yacht Club (MAYC), Uncategorized Ordinals and Fram BRC20 followed BAYC. Sales of Fram BRC20 NFT increased by no less than 97.47%. Captainz and Degods also posted significant gains of between 43% and 70% respectively.
Of the top five NFT aggregate sales this week, three were from the Bitcoin blockchain, while two were based on Ethereum. The most expensive sale was an Uncategorized Ordinal which grossed $832,000; however, not a single NFT or digital collectible crossed the million dollar mark this week.