Coupled with the broader cryptocurrency market downturn this week, the non-fungible token (NFT) sector also experienced a decline in sales over the previous seven days. From March 9 to March 16, 2024, the NFT market witnessed sales of $358,080,260, down 16.55% from the previous week.
NFT sales declinee On leading Blockchain platforms
This week, NFT sales dropped 16.55%, with total sales reaching $358 million. Data collected by cryptoslam.io shows that the three largest blockchain platforms in terms of NFT sales volume all reported week-on-week declines. Ethereum led the way with $129 million in revenue, but sales of ETH-based NFTs fell 20.98% compared to the previous week. Bitcoin NFT sales also saw a decline of 20.44%, with sales of just over $124 million.
Seven-day sales according to cryptoslam.io statistics.
NFT sales on Solana fell about 5% to $61.68 million last week. Polygon and BNB Chain completed the list of the top five blockchains based on NFT sales volume over a seven-day period. The top NFT collection of the week was “Uncategorized Ordinals,” which generated $57 million in sales, up 43% from the previous week. The “Bored Ape Yacht Club” (BAYC) collection followed, with sales of just over $13 million, an increase of 14%.
Peplicator, Nodemonkes and Mad Lads were among the top five NFT collections by sales volume. The highest priced NFT sale of the week was ‘Frxethredemptionticket #158’, which sold for $842,000, and the second highest was an ORDI NFT, which fetched $493,000 on March 15. Other significant sales were recorded on the Ronin, BNB and Solana blockchains. Despite a 16.55% drop in total sales this week, the number of NFT buyers rose to 370,111, a significant increase of 245% from the previous week.
What do you think of this week’s NFT sales? Share your thoughts and opinions on this topic in the comments below.