This past week, sales volume for non-fungible tokens (NFTs) saw another week-on-week decline, down 13.72%. This downturn marks the fourth straight week of declining NFT sales, a stark contrast to the record performance seen in other sectors in March. During this period, the splendor of trading volumes did not extend to digital collectibles.
NFT sales are down 13.72% from last week
Both centralized and decentralized cryptocurrency exchanges reached peak trading volumes in March, but marketplaces that purchase non-fungible tokens (NFTs) consistently recorded declines week after week. The trend continued over the seven days between March 29 and April 5, 2024, with sales down 13.72%, while six leading blockchains in NFT sales posted weekly declines. Leading the way, Bitcoin-focused NFT sales totaled $66.67 million, despite a 17.99% decline from last week’s figures.
Ethereum secured second place with revenue of $63.98 million, a decline of 8.89%. After Ethereum, Solana with a decline of 12.70%, Mythos with a decline of 4.36% and Polygon with a decline of 19.7% rounded out the top five blockchain platforms by NFT sales volume. Uncategorized Ordinals, leading the NFT collections, collected $21.11 million, while the Bored Ape Yacht Club (BAYC) collection claimed the second highest volume of the week with $6.68 million, according to cryptoslam.io stats .
This week, Mythos’ Dmarket collection recorded sales of $6.63 million, while Bitcoin’s Nodemonkes lagged slightly at $6.3 million. Mad Lads raised $5.52 million despite a 27% decline from the previous week. The highest-priced NFT sold last week was a digital collectible from BNB Lockdeal, which fetched $651,963. Closely followed, BAYC #591 was acquired for $301,563. About five days ago, Bitcoin Shroom #173 was purchased for $216,657.
What do you think of this week’s NFT sales data? Let us know what you think about this topic in the comments below.