- The latest stats indicate a further decline in non-fungible token (NFT) sales this week, down 5.05% compared to the week before. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s revenue was $106 million, surpassing Bitcoin’s $70 million revenue in the same seven-day period.
Ethereum leads in weekly NFT sales, outperforming Bitcoin as the digital collectibles market generally declines
Sales of non-fungible tokens (NFTs) are down 5.05% from the previous week, yet there has been an 82.40% increase in buyers and a 77.46 increase in sellers %. Recently, Bitcoin led the way in sales, but Ethereum has now taken the lead with $106 million in NFT sales, marking a 28.15% increase from last week. Meanwhile, Bitcoin’s total turnover reached $70,367,439, reflecting a downturn of 35.25% according to cryptoslam.io statistics.
NFT sales between January 13, 2024 and January 20, 2024, according to cryptoslam.io statistics.
Solana witnessed a 35.07% increase in sales, reaching $59 million in the past week. In contrast, Polygon experienced a decline, with revenue totaling $25.33 million, down 43.02% from the previous week. Among the top five blockchains for NFT sales, Avalanche saw an increase of 22.13%, culminating in volume of $14.24 million. Arbitrum also stood out with a significant increase of 26.02%, securing $3.27 million in NFT sales within the same seven-day period.
This week’s top NFT collection was Solana’s Cryptoundeads, with $15.9 million in sales. Following in the background was Bitcoin’s Uncategorized Ordinals, with a total of $13.32 million in NFT sales, down 41.53%. From the Bitcoin blockchain, only two collections made it into the top ten, with Bored Ape Yacht Club (BAYC) and Cryptopunks also gaining spots in the top ten.
The highest-priced NFT sold this past week was “Lif3 V3 Positions NFT #9,” priced at $698K. Following closely behind was Polygon’s “Lif3 V3 Positions NFT #15,” which sold for $245,000. In third place was Solana’s ‘Boogle #047’, which raised $219,000 three days ago. Additionally, notable sales were observed on the BNB, Bitcoin and Flow blockchain networks, with high-priced sales ranging from $40,000 to $73,000.
What do you think of this week’s NFT sales promotion? Share your thoughts and opinions on this topic in the comments below.