Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million

In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for $NFT sales have witnessed a week-over-week downturn.

$NFT Sales Decline for Second Consecutive Week

The past week recorded $148.55 million in $NFT sales, marking a 4.33% drop from the previous week. Ethereum-based $NFT sales accounted for $88.54 million of the total, constituting 59.6% of this week’s overall $NFT sales, and reflecting a 1.41% uptick from the week prior. Meanwhile, Bitcoin-based NFTs yielded $25.92 million in sales, roughly 17.44% of the week’s total, but exhibited a significant 14.37% decrease from the previous week.

Data from cryptoslam.io on July 16, 2023.

Cryptoslam.io stats show $NFT sales revolving around Solana amassed a sum of $8.2 million, marking a 17.46% decline. Polygon, in the same vein, garnered $5.9 million, reflecting a 16.44% dip from its $NFT sales in the previous week. The BNB Chain also followed the trend, reporting around $5.3 million in total $NFT sales for the week, representing a modest 2.61% downturn.

The top five single $NFT sales this past week.

In terms of seven-day sales, the highest-grossing collections this week were both tethered to Bitcoin. The Fram $NFT collection and Uncategorized Ordinals outperformed others, nabbing the two top spots. Meanwhile, Bored Ape Yacht Club (BAYC), an Ethereum-centric $NFT collection, slipped to the third rank this week. Trailing behind BAYC, Ethereum’s Captainz and Cryptopunks collections occupied the subsequent positions.

In the top echelon of $NFT sales this week, Bitcoin-based NFTs secured three out of the five leading spots. The priciest $NFT transaction belonged to an offering from the Bitcoin Burials collection, changing hands for a staggering $1.68 million. Following that, BAYC #1,734 fetched a cool $1.2 million, and Cryptopunk #8,531 commanded a price slightly over $1 million. The two remaining positions in this week’s top $NFT transactions originated from the Bitcoin blockchain, each pulling in upwards of $400K.

What do you think about this week’s $NFT sales? Share your thoughts and opinions about this subject in the comments section below.