NFT sales drop to $77.6m, Bitcoin network leads in weekly surge

The non-fungible token, or NFT, market has witnessed a 4.16% plunge in sales volume over the last seven days.

Here’s a breakdown of the latest data from Cryptoslam:

• NFT sales volume dropped in the last seven days and stands at $77.6 million — lower than weekly NFT sales in the previous week.
• NFT buyers dropped by a considerable 66.81% to 263,804 from last week’s 794,763
• NFT sellers fell to 121,399, depicting a 67.87% drop.
• NFT transactions were down by over 13.78% in the last seven days to 1,662,101.

Bitcoin leads the blockchains in seven-day surge

Now, let’s take a look at the blockchains that have reigned supreme during this period.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Ethereum (ETH) stands first in terms of sales volume. However, the Bitcoin (BTC) network exhibited a 23.11% surge in volume during the last seven days.

The numbers, which stand at $15.6 million, are considerably higher than last week’s $1.7 million.

Cryptoslam shows that Ethereum ranks first with $26.5 million in NFT sales volume. But $2.7 million of the total sales was wash trading.

The number of Ethereum NFT buyers dropped by 52% and stood at 26,673.

Bitcoin bagged the second place with $15.6 million in total sales.

Solana (SOL) comes in third with its $10.5 million in sales. Mythos Chain (MYTH), Polygon (POL) and Binance Coin (BNB) followed suit with $8.3 million, $5.3 million and $3.2 million in sales, respectively.

Solana recorded the highest number of buyers, just like last week at 60,115. However, it is considerably lower in comparison to last week’s 393,044 buyers.

DMarket still holds its first position

NFT Collection Rankings by Sales Volume (CryptoSlam)

Just like last week, DMarket is the NFT collection that is holding the position of the highest sales in the last seven days. The sales stood at $8.02 million, which happened in over 342,900 transactions.

Guild of Guardians Heroes is second on the list with $3.02 million in sales. Third on the list is CryptoPunks was dethroned by Bitcoin Puppets, which marked a 59.2% rise in sales volume in the last seven days at $2.97 million.

Coming to the top NFT collectible sales, below are the top NFT sales from the last seven days:

• Bored Ape Yacht Club #7940 sold for $1,433,582 (588ETH).
• Axie Infinity sold for $79,729 (32.6 ETH).
• Known Origin #33608 sold for $73,160 (30 WETH).
• CryptoPunks #7476 sold for $70,728 (28.99 ETH).
• CryptoPunks #3654 sold for $69,672 (28.5 ETH).