NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023

Closing out the third week of January 2023, non-fungible token ($NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the $NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in $NFT sales were recorded over the last seven days, with $206.06 million being Ethereum-based NFTs.

Ethereum Dominates $NFT Market as Blockchains Theta, Fantom, Palm, and Wax See Largest Gains in $NFT Sales

Digital ownership continues in 2023 with $256.69 million in non-fungible token ($NFT) sales over the last seven days, according to statistics from cryptoslam.io. This represents a 16.39% increase from the previous week’s $NFT sales and includes 1,355,376 $NFT transactions. A total of 320,580 buyers participated in the market activity, a 43.48% increase from the prior week.

$NFT sales volume increased by more than 16% higher than the week before.

Out of 20 unique blockchain networks, Ethereum ($ETH) dominated, with $206.06 million of the past week’s sales coming from the $ETH chain. $ETH-based $NFT sales increased by 24.78% over the last week. The second-leading blockchain in terms of $NFT sales this week is Solana (SOL), which had $36,378,730 in $NFT sales. However, Solana $NFT sales were down 10.44% compared to the previous week.

The top $NFT collectible sales during the trailing seven day period.

The blockchains that saw the largest seven-day gains in terms of $NFT sales were Theta, up 239%; Fantom, up 144%; Palm, up 97%; and Wax, up 73% this week. The top-selling cryptographic collections this week included Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki, and Otherdeed.

The top three most expensive $NFT sales this week include Bored Ape Yacht Club #4,025, which sold seven days ago for $613,000; Cryptopunk #7,674, which sold for $451,000 five days ago; and Cryptopunk #7,641, which sold for around $418,000 three days ago. At 10 a.m. Eastern Time on Sunday, Jan. 22, 2023, Cryptopunks had the highest floor value at 66.69 $ETH, while BAYC’s floor was just below at 66.247 $ETH, according to data from nftpricefloor.com.