NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week's ETH-Based NFT Sales

Non-fungible token ($NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in $NFT sales have been settled over the last seven days.

Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead $NFT Sales Surge

While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in $NFT sales compared to the previous week. Bitcoin.com News reported last week that $NFT sales had surged 43%, but in the past seven days, sales have increased by 138.15% since last Friday. Over the last week, $801 million in $NFT sales were settled, and the number of $NFT buyers increased by 34.7% compared to the previous week. Ethereum dominated $NFT sales over the last seven days, accounting for $762 million of the total sold.

Solana followed Ethereum in $NFT sales with $17,717,911, but while Ethereum’s sales jumped 162.67% over the last week, Solana’s $NFT sales dropped by 1.86%. Ethereum and Solana are followed by Polygon, Immutable X, and BNB in terms of weekly sales. Every blockchain in the top 10 rankings in terms of sales saw a decline this week except for Ethereum and Panini. Panini’s $NFT sales rose 56.52% to $452,827 in sales settled this past week.

Top five most expensive NFTs sold over the last seven days.

The top $NFT collection in terms of sales since last Friday is Mutant Ape Yacht Club (MAYC), with sales surging 444.58% higher than the previous week, capturing more than $92 million in settled sales. MAYC is followed by Otherdeed, Bored Ape Yacht Club (BAYC), Azuki, and Moonbirds, respectively. All five $NFT collections rose 65% or more during the last seven days. One notable gainer was Opepen Edition, the sixth-largest collection in terms of weekly sales, which saw a 5,235.80% rise since last week, accumulating $37,593,913 in settled sales.

Once again, in terms of ETH-based $NFT markets, the new $NFT marketplace Blur has outpaced Opensea’s weekly volume, capturing 81% of the $NFT market share in settled sales this week. Opensea‘s volume accounted for roughly 13.6% of the total $NFT sales volume in seven days. Following Blur and Opensea are X2Y2, Immutable X Marketplace, and Looksrare. The new Cardano-based marketplace, JPG Store, ranks sixth in sales this week as $NFT sales rose 35.94% compared to its sales from last week.