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.
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.
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