Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales

According to statistics, the number of non-fungible token ($NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of $NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days.

March $NFT Sales Slow, Ethereum Sales Dominate by Over 60%

In March, sales of non-fungible tokens (NFTs) dropped by 31% compared to the previous month, as the number of buyers and transactions declined. Data shows that in February, $NFT sales reached $1.03 billion, but statistics for the last day of March indicate that sales over the last 30 days amounted to $882.89 million. Of these sales, $537.89 million were settled on the Ethereum (ETH) blockchain, which dominated March sales with more than 60%. Solana-based $NFT sales accounted for 10.57% of March sales, with $93.36 million recorded.

30-day $NFT sales volume according to cryptoslam.io metrics on March 31, 2023.

In terms of $NFT sales, Solana was followed by Polygon ($36.16 million), Immutable X ($28.82 million), and Cardano ($10.08 million). The top-selling $NFT collection in March was Bored Ape Yacht Club (BAYC), which generated $35.81 million in sales, although this figure represented a 48.19% decline from the previous month. Cryptopunks was the second largest $NFT collection in terms of sales, with $30.11 million, an increase of 87.95% compared to February.

According to statistics from cryptoslam.io, the Bored Ape Yacht Club (BAYC) and Cryptopunks $NFT collections were followed by Otherdeed ($29.20 million), MG Land ($25.71 million), and HV-MTL ($18.59 million). Among the top ten $NFT collections, Degods saw a 70.53% increase in sales in March compared to February, just below the 87.95% increase that Cryptopunks experienced over the same period. Other notable collections that saw increases in sales this month include Y00ts, Claynosaurz, and Whiko $NFT.

The most expensive $NFT sales this month were Azimuth Points #236, which sold for $704,000, followed by Bored Ape Yacht Club (BAYC) #5,116, which sold for $689,000, and Fidenza #971, which sold for $561,000. BAYC #2,062 sold for $557,000 five days ago, while Fidenza #395 sold for $547,000 just over a month ago. According to 30-day statistics, no NFTs sold for over a million dollars in March. According to Dappradar.com and Dune Analytics, Blur dominated sales with over 70%, while Opensea captured 19.9%.