Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility 

In the midst of a turbulent week for the crypto market, non-fungible token ($NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. Data also reveals that there has been an increase of 41% in $NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week.

Despite Crypto Market Drop, $NFT Sales Increase by Nearly 8%

Of the total sales this week, the Ethereum ($ETH) blockchain contributed a significant portion, amounting to $124.7 million, while $22.66 million came from the Solana ($SOL) blockchain. While $ETH-based $NFT sales experienced a slight drop of 1.75%, $SOL-based $NFT sales swelled by 88.19%, according to cryptoslam.io metrics. The top five chains which recorded the highest $NFT sales over the last seven days include $ETH, $SOL, MATIC, BNB, and Immutable X.

Bored Ape Yacht Club (BAYC) emerged as the top-performing $NFT collection this week, with sales reaching $16.38 million. BAYC sales rose by 64.07% over the past seven days, leading the pack of the top eight $NFT collections for the week. Mad Lads ($8.4M), Azuki ($7.5M), Mutant Ape Yacht Club ($4.97M), and the Captainz ($4.84M) followed closely in terms of sales, with Blocklords Banners ($3.8M), The Heist $NFT compilation ($4.5M), and Trump’s Digital Trading Cards (series 2) ($3.33M) rounding out the list.

The highest-valued individual $NFT sale this week was Cryptopunk #2,356, which fetched $380,483 five days ago, followed by Azuki #6,954, which sold for $358,249 four days ago. Autoglyphs #145 secured the third highest sale, selling for $286,709, followed by Azuki #5,523, which was sold for $253,464. Vethena #9,130 took the fifth spot, selling for $223,161 three days ago.

According to statistics from nftpricefloor.com, the Cryptopunk collection continues to dominate the $NFT market, with the highest floor value followed closely by Bored Ape Yacht Club. Mutant Ape Yacht Club, Azuki, and Otherdeeds follow closely behind. Notable $NFT collections that have experienced a double-digit floor rise include BAYC, MAYC, Autoglyphs, and the Captainz.