NFT Market Records 8.29% Sales Decline in Past Week

by Giorgi Kostiuk

2 years ago

The global NFT market is showing a decrease in sales, losing 8.29% in volume in the past week. However, Ethereum and Bitcoin platforms see increased activity.

NFT Market Sales Decline

According to data from CryptoSlam.io, the global NFT market's trading volume fell to $78 million over the past seven days, a decrease of 8.29% from the previous week. The number of investors buying NFTs has decreased to 334K. NFT transactions also fell by 19%.

Growth in NFT Sales on Ethereum and Bitcoin

Ethereum maintained its lead among blockchain networks with $28 million in sales, up 9.93%. Bitcoin took second place in the ecosystem, reaching a trading volume of $15 million, an increase of 15%.

These data suggest that interest in leading blockchain platforms in the NFT space remains high despite the overall market downturn.CryptoSlam Experts

Top 5 Best-Selling NFT Collections

Among the best-selling collections this week, DMarket leads with $4.9 million in sales, despite a 66% drop. It is followed by Bitcoin Puppets ($3.1M), Guild Of Guardians ($2.9M), Bored Ape Yacht Club with a 127% growth ($2.7M), and CryptoPunks ($2.4M).

Despite the overall decline, interest in individual blockchains and collections remains high, indicating potential growth opportunities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Gate Reports Impressive Cold Storage Coverage Ratio

Gate's cold storage coverage ratio reached an impressive 104.58%, ensuring all user assets are secure.

Rajesh Kumar10 hours ago

Gate Launches Innovative Proof of Security Framework

Gate has launched a new asset security verification framework called Proof of Security (PoSEC), becoming the first digital asset trading platform to implement such a system.

Miguel Rodriguez11 hours ago

US DOJ Launches Task Force to Combat AI Misuse

The US Department of Justice has launched a task force to combat the misuse of advanced artificial intelligence, ensuring American leadership is not compromised by bad actors.

Luis Flores11 hours ago

Mercado Bitcoin Suffers Major Security Breach with $48 Million Stolen

Mercado Bitcoin has reported a significant security breach, with over $48 million in assets stolen across 11 blockchains. The breach occurred on November 2, 2023, challenging the exchange's claims of containment.