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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Claver Highlights Importance of Stablecoin Regulation and Institutional Adoption

Claver highlights the importance of stablecoin regulation and its potential impact on institutional adoption and the cryptocurrency market.

Andrew Smith29 minutes ago

Jake Claver Predicts XRP Could Reach $1,000 Amid Global Economic Shifts

Jake Claver predicts that XRP could reach $1,000 due to global economic shifts, including liquidity stress and stablecoin regulation.

Jacob Williams29 minutes ago

New Proposal Aims to Revive Solana's Disinflation Debate

A new proposal, SIMD0411, seeks to double Solana's disinflation rate from 15% to 30%, aiming for a more sustainable economic model.

Zainab Kamaraan hour ago

Anatoly Yakovenko Calls for New SOL Disinflation Efforts

Anatoly Yakovenko, cofounder of Solana, calls for renewed efforts to accelerate SOL disinflation following a GitHub discussion proposing a resource-based base fee to improve tokenomics.