• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

NFT Market Records 8.29% Sales Decline in Past Week

user avatar

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dogecoin Retests Support Level of Parallel Channel

chest

Dogecoin has returned to the support level of a Parallel Channel following a market decline, according to analyst Ali Martinez.

user avatarKofi Adjeman

CryptoOnchain Analysis Indicates Ethereum Accumulation Phase

chest

CryptoOnchain's analysis suggests that despite recent price declines, Ethereum is in a neutral accumulation phase.

user avatarJesper Sørensen

Gold's Rally May Signal Upcoming Altcoin Season

chest

Analysts suggest that gold's price movements could influence the next altcoin season in the crypto market.

user avatarSatoshi Nakamura

Ethereum Faces Breakdown Below $1,700 Amid Market Uncertainty

chest

Ethereum's price has dropped below $1,700, raising concerns about market stability and support levels.

user avatarNguyen Van Long

Better Mortgage Introduces Innovative Home Loans Using Bitcoin and USDC

chest

Better Mortgage has opened a waitlist for a new home loan product that accepts Bitcoin and USDC as collateral, set to launch nationwide this summer.

user avatarLucas Weissmann

Cardano Faces Significant Price Drop and Market Concerns

chest

Cardano's price has plummeted to its lowest level in over five years, raising fears about its future. The ADA token dropped below 0.16 for the first time since December 2020, leading to widespread discussion and concern.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.