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

Institutional Inflows into XRP ETFs Indicate Growing Interest

Recent reports indicate significant inflows into US spot XRP ETF products, highlighting growing institutional interest in regulated access to XRP.

Maria Fernandez8 minutes ago

XRP Holds Steady Above 104 as Whale Activity Declines

XRP is trading above the critical support level of 104, with decreased whale activity on Binance suggesting a quieter market phase.

Gustavo Mendoza8 minutes ago

US Government Bans Import of Advanced Robotic Devices from Foreign Countries

The US government has announced an import ban on advanced robotic devices from foreign countries, particularly targeting China.

Rajesh Kumar14 minutes ago

Major US Banks Successfully Test Tokenized Cross-Border Payments

Several major US banks, including JPMorgan, Citi, and UBS, have begun testing tokenized cross-border payments, settling transactions in an average of 80 seconds.