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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

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.

Other news

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

Decrypt Revolutionizes News Consumption with Integrated Trading

Decrypt has integrated perpetual futures trading powered by Phoenix, allowing users to trade directly from the platform, enhancing the connection between news consumption and trading actions.

user avatarAndrew Smith

Arca Desktop App Now Open to Public for AI Session Monetization

The Arca desktop app has launched to the public, allowing users to monetize their AI session data.

user avatarJacob Williams

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.