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

Bitcoin Holds Steady Above 80,000 as Market Recovery is Tested

Bitcoin's price remains above 80,000, indicating a recovery from March lows, with differing behaviors observed among large holders.

Elias Mukuru36 minutes ago

Gerstein Harrow LLP Files Restraining Notice Over Ethereum Linked to Kelp DAO Hack

Gerstein Harrow LLP has filed a restraining notice in a New York district court, claiming legal rights to approximately 30,766 Ethereum frozen after the Kelp DAO hack.

Diego Alvarez2 hours ago

Aave Takes Legal Action to Release Frozen Ethereum in Kelp DAO Hack Case

Aave has filed an emergency motion in a New York district court to vacate a restraining notice blocking the Arbitrum DAO from accessing approximately 30,766 Ethereum frozen after the Kelp DAO hack.

Kenji Takahashi2 hours ago

World Liberty Financial Sues Justin Sun for Defamation

World Liberty Financial has filed a defamation lawsuit against Justin Sun, accusing him of orchestrating a smear campaign to damage the company's reputation and manipulate token prices.