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

NFT Market Shows 4.2% Drop in the Past Week

user avatar

by Giorgi Kostiuk

a year ago


  1. Ethereum and Solana Lead the Pack
  2. Top NFT Collections
  3. Top NFT Collectible Sales

  4. In the past seven days, the NFT market saw a 4.2% drop in sales volume, totaling $73.75 million, according to Cryptoslam data. Despite this decline, the number of buyers increased by 132%, although the number of transactions fell by 26%.

    Ethereum and Solana Lead the Pack

    According to the data, Ethereum ($ETH) maintained the top position with $23.9 million in NFT sales, though the network saw a 9.6% drop in sales compared to the previous week. Interestingly, 12.24% of the sales on this platform were attributed to wash trading. Solana ($SOL) took the second position with $16 million in sales, followed by Bitcoin ($BTC), Polygon ($POL), and Binance Coin ($BNB) with $13 million, $7.5 million, and $3.3 million in sales respectively.

    Top NFT Collections

    Guild of Guardians on Immutable-Zk claimed the top spot in terms of sales volume with $2.86 million and 5786 transactions. DogeZuki on Solana took the second spot with $2.4 million in sales with 61,447 transactions. Sorare on Ethereum ranked third with $2.368 million and 108,690 transactions. CryptoPunks and DMarket are fourth and fifth respectively.

    Top NFT Collectible Sales

    Despite the volatile crypto market conditions, some notable NFT collectible sales were recorded. CryptoPunks #1219 sold for $308,316.94 (130 ETH). Autoglyphs #337 for $223,153.25 (87.6692 WETH), and Autoglyphs #337 for $171,000.00 (171000 USDC). Known Origin #22001 sold for $140,695.52 (55 WETH), and Autoglyphs #281 for $129,684.88 (51 WETH).

    In conclusion, while there is an overall decline in sales volume, a significant increase in NFT buyers indicates a growing interest in the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Across Protocol Considers Revolutionary Token-for-Equity Swaps

chest

Across Protocol is considering a significant structural change by proposing token-for-equity swaps, which could revolutionize DeFi.

user avatarAisha Farooq

Stablecoins Recognized as Key Winners in Cryptocurrency Market

chest

Stablecoins are recognized as the only clear structural winners in the cryptocurrency market due to their ties to physical assets like the dollar.

user avatarTenzin Dorje

New Research Paper Addresses Quantum Computing Threat to Bitcoin

chest

A report from ARK Invest and Unchained discusses the potential impact of quantum computing on Bitcoin's cryptography, concluding that while it is a long-term concern, it is not an immediate threat.

user avatarBayarjavkhlan Ganbaatar

South Korea Launches AI System for Cryptocurrency Tax Tracking

chest

South Korea's National Tax Service is developing an AI system to track cryptocurrency profits for taxation starting in 2027.

user avatarMohamed Farouk

Ethereum Outpaces Bitcoin in Growth of Nonempty Addresses

chest

Ethereum has significantly outpaced Bitcoin in the growth of nonempty addresses, indicating strong adoption.

user avatarElias Mukuru

Bitcoin Demonstrates Strength Despite Geopolitical Strains.

chest

Bitcoin has shown resilience by outperforming traditional assets during recent geopolitical tensions.

user avatarDiego Alvarez

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.