For the seventh consecutive week, sales of non-fungible tokens (NFTs) have continued to decrease. Over the past week, NFT transactions amounted to $66.11 million, showing a drop of 11.65% compared to the week before.
While the wider crypto market saw a boost, NFT sales did not follow the same upward trajectory. For seven consecutive weeks, the volume of NFT sales has been on a decline.
However, there's a silver lining in this week's report: the number of NFT buyers increased by 17.77%, and the number of sellers rose by 15.82%. Data from cryptoslam.io highlights that Ethereum-platform NFT sales dominated the market, contributing $38.10 million to the week's total.
This means that 57.63% of all NFTs sold during the week were on the Ethereum platform. Nonetheless, the sales of Ethereum-based NFTs experienced a minor drop of 0.84% this week. Meanwhile, Mythos NFT transactions secured the second spot in the rankings, raking in $8.79 million, which is a 12.29% increase from the previous week.
Solana claimed the third position, registering sales worth $6.86 million, marking an 8.87% weekly growth. Leading the NFT sales for the week, the Dmarket collection associated with Mythos amassed $8.72 million, an increase of 12.32%. Following closely was Bored Ape Yacht Club (BAYC) with revenues of $4.13 million, a jump of 25.18%.
On the other hand, Polygon's Draftkings secured the third rank, pulling in $3.28 million, despite witnessing a decrease of 18.24%. Sorare was not far behind with sales of $2.87 million, reflecting a growth of 3.87%. Cryptopunks also made a significant impression, accumulating $2.79 million, a remarkable surge of 61.41% compared to last week.
The week's highlight sale was Cryptopunk #2367, which sold for an impressive $143,062 just a few days ago. BNB's Starcraft Planets #1498 went under the hammer for $32,880 merely a day ago, while Bitcoin's Ordinal Maxibiz fetched a price of $30,646 on Magic Eden three days prior.
In a noteworthy trend, the floor prices of today's premier NFT collectibles have seen a considerable decrease. Cryptopunks have declined to 45 ether, while BAYC NFTs dropped to 26.30 ether, as reported by nftpricefloor.com. This decrease mirrors the overall downward trend in the valuation of high-end digital collectibles.
