The NFT Market Sees a Decline in Sales Volume by 4.16% in the Last Seven Days

Latest Data Insights from Cryptoslam

In the past week, the non-fungible token (NFT) market experienced a 4.16% decrease in sales volume, totaling $77.6 million. This marks a decline from the previous week’s sales figures. The number of NFT buyers dropped by 66.81% to 263,804, while the number of sellers also decreased by 67.87% to 121,399. Additionally, NFT transactions were down by 13.78% to 1,662,101 over the same period.

Bitcoin Leads the Blockchains in Seven-Day Surge

During the past week, Bitcoin’s network stood out with a notable 23.11% increase in sales volume, reaching $15.6 million. Ethereum remained at the top in terms of sales volume, although $2.7 million of the total sales was attributed to wash trading. Ethereum saw a 52% drop in the number of buyers, totaling 26,673. Following Ethereum, Bitcoin ranked second with $15.6 million in total sales, while Solana, Mythos Chain, Polygon, and Binance Coin followed with $10.5 million, $8.3 million, $5.3 million, and $3.2 million in sales, respectively.

DMarket Retains Top Position

For another consecutive week, DMarket maintained its lead as the top NFT collection with sales reaching $8.02 million. Guild of Guardians Heroes and Bitcoin Puppets secured the second and third positions with $3.02 million and $2.97 million in sales, respectively. Notable NFT sales in the past seven days included Bored Ape Yacht Club #7940 selling for $1,433,582, Axie Infinity for $79,729, Known Origin #33608 for $73,160, CryptoPunks #7476 for $70,728, and CryptoPunks #3654 for $69,672.