NFT Sales Experience Weekly Drop

The world of non-fungible tokens (NFTs) faced a minor setback as sales figures dipped by 4% in the past week, resulting in a total of $148.55 million. Four of the top five blockchains renowned for NFT sales witnessed a downturn, with Ethereum being the exception.

Out of the overall NFT sales this week, Ethereum-based transactions accounted for $88.54 million, representing a significant portion at 59.6% and indicating a 1.41% increase compared to the previous week. On the other hand, Bitcoin-based NFTs generated $25.92 million in sales, constituting approximately 17.44% of the week’s total but experiencing a notable 14.37% decrease.

NFT Sales Experience Second Week of Decline

Solana, known for its NFT sales, saw a decline of 17.46%, accumulating $8.2 million in sales. Similarly, Polygon witnessed a dip of 16.44% with NFT sales amounting to $5.9 million. The BNB Chain followed suit, reporting a modest 2.61% downturn with a total of $5.3 million in NFT sales for the nft collectible

Regarding seven-day sales, the most lucrative collections were tied to Bitcoin. The Fram NFT collection and Uncategorized Ordinals took the top two spots, surpassing others in terms of revenue. Ethereum’s Bored Ape Yacht Club (BAYC), which had previously held a prominent position, slipped to third place. Following BAYC, Ethereum’s Captainz and Cryptopunks collections secured subsequent positions.

Within the upper echelons of NFT sales this week, Bitcoin-based transactions dominated three out of the top five spots. The highest-priced NFT transaction belonged to an offering from the Bitcoin Burials collection, fetching a staggering $1.68 million. Additionally, BAYC #1,734 was sold for $1.2 million, while Cryptopunk #8,531 commanded a price slightly exceeding $1 million. The remaining two positions in this week’s top NFT transactions originated from the Bitcoin blockchain, each surpassing $400,000 in sales.

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