NFT Sales Decline to $77.6M as Bitcoin Network Surges

The NFT market has experienced a decline in sales volume, dropping 4.16% over the past week. Current sales stand at $77.6 million, reflecting a decrease compared to previous weeks.

Sales Volume and Buyer Participation

• The number of NFT buyers fell significantly by 66.81%, from 794,763 to 263,804.
• NFT sellers also dropped to 121,399, marking a 67.87% decrease.
• Overall NFT transactions decreased by over 13.78%, totaling 1,662,101.

Bitcoin Outshines Other Blockchains

In terms of blockchain performance, Bitcoin led with a remarkable 23.11% surge in sales volume, reaching $15.6 million. Ethereum remains the top blockchain with $26.5 million in NFT sales, although $2.7 million of this was attributed to wash trading.

• Ethereum buyers decreased by 52%, totaling 26,673.
• Solana ranked third with $10.5 million in sales, while Mythos Chain, Polygon, and Binance Coin followed with $8.3 million, $5.3 million, and $3.2 million, respectively.

Top NFT Collections of the Week

DMarket retained its position as the leading NFT collection with sales of $8.02 million across over 342,900 transactions. Other notable collections include:

• Guild of Guardians Heroes with $3.02 million in sales.
• Bitcoin Puppets, which saw a 59.2% increase in sales to $2.97 million, surpassing CryptoPunks.

Noteworthy NFT Sales

Some of the highest NFT sales from the past week include:

• Bored Ape Yacht Club #7940 sold for $1,433,582 (588 ETH).
• Axie Infinity for $79,729 (32.6 ETH).
• Known Origin #33608 for $73,160 (30 WETH).
• CryptoPunks #7476 for $70,728 (28.99 ETH).
• CryptoPunks #3654 for $69,672 (28.5 ETH).