While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%.
NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased
This past week, NFT sales were rather lackluster, dropping 4.3% compared to the previous week. Total sales reached $90,678,150, with Ethereum-based NFTs leading the charge at $32,195,968, although this figure represents an 8.26% decline, according to cryptoslam.io data.
Solana claimed the second spot with $19.4 million in sales, marking a 6.39% increase from the previous week. Bitcoin rounded out the top three, posting $13.7 million in sales, a gain of 12.39%.
The week’s top collection was Ethereum’s Cryptopunks, raking in $5.43 million, although sales were down by 29.01% compared to last week. Solana’s Monkey NFTs snagged $3.36 million, taking second place and climbing 52.16% in sales this week.
The third most active NFT collection was Immutable X’s Guild of Guardians (GoG), which managed $3.31 million in sales over the last seven days, a 6.62% increase from the previous week.
The priciest NFT of the week was Bored Ape Yacht Club #7,398, which fetched $325,387 just a day ago. Close behind was an Arbitrum GUSDC Locked Deposit, selling for $184,956 five days ago, followed by a Bitcoin-based Ordinal Maxi Biz NFT, which went for $82,819 yesterday.
This week’s NFT market activity paints a picture of a dynamic and evolving landscape, where despite some sales slipping, interest from buyers and sellers remains vibrant. The varied performance across different platforms and collections hints at a market still finding its footing.