Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped 47.83%.
Weekly NFT Sales Drop, Axie Infinity’s Ronin Sales Drop Over 47%
Statistics for the last seven days show that NFT sales are down on all 12 blockchains that produce NFTs. Cryptoslam.io shows that weekly NFT sales fell by 13% and NFT sales from leading blockchain network Ethereum fell by 11.78%. The second blockchain in terms of NFT sales, Solana, saw its sales drop by 16.87% in the last seven days. The third largest blockchain network for NFT sales, Ronin, lost 47.83% this week and Flow blockchain NFT sales increased by 10.18%.
24-hour NFT marketplace metrics from dappradar.com indicate that the NFT market Looksrare is dominating with $645.81 million in sales, and Opensea has processed $157.34 million this past week. Solana’s Magic Eden NFT marketplace saw just over $10 million in NFT sales volume. The most expensive NFT sale during the last seven days was Meebit #10067 when it sold for 11,880 ethereum or $29.05 million. While the Meebits collection was the top NFT compilation in terms of sales for the last two weeks, that’s not the case this week.
Azuki NFT Compilation Wins Top Sellers This Week, Cryptopunk Sales Increase 197%
Over the past seven days, Ethereum-based NFT Compilation Azuki has been the top seller of the week. Azuki captured $76.4 million in the past seven days in NFT sales, and Bored Ape Yacht Club (BAYC) took second place with $58.6 million in sales. Cryptopunks held the third position this week with $54.6 million. Azuki’s weekly sales jumped 1.23%, BAYC recorded a 25.99% increase, and Cryptopunks’ sales soared 197.56% in the past seven days.
BAYC’s sister project, Mutant Ape Yacht Club (MAYC), saw $41.9 million up 21.46% this past week and Clonex commanded $39.1 million in NFT sales. Sales stemming from the blockchain network Binance Smart Chain (BSC) jumped 206% over the last seven days. Besides Meebit #10067, the NFT dotdotdot 4646 sold for over 5,000 ether or $13.35 million nine hours ago, and Cryptopunk #3783 sold for $1.12 million or 450 ether.
