According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days.
Weekly Non-Fungible Token Sales Drop Despite Recent $23M Cryptopunk Sale
Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 being sold for 8,000 ether worth $23 million. According to today’s stats from cryptoslam.io, in the past seven days, there have been $628.2 million in NFT sales.
The 29.35% slide is due to some of NFT sales drops across the most leveraged blockchains that support NFTs. For instance, Ethereum’s weekly NFT sales volume dropped by 32.27% and Solana’s weekly sales volume dipped by 27.55%.
Ronin, however, has seen an increase in NFT sales over the past seven days, with the channel with the third highest number of NFT sales seeing a 30.62% increase. The next four largest blockchains, by NFT sales, also saw declines across the board.
Avalanche lost 6.62% in weekly NFT sales, Flow’s sales dipped by 38.84%, Wax blockchain sales dropped by 8.58%, and Polygon sales this week have slid by 37.29%. Cryptoslam.io’s data tallies up the total sales volume for 12 different blockchain networks that support NFT technology.
When it comes to the top NFT collectibles in terms of weekly sales volume, the Karafuru compilation of NFT collectibles leads the pack with $49.7 million in sales. Cryptopunks took second place last week, with around $38.6 million in NFT sales.
The NFT collection Azuki took the third position over the last seven days with $37 million in NFT sales volume. Of course, the top sale in the NFT industry this week was Cryptopunk #5822 for 8,000 ether, but the second most expensive NFT sold during the last seven days was Meebit #16728 for $3.8 million.
Statistics derived from NFT Marketplace Metrics from dappradar.com indicate that NFT Marketplace Looksrare captured the highest sales volume this week with $1.02 billion in sales volume. Despite $1 billion in sales, volume on Looksrare is down 70% in the past seven days.
Opensea’s NFT marketplace sales are down 65.77% as the NFT market has captured $317.96 million in weekly sales. Solana’s Magic Eden saw $43.5 million in sales last week, down 33.72% from the week prior.
