After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million.
NFT sales rebound – BAYC, MAYC, Meebits lead the pack
Non-fungible token (NFT) sales volume rebounded this week after weeks of declining sales volumes. According to statistics from cryptoslam.io, across 15 different blockchain networks, seven-day sales jumped 17.86% this week. The metrics indicate that NFT’s total sales volume over the past week was $457.67 million.
The blockchain Ethereum (ETH) captured the most sales volume with $398 million of the aggregate sold during the week. Ethereum-based NFT sales have increased by 21.61% via 64,347 NFT buyers and 158,169 transactions.
Of the top ten blockchains by NFT sales volume this week, Avalanche-based NFT sales jumped 41.06%. Other notable sales increases came from Flow up 13.95% and Binance Smart Chain up 17.54% this week.
Metrics further show the top NFT collection rankings by sales volume over the last seven days placing Bored Ape Yacht Club (BAYC) at the top of the rankings. BAYC NFT sales this week jumped 301.26% commanding more than $74.5 million in ether-based sales.
BAYC’s sister NFT project Mutant Ape Yacht Club (MAYC) also saw an increase this week. MAYC NFT sales this week increased by 321.80% with a volume of $52.7 million. The third biggest collection in the past seven days by sales is Meebits, an NFT compilation which jumped 708.11% this week in sales volume.
In fact, four of the week’s most expensive NFTs sold are Meebit NFTs. The most expensive NFT sale was Meebit #19564 sold for 301.74 wrapped ethereum (WETH) or $833K.
The three aforementioned NFT collections also hold the top three bottom values today in terms of sales volume. On March 17, 2022, the floor value of the BAYC collection is 89 ethers or approximately $250,000. MAYC holds the second highest tier at 17.8 ethers or around $50,000, while Meebit’s bottom value today is 4.55 ethers ($12.7,000).
In terms of this week’s top NFT marketplaces by sales volume over the last seven days, Opensea took the top position. Opensea’s sales volume was followed by Looksrare, Bloctobay, Mobox, Atomicmarket, Magic Eden, and Nftrade.
