While Overall NFT Transactions and Buyers Are Down, NFT Sales Jumped 2% Higher Than Last Week

NFT

During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022.

Slight growth in NFT sales, 19% drop in NFT transactions

While NFT sales are much lower than they were a few months ago, with $85,068,480 in sales volume last week according to CryptoSlam. io, NFT sales up 1.9%. The top collection that sold the most NFTs this week stemmed from Sorare as sales of the Ethereum-based project increased by $8.5 million.

Bored Ape Yacht Club (BAYC) reigned in the second position in terms of seven-day sales, raking in $6.69 million. Besides Sorare and BAYC, Gods Unchained, Azuki, and Cryptopunks hold positions in this week’s top five-selling NFT collections.

Ethereum commands the largest number of sell orders out of the 17 blockchains listed on Cryptoslam.io. The Ethereum (ETH) network recorded $64.48 million out of $85 million in total NFT sales last week. ETH-based NFT sales this week are up 10.7% compared to ETH-based NFT sales last week.

Alongside ETH, Solana, Immutable X, Flow, BNB, and Ronin command the top five positions in terms of NFT sales per blockchain. Immutable X NFT sales climbed 79.88% higher than the week prior while Solana NFT sales slipped 29.13% lower than last week.

Last week’s most expensive NFT sale was Digidaigaku #1632 – Ifrit, which sold for $262K four days ago, and the second most expensive NFT sale was V1 PUNK #6915, which sold for $236K. V1 PUNK #6915 was followed by Azuki #1582, Bored Ape #3429, and Bored Ape #8477 respectively.

Nftpricefloor.com stats show that the most expensive floor value today is from the BAYC collection followed by the Cryptopunks collection. BAYC and Cryptopunks are followed by Mutant Ape Yacht Club (MAYC), The Sandbox, and Autoglyphs respectively. At the time of writing the most inexpensive BAYC today is 71.69 ETH or $93,986.

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