Following a lackluster week that saw non-fungible token (NFT) sales slip by 29.35% last week, the last seven days of NFT sales have dropped further losing more than 7%. Out of 12 different NFT-supporting blockchains, Solana was the only gainer, in terms of NFT sales during the past week.
NFT Sales Slip Lower Following Last Week’s Lackluster Market Action
While cryptocurrency markets have faced extreme volatility during the last two weeks, NFT sales, in general, have felt the wrath of the storm. On February 16, Bitcoin.com News reported on sales sliding by 29.35% and nine days later, NFT sales are more than 7% lower than the week prior.
Seven-day NFT statistics from this report stem from cryptoslam.io’s and dappradar.com’s recorded metrics. Over the last week, there’s been $546 million in NFT sales volume, which is down 7.71% from last week’s NFT sales. Metrics indicate that 307,508 NFT buyers transacted across 1,540,140 transactions.
Ethereum captured a great majority of last week’s NFT sales with $474.8 million, but that’s roughly 3.51% less than the week before. Out of the top 12 NFT blockchain platforms, Solana saw the only NFT sales increase out of the bunch, jumping 3.03% higher over the past week.
The biggest losers this past week include Binance Smart Chain down 76.68%, and Avalanche down 54.56% in terms of weekly NFT sales. The collection with the most sales this week according to cryptoslam.io, is 3landers with $40,828,994 in sales. 3landers’ NFT sales were followed by Tubby Cats ($35.9M), Invisible Friends ($32M), Mfer ($23.7M), and Bored Ape Yacht Club (BAYC) with $23,688,179 in weekly sales.
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The biggest sale during the last seven
