NFT Sales Dip 14%, Yet Buyers Increase: Weekly Report Reveals $91 Million Traded

According to the latest statistics, income of non-fungible tokens (NFTs) person taken a 14% dip compared to the preceding week, tallying up to $91.86 cardinal successful the past 7 days. Interestingly, the number of purchasers roseate by 38%; however, NFT transactions witnessed a diminution of implicit 30% during this week.

NFT Transactions Dip Over 30% Amid 14% Sales Decrease

From Sunday, August 20, to Sunday, August 27, 2023, the travel of non-fungible token income led to a full of $91.86 million exchanging hands passim the week. However, determination was a gaffe successful sales, marking a 14.06% diminution from the erstwhile week. Among these figures, Ethereum sales, though 13.87% little this week, maintained a lion’s share, contributing $56.35 cardinal to the wide full of $91.86 million. Solana secured the 2nd spot successful blockchain sales, amassing a sum of $8,592,656 implicit the people of the past 7 days.

Nevertheless, Solana income faced an 8.95% driblet compared to past week’s SOL-based NFT sales. The income leaderboard showcased Ethereum and Solana astatine the forefront, followed by Polygon, Mythos, Immutable X, BNB, and Bitcoin. Bitcoin’s presumption remained accordant successful seventh spot for 3 consecutive weeks, having slipped from its erstwhile 2nd position. BTC-centric NFTs garnered $2,130,582 this week, yet these numbers were 22.05% little than the erstwhile week’s records. Among the apical 10 blockchains, Cardano and Arbitrum were the sole gainers successful presumption of percent maturation this week.

Shifting the absorption to the astir salient collections implicit the past 7 days, the Bored Ape Yacht Club (BAYC) emerged arsenic the frontrunner, securing $10.18 million. Despite facing turbulent times successful caller weeks, resulting successful a important alteration successful the collection’s level value, BAYC NFT income defied the likelihood by surging 99% higher than the erstwhile week. Following intimately down BAYC were Dmarket, Sorare, Draftkings, Cross the Ages, and Mutant Ape Yacht Club, successful that order. Notably, Cross the Ages experienced an astonishing 1,025.50% surge successful income compared to the erstwhile week.

Topping the database of notable NFT income this week was BAYC #7485, which fetched $175,923 simply 15 hours ago. A adjacent 2nd was an NFT named “Crown,” which changed hands six days anterior for $168,187. The 3rd and 4th spots were claimed by 2 BAYC NFTs, portion the 5th presumption was secured by a Cryptopunks NFT that commanded a terms of $128,371. Interestingly, a important bulk of the apical 20 NFT income this week hailed from the Cryptopunks NFT collection.

What bash you deliberation astir this week’s NFT income data? Share your thoughts and opinions astir this taxable successful the comments conception below.