NFT Sales Slide 9.91% Continuing a 6-Week Downtrend Despite Rising Crypto Prices

1 year ago
NFT Sales Slide 9.91% Continuing a 6-Week Downtrend Despite Rising Crypto Prices

Sales of non-fungible tokens (NFTs) person slid erstwhile much this week, dipping to 9.91% beneath the preceding week’s figures. Data reveals that successful the span from September 24 to October 1, 2023, astir $72,767,450 worthy of NFT income person been logged, marking the latest seven-day stretch.

NFT Sales Continue to Slide

While the crypto system has risen implicit the past 7 days, NFT income person dropped erstwhile again for the sixth week successful a row. With $72.76 cardinal successful NFT sales, the week’s aggregate is 9.91% lower than the week prior. The fig of NFT buyers, however, has risen 17.77% to 569,407 buyers. The fig of NFT sellers is besides up 15.82% to 714,889 of them implicit the past week.

NFT Sales Slide 9.91% Continuing a 6-Week Downtrend Despite Rising Crypto Prices

In the realm of NFT income crossed blockchains, Ethereum emerged arsenic the frontrunner among 22 networks, boasting $37.27 cardinal successful sales. This signifies that a important 51.22% of the week’s NFT commerce originated from the Ethereum blockchain. Albeit leading, ETH-centered NFT income experienced a flimsy descent, registering a humble 1.16% dip compared to the erstwhile week.

Following successful stride, Mythos NFT income secured the 2nd spot by garnering $7.83 cardinal successful sales, an uplifting surge of 13.12% since past week. Polygon clinched the 3rd presumption successful NFT income this week, amassing $7.12 million, portion Solana secured the 4th spot with a coagulated $5.86 million. From September 24 to October 1, Immutable X nestled into the 5th position, accruing $5.47 cardinal successful sales.

This week, the crown for the apical NFT postulation was claimed by the Mythos-based Dmarket, with its $7.76 cardinal successful sales. Hot connected its heels, the 2nd spot was nabbed by the Immutable X-housed compilation, Gods Unchained, generating a chill $5.22 million. Following the pb of the apical 2 contenders successful the seven-day income contention were Draftkings, Bored Ape Yacht Club (BAYC), and Sorare.

The spotlight of this week’s astir lavish NFT acquisition shone connected BAYC #591, which fetched $177,710 conscionable 5 days agone connected Opensea’s marketplace. Over connected the Bitcoin blockchain, an NFT dubbed Ordinal Maxi Biz commanded $44,217 connected Magic Eden’s NFT market. Hot connected their trails was Solana’s Boogle #066, fetching $40,503, followed by BNB’s Starcraft Planets which garnered $32,544, and Cardano’s Earth Node #268 closing the high-value merchantability contention astatine $32,100.

What bash you deliberation astir the past 7 days of NFT sales? Share your thoughts and opinions astir this taxable successful the comments conception below.

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