Fourth Consecutive Week of Decline: NFT Sales Dip 6.75% 

Non-fungible token (NFT) gross sales took yet one more dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a lower of 6.75%. From September 2, 2023, to September 9, the overall gross sales for this week amounted to roughly $80.69 million, with a notable chunk of $42.61 million originating from the Ethereum blockchain.

NFT Sales Drop 6.75% in Weekly Decline

NFT gross sales took a 6.75% dip this week, as reported by data from cryptoslam.io. Over the previous seven days, NFT transactions additionally slid by 4.33%. Despite this decline in gross sales, the variety of NFT consumers surged to 569,407, marking a 17.77% improve in comparison with the previous week.

Presently, Ethereum leads the pack amongst 22 totally different blockchain networks, accounting for $42.61 million in NFT gross sales, which represents 52.80% of the market share. Following Ethereum, we discover Mythos, Polygon, Solana, and Immutable X, finishing the highest 5 blockchains by way of NFT gross sales.

Although ETH-based NFT gross sales have been on the forefront, they nonetheless skilled a 12.11% lower, whereas Mythos gross sales soared by 25.27% in comparison with the earlier week. Polygon witnessed a 7.21% improve in gross sales, whereas Solana NFT gross sales dipped by 5.58% throughout the identical interval. Immutable X, then again, confronted the steepest decline, with gross sales dropping by 17.52% from the earlier week’s figures.

Among the 22 blockchains, Cronos emerged because the standout performer with a notable 24.22% improve in gross sales for the week. Mythos’ Dmarket emerged because the undisputed community chief within the NFT realm over the previous seven days, clocking in $8.15 million in gross sales.

Following carefully behind, the Bored Ape Yacht Club (BAYC) secured the second spot among the many week’s prime collections, boasting $5 million in gross sales. Dmarket and BAYC have been shadowed by the likes of Draftkings, Gods Unchained, and the Mutant Ape Yacht Club (MAYC), forming the lineup of the highest 5 NFT collections.

The crown for essentially the most invaluable digital collectible bought this week went to Fidenza #562, which commanded a $122,000 price ticket. A detailed contender within the race for the priciest NFT was Cryptopunk #3028, altering palms for a considerable $111K, securing the second spot. Right on its heels, Cryptopunk #3438 earned its place because the third top-selling non-fungible token asset, fetching $105,000.

The fourth place was clinched by Cryptopunk #4233, buying and selling at $102,000, whereas Cryptopunk #7542 rounded off the highest 5, sealing the deal at $97,000. It’s value noting that the Cryptopunk assortment’s NFT gross sales commanded a dominant presence on this week’s prime ten gross sales charts.

What do you consider this week’s NFT gross sales development and the prior three weeks as properly? Do you see a rebound coming for NFT gross sales? Let us know your ideas and opinions about this topic within the feedback part under.