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

According to the most recent statistics, gross sales of non-fungible tokens (NFTs) have taken a 14% dip in comparison with the previous week, tallying as much as $91.86 million up to now seven days. Interestingly, the rely of purchasers rose by 38%; nevertheless, NFT transactions witnessed a decline of over 30% throughout this week.

NFT Transactions Dip Over 30% Amid 14% Sales Decrease

From Sunday, August 20, to Sunday, August 27, 2023, the journey of non-fungible token gross sales led to a complete of $91.86 million exchanging arms all through the week. However, there was a slip in gross sales, marking a 14.06% decline from the earlier week. Among these figures, Ethereum gross sales, although 13.87% decrease this week, maintained a lion’s share, contributing $56.35 million to the general whole of $91.86 million. Solana secured the second spot in blockchain gross sales, amassing a sum of $8,592,656 over the course of the previous seven days.

Nevertheless, Solana gross sales confronted an 8.95% drop in comparison with final week’s SOL-based NFT gross sales. The gross sales leaderboard showcased Ethereum and Solana on the forefront, adopted by Polygon, Mythos, Immutable X, BNB, and Bitcoin. Bitcoin’s place remained constant in seventh place for 3 consecutive weeks, having slipped from its former second place. BTC-centric NFTs garnered $2,130,582 this week, but these numbers have been 22.05% decrease than the earlier week’s data. Among the highest ten blockchains, Cardano and Arbitrum have been the only real gainers by way of proportion development this week.

Shifting the main focus to essentially the most distinguished collections over the previous seven days, the Bored Ape Yacht Club (BAYC) emerged because the frontrunner, securing $10.18 million. Despite facing turbulent times in current weeks, leading to a big lower within the assortment’s ground worth, BAYC NFT gross sales defied the chances by surging 99% greater than the earlier week. Following carefully behind BAYC have been Dmarket, Sorare, Draftkings, Cross the Ages, and Mutant Ape Yacht Club, in that order. Notably, Cross the Ages skilled an astonishing 1,025.50% surge in gross sales in comparison with the earlier week.

Topping the checklist of notable NFT gross sales this week was BAYC #7485, which fetched $175,923 merely 15 hours in the past. A detailed second was an NFT named “Crown,” which modified arms six days prior for $168,187. The third and fourth spots have been claimed by two BAYC NFTs, whereas the fifth place was secured by a Cryptopunks NFT that commanded a worth of $128,371. Interestingly, a big majority of the highest 20 NFT gross sales this week hailed from the Cryptopunks NFT assortment.

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