NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%).
Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped
Over the past week, the digital collectible market struggled, bringing in $77.46 million, reflecting an 8.78% decline. Ethereum-based NFTs claimed the top spot with $27 million, marking a 4.95% increase. Bitcoin NFTs followed with $16.78 million in sales, up by 29.36%, while Solana NFTs landed in third place with $11.38 million, a modest 1.95% rise.
Mythos’ Dmarket ranked as the highest-selling NFT collection, pulling in just over $5 million. Despite leading the pack, Dmarket saw a 64.26% drop from the previous week. Bitcoin Puppets took second place with $3.46 million, enjoying a 78.52% increase, and in third place, Immutable X’s Guild of Guardians collected $2.94 million, down over 6%.
The priciest NFT sale of the week was Bored Ape Yacht Club (BAYC) #7940, which fetched $1.43 million just 24 hours ago. Coming in second, an Axie Infinity from the Ronin blockchain sold for $90,107, while an Ordinal Maxi Biz digital collectible secured the third spot at $83,627.
While certain collections and blockchains saw gains, the overall drop in NFT sales signals a changing landscape for digital collectibles. The sharp decline in both buyers and sellers underlines that although interest in specific projects remains, the broader market faces challenges in keeping momentum as trends shift across various platforms.
What do you think about the NFT sales this week? Share your thoughts and opinions about this subject in the comments section below.
