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

by ChainChirp
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Gross sales of non-fungible tokens (NFTs) have slid as soon as extra this week, dipping to 9.91% beneath the previous week’s figures. Information reveals that within the span from September 24 to October 1, 2023, round $72,767,450 price of NFT gross sales have been logged, marking the most recent seven-day stretch.

NFT Gross sales Proceed to Slide

Whereas the crypto financial system has risen over the previous seven days, NFT gross sales have dropped as soon as once more for the sixth week in a row. With $72.76 million in NFT gross sales, the week’s mixture is 9.91% decrease than the week prior. The variety of NFT patrons, nonetheless, has risen 17.77% to 569,407 patrons. The variety of NFT sellers can also be up 15.82% to 714,889 of them over the previous week.

Within the realm of NFT gross sales throughout blockchains, Ethereum emerged because the frontrunner amongst 22 networks, boasting $37.27 million in gross sales. This signifies {that a} substantial 51.22% of the week’s NFT commerce originated from the Ethereum blockchain. Albeit main, ETH-centered NFT gross sales skilled a slight descent, registering a modest 1.16% dip in comparison with the earlier week.

Following in stride, Mythos NFT gross sales secured the second spot by garnering $7.83 million in gross sales, an uplifting surge of 13.12% since final week. Polygon clinched the third place in NFT gross sales this week, amassing $7.12 million, whereas Solana secured the fourth spot with a strong $5.86 million. From September 24 to October 1, Immutable X nestled into the fifth place, accruing $5.47 million in gross sales.

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This week, the crown for the highest NFT assortment was claimed by the Mythos-based Dmarket, with its $7.76 million in gross sales. Scorching on its heels, the second spot was nabbed by the Immutable X-housed compilation, Gods Unchained, producing a cool $5.22 million. Following the lead of the highest two contenders within the seven-day gross sales race have been Draftkings, Bored Ape Yacht Membership (BAYC), and Sorare.

The highlight of this week’s most lavish NFT buy shone on BAYC #591, which fetched $177,710 simply 5 days in the past on Opensea’s market. Over on the Bitcoin blockchain, an NFT dubbed Ordinal Maxi Biz commanded $44,217 on Magic Eden’s NFT market. Scorching on their trails was Solana’s Boogle #066, fetching $40,503, adopted by BNB’s Starcraft Planets which garnered $32,544, and Cardano’s Earth Node #268 closing the high-value sale race at $32,100.

What do you consider the final seven days of NFT gross sales? Share your ideas and opinions about this topic within the feedback part beneath.

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