Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility – Markets and Prices Bitcoin News
In the midst of a turbulent week for the cryptocurrency market, non-fungible token (NFT) sales showed resilience, seeing a 7.74% increase in weekly sales, totaling $181.82 million. The data also reveals that there has been a 41% increase in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week.
Despite the decline in the cryptocurrency market, NFT sales increased by about 8%
Of the total sales this week, Ethereum (ETHBlockchain contributed a large portion, $124.7 million, while $22.66 million came from Solana (SOL) Blockchain. While ETH-based NFT sales saw a slight decline of 1.75%, SOL-based NFT sales swelled by 88.19%, according to cryptoslam.io benchmarks. It includes the top five chains with the highest NFT sales over the past seven days ETHsol, matic, BNBand constant X.
Bored Ape Yacht Club (BAYC) emerged as the best performing NFT pool this week, with sales of $16.38 million. BAYC sales are up 64.07% over the past seven days, leading the top eight NFT pools for the week. Mad Lads ($8.4 million), Azuki ($7.5 million), Mutant Ape Yacht Club ($4.97 million), and Captainz ($4.84 million) followed closely in terms of sales, with Blocklords Banners ($3.8 million), The Heist NFT compilation ($4.5M) and Trump’s Digital Trading Cards (Series 2) ($3.33M) complete the list.
The highest selling single NFT this week was Cryptopunk #2,356, which brought in $380,483 five days ago, followed by Azuki #6954, which sold for $358,249 four days ago. Autoglyphs #145 had the third highest sale, selling for $286,709, followed by Azuki #5,523, which sold for $253,464. Vethena #9,130 is in fifth place, selling for $223,161 three days earlier.
According to statistics from nftpricefloor.comCryptopunk groups continue to dominate the NFT market, with the highest floor value followed by Bored Ape Yacht Club. The Yacht Club mutant monkey, Azuki, and others follow closely behind. Notable NFT groups that have seen a double-digit floor rally include BAYC, MAYC, Autoglyphs, and Captainz.
What do you think the future holds for non-fungible tokens? Will they continue to thrive amid the volatility of the cryptocurrency market or will they face challenges in the near future? Share your thoughts on this topic in the comments section below.
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