This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume. Seven-Day NFT Sales Dropped 5.23% Lower Than Last Week, Cryptopunk #4,181 Sells for $187K in This Week’s Top NFT Sale

Roughly $112.70 million in NFT sales volume was recorded during the last seven days, according to cryptoslam.io stats. The volume is 5.23% lower than last week’s sales volume and metrics show there was a 2.4% increase in NFT transactions. NFT sales during the last seven days according to Cryptoslam.io.

Most of the sales volume stemmed from Ethereum-based NFTs as there was $86.59 million in ETH-based NFT sales during the last seven days. However, ETH-based NFT sales are 10.06% lower than the NFT sales stemming from the Ethereum blockchain. The top five blockchains by sales volume during the past week.

Solana NFT sales saw a 29.57% increase and recorded $16.11 million in NFT sales over the past week. Algorand saw a much steeper increase at 55.15% higher than last week’s ALGO-based NFT sales, but ALGO NFTs only saw $93,242 in total sales during the last week.

Arbitrum also saw an increase this week jumping 50.10% higher than the network’s NFT sales recorded last week. Arbitrum NFT sales, however, only account for $269,453 of the total $112.70 million in NFT sales.

The fourth-largest blockchain, in terms of weekly NFT sales, was Cardano with $1,680,901 in NFT sales. Cardano NFT sales increased 8.89% higher than the blockchain’s NFT sales volume last week. This week’s most expensive NFT collectible sales as of Dec. 5, 2022, according to cryptoslam.io stats.

Immutable X captured the third-largest number of sales with $4,128,023, but sales slipped 2.73% lower than the week before. Over the last seven days, the NFT collection with the highest number of sales was Otherdeed as it captured $8,632,529 in sales across 3,990 transactions.

Otherdeed was followed by Bored Ape Yacht Club (BAYC) sales which saw $6,448,670, and Mutant Ape Yacht Club which recorded $5,872,336 in seven-day sales. The collections Clonex, Light Years Mint Pass, Sorare, Y00t, Gods Unchained, Cryptopunks, and Azuki followed respectively in terms of seven-day sales.

The most expensive NFT sold during the last week was Cryptopunk #4,181, an ETH-based NFT that sold for $187K two days ago. Cryptopunk #4,181 was followed by BAYC #276 which sold for $179K and Azuki #9,143 that sold for $174K. At the time of writing, between the Cryptopunks collection and the BAYC compilation, BAYC has the most expensive floor price value on Dec. 5, 2022. Tags in this story 7-day NFT sales, Arbitrum blockchain, Avalanche, BAYC, bnb, Bored Ape Yacht Club, Cardano, cryptopunks, cryptoslam.io, Cryptoslam.io 7 Day Sales, Ethereum, Ethereum NFTs, Fantom, Most Expensive NFTs, Mutant Ape Yacht Club, NFT sales, NFT Sales 7 Days, NFT sales action, NFTs, Non-fungible Token, Non-fungible tokens, Polygon, Sales NFTs, Weekly NFT Sales

What do you think about the last seven days of NFT sales action? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000 MARKETS AND PRICES | 6 days ago NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains MARKETS AND PRICES | 6 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, editorial photo credit: cryptoslam.io data, BAYC, Cryptopunks, Azuki Previous articleDocument Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022 Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

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