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


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

According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during 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 sales led to a total of $91.86 million exchanging hands throughout the week. However, there was a slip in sales, marking a 14.06% decline from the previous week. Among these figures, Ethereum sales, though 13.87% lower this week, maintained a lion’s share, contributing $56.35 million to the overall total of $91.86 million. Solana secured the second spot in blockchain sales, amassing a sum of $8,592,656 over the course of the past seven days.

Nevertheless, Solana sales faced an 8.95% drop compared to last week’s SOL-based NFT sales. The sales leaderboard showcased Ethereum and Solana at the forefront, followed by Polygon, Mythos, Immutable X, BNB, and Bitcoin. Bitcoin’s position remained consistent in seventh place for three consecutive weeks, having slipped from its former second position. BTC-centric NFTs garnered $2,130,582 this week, yet these numbers were 22.05% lower than the previous week’s records. Among the top ten blockchains, Cardano and Arbitrum were the sole gainers in terms of percentage growth this week.

Shifting the focus to the most prominent collections over the past seven days, the Bored Ape Yacht Club (BAYC) emerged as the frontrunner, securing $10.18 million. Despite facing turbulent times in recent weeks, resulting in a significant decrease in the collection’s floor value, BAYC NFT sales defied the odds by surging 99% higher than the previous week. Following closely behind BAYC were Dmarket, Sorare, Draftkings, Cross the Ages, and Mutant Ape Yacht Club, in that order. Notably, Cross the Ages experienced an astonishing 1,025.50% surge in sales compared to the previous week.

Topping the list of notable NFT sales this week was BAYC #7485, which fetched $175,923 merely 15 hours ago. A close second was an NFT named “Crown,” which changed hands six days prior for $168,187. The third and fourth spots were claimed by two BAYC NFTs, while the fifth position was secured by a Cryptopunks NFT that commanded a price of $128,371. Interestingly, a significant majority of the top 20 NFT sales this week hailed from the Cryptopunks NFT collection.

What do you think about this week’s NFT sales data? Share your thoughts and opinions about this subject in the comments section below.

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