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NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible Sector 


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NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible Sector 

Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $341.37 million since August 24.

NFT Sales Still Can’t Escape Crypto Winter’s Wrath

This September, over the last seven days, NFT sales touched $78.88 million, marking a 3.2% dip from the preceding week, according to cryptoslam.io stats. 2023 has seen a consistent slump in digital collectible sales, and September is no exception.

NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible Sector

The monthly tally stands at $341.37 million, a sharp 34.08% decline from the previous month. Ethereum continues its dominance in NFT sales, raking in $177,743,112 over the last month.

NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible Sector

However, it’s worth noting that ETH-centric NFT sales have dropped by 41.84% since the month prior. Trailing Ethereum is the Mythos blockchain, registering $31.89 million in sales — a notable 24.86% surge from the month before. Following Mythos are Polygon, Solana, Immutable X, and Bitcoin in terms of 30-day sales.

Dmarket, Draftkings, Bored Ape Yacht Club, Gods Unchained, and Sorare top the charts in 30-day sales records. However, the latter three NFT collections faced setbacks this month, while Dmarket and Draftkings enjoyed upticks ranging between 15% and 24%.

Ethereum’s crowning NFT sale this month was a “Mega Zombie,” fetching a price of $800,044. Immutable X’s “Cross the Ages #223963” took second place, selling for $151,012. Rounding off the top three was a Bitcoin-based NFT from the “OCM Dimensions” collection, which garnered $106,708.

2023 has proven challenging for NFT investors, with prices taking a substantial hit. It’s been a chilling crypto winter, and NFTs haven’t been spared its icy grasp. The industry awaits, with bated breath, to see if NFT markets will find their spring resurgence.

What do you think about the last 30 days of NFT sales? Share your thoughts and opinions about this subject in the comments section below.

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