NFT Sales Nosedive This Week as Volume Drops Close to 30% – Markets and Prices Bitcoin News - BitcoinEthereumNews.com
According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today‘s statistics stemming from cryptoslam.io, during the last seven days, there’s been $628.2 million in NFT sales. The 29.35% slide is due to some of NFT sales drops across the most leveraged blockchains that support NFTs. For instance, Ethereum‘s weekly NFT sales volume dropped by 32.27% and Solana’s weekly sales volume dipped by 27.55%. The $628.2 million in NFT sales volume this week was across 302,040 buyers and 1.4 million transactions. Ronin, however, saw NFT sales increase during the last seven days, as the chain with the third-largest number of NFT sales saw an increase of 30.62%. The next four largest blockchains, in terms of NFT sales, also saw decreases across the board. Avalanche lost 6.62% in weekly NFT sales, Flow‘s sales dipped by 38.84%, Wax blockchain