NFTs

NFT sales drop, Bitcoin takes a hit but dominates market share

Published

3 months ago

12 May, 2024

NFT sales dip by 11.16%, Bitcoin takes hit despite dominating market share

Sales of non-fungible tokens (NFTs) took a hit last week, dropping 11.16% from the previous week.

Data from cryptoslam.io show that total sales this week reached $144.33 million, with Bitcoin-based NFTs contributing more than $49 million to that total. However, despite the impressive numbers, sales of digital collectibles in Bitcoin (Bitcoin) fell 14.65%.

NFTs on Ethereum (ETH) generated $41.55 million in sales, also an 11.7% drop from the previous week. Solana (SUN) NFTs, which rank third in sales, made nearly $26 million, experiencing a modest 5.73% increase this week.

By cryptoslam, the Polygon (MATIC) network recorded the fourth largest NFT sales volume in the previous seven days, raising US$9.66 million.

However, the number represented a 14.2% drop compared to what NFT traders on the blockchain had sold at the same point a week ago.

Summarizing the top five blockchains by sales volume was immutable (IMX), which recorded a respectable $6.49 million in sales.

The value represented an increase of more than 8%, making Immutable the only other chain in the top five whose sales volume improved over the period.

Top 5 Blockchains by Weekly NFT Sales Volume | Source: cryptoslam.io

NFT Collections

This week’s top seller was Uncategorized Ordinals from the Bitcoin blockchain, bringing in $22.9 million in sales. Collectibles sales were down nearly 30% from the previous week.

Mythos’ Dmarket collection came in second place, grossing $5.817 million, which marked a drop of 17.24%.

On the other hand, the Nodemonkes collection on the Bitcoin blockchain saw a 10.56% increase in sales, reaching $4.77 million in 246 transactions.

Other notable collections this week included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business. The Mad Lads collection, hosted on Solana, saw the biggest improvement in terms of sales volume, with $4.5 million changing hands representing a 130% increase over last week.

NFT sales fall 11.16%, Bitcoin takes a hit despite dominating market share - 2

Top 5 NFT Collections by Weekly Sales Volume | Source: cryptoslam.io

Among individual NFTs, the most significant and expensive sale during the week was Cryptopunk #3619, which raised $627,991.

Additionally, Solana’s Boogle #064 changed ownership for $192,124, while BTC network’s Mushroom #95 gained $135,096.

The consistent decline in sales week over week indicates cautious sentiment among collectors.

According to data from Cryptoslam, there were just over 145,000 active buyers in the market during the week – an 86% drop from the previous week.

Fuente

NFTs

Non-Fungible Items; Picking Up Where NFTs Left Off — COZ Co-Founder Tyler Adams – Op-Ed Bitcoin News

Published

59 mins ago

27 July, 2024

TokenTalk Staff

https://news.google.com/./articles/CBMiZmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ub24tZnVuZ2libGUtaXRlbXMtcGlja2luZy11cC13aGVyZS1uZnRzLWxlZnQtb2ZmLWNvei1jby1mb3VuZGVy LXR5b GVyLWFkYW1zL9IBAA?hl=en-US&gl=US&ceid=US%3Aen

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NFTs

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Published

2 hours ago

27 July, 2024

TokenTalk Staff

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NFTs

AI-Powered Discovery Network for NFTs Launches $PULSR Token – Press Release Bitcoin News

Published

3 hours ago

27 July, 2024

TokenTalk Staff

https://news.google.com/./articles/CBMiVGh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9haS1wb3dlcmVkLWRpc2NvdmVyeS1uZXR3b3JrLWZvci1uZnRzLWxhdW5jaGVzLXB1bHNyLXRva2VuL9IBAA?hl= en -US&gl=US&ceid=US%3Aen

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NFTs

Solana Monkey Business Leads NFT Sales with $875,91K

Published

5 hours ago

26 July, 2024

TokenTalk Staff

Solana Monkey Business Leads NFT Sales with $875,91K

Floptober NFT from above

Image: AI-generated via Midjourney

Solana Monkey Business topped CryptoSlam’s non-fungible token (NFT) sales charts on July 22 with $875,914 in total sales.

The collection had 122 unique buyers, equaling the number of sellers, and an average price of $5,308 per NFT.

This increase in daily sales boosted the SMB’s all-time sales volume to a new record of $212.48 million.

The Solana-based ape-themed collection entered the list of the top 30 NFT sellers of all time over the weekend, knocking SATS BRC-20 NFTs off the rankings.

The second best performing collection of the day was gETH Locked Deposit.

This NFT, which represents gETH locked on the Ethereum layer-2 network Arbitrum, saw a daily sales volume of $583,047 from just one transfer.

The asset was brother-in-law just moments before the transfer is made.

In third place, DMarket’s NFTs and in-game virtual items on the Mythos Network saw a total of $565,002 in sales.

The collection attracted 3,254 unique buyers and 2,848 sellers, with an average price of $24.66 per item. Active DMarket owners stood at 5,111, contributing to a total owner count of 397,931.

Outside of the top three, Ethereum’s DogeZuki Collection came in fourth place with $436,787. Bored Ape Yacht Club, another Ethereum collection, had total sales of $341,576 for fifth place.

While a Solana collection led the day’s results, the network’s total NFT sales for the day were slightly outpaced by Ethereum.

Ethereum led all blockchains in sales on Monday with $4.2 million, with Solana close behind at $4.1 million.

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