Skip to main content

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped 47.83%.

Weekly NFT Sales Slide Lower, Axie Infinity’s Ronin Sales Shed More Than 47%

Statistics over the last seven days show that NFT sales are down across the 12 blockchains that produce NFTs. Cryptoslam.io shows that weekly NFT sales dipped 13% and the leading blockchain network Ethereum’s NFT sales slipped 11.78%. The second-leading blockchain in terms of NFT sales, Solana, saw its sales decrease by 16.87% during the last seven days. The third-largest blockchain network for NFT sales, Ronin, shed 47.83% this week and Flow blockchain NFT sales increased by 10.18%.

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

24-hour NFT marketplace metrics from dappradar.com indicate that the NFT market Looksrare is dominating with $645.81 million in sales, and Opensea has processed $157.34 million this past week. Solana’s Magic Eden NFT marketplace saw just over $10 million in NFT sales volume. The most expensive NFT sale during the last seven days was Meebit #10067 when it sold for 11,880 ethereum or $29.05 million. While the Meebits collection was the top NFT compilation in terms of sales for the last two weeks, that’s not the case this week.

Azuki NFT Compilation Takes Top Sales This Week, Cryptopunks Sales Spike 197%

Over the last seven days, the Ethereum-based NFT compilation Azuki took the week’s top sales. Azuki captured $76.4 million in the last seven days in terms of NFT sales, and Bored Ape Yacht Club (BAYC) took the second position with $58.6 million in sales. Cryptopunks held the third position this week with $54.6 million. Azuki’s weekly sales jumped 1.23%, BAYC saw a 25.99% increase, and Cryptopunks sales spiked 197.56% over the last seven days.

BAYC’s sister project, Mutant Ape Yacht Club (MAYC), saw $41.9 million up 21.46% this past week and Clonex commanded $39.1 million in NFT sales. Sales stemming from the blockchain network Binance Smart Chain (BSC) jumped 206% over the last seven days. Besides Meebit #10067, the NFT dotdotdot 4646 sold for over 5,000 ether or $13.35 million nine hours ago, and Cryptopunk #3783 sold for $1.12 million or 450 ether.

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



from Bitcoin News https://ift.tt/exNGvapRF
Labels:

Comments

Post a Comment

Popular posts from this blog

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more