Skip to main content

NFT Sales Volume Slips 8% Lower Than Last Week — Moonbirds, Electricsheep, Moonbirds Oddities Lead in Sales

During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities have spiked between 90% to more than 16,000%.

NFT Sales Down 8% as Ethereum-Based NFTs Command 83% of This Week’s $159 Million in Sales Volume

  • Data from the last seven days indicates that $159.24 million in NFT sales have been recorded, which is 8.11% lower than the week prior’s $173.29 million in sales. $133.45 million or 83% of the aggregate NFT sales settled this week derived from Ethereum-based NFTs.
  • The remaining sales stemmed from 17 different blockchain networks. While Ethereum captured the lion’s share, NFT sales stemming from the ETH chain are down 8.16% this week. The blockchain that has seen notable seven-day gains is the Palm network up 60.50%, and the Flow blockchain which is up 40.12%.
  • Besides Flow and Palm, the blockchain networks Fantom, Arbitrum, and Cronos also saw NFT sales gains during the last seven days. The biggest loser in terms of NFT sales this past week is Waves, as the chain’s NFT sales are down 61.44% lower than the week prior.
  • Most of the NFT sales this week stemmed from the Bored Ape Yacht Club (BAYC) NFT collection, but BAYC sales are down 5.06% this week. BAYC is followed by the compilation Potatoz, Sorare Football, Otherdeed, and Moonbird Oddities.
  • Moonbird Oddities saw a significant 266.10% seven-day gain in terms of weekly sales, but the NFT collection Electricsheep jumped a whopping 16,591.74% this week. The interest in Moonbird Oddities this week also fueled the original Moonbirds collection sales, which are up 92.27% higher than the week before.
  • The most expensive NFT sale this week was Bored Ape Yacht Club #5,555 after it sold for 270 ether or $427K six days ago. BAYC #5,555 was followed by Cryptopunk #9,650, which sold for 169 ether or $264K six days ago as well. The two most expensive NFT sales were followed by Otherdeed #89,944, BAYC #6,775, and BAYC #4,814 respectively.
  • The NFT marketplaces with the most sales this week stem from Opensea, X2Y2, Magic Eden, and Looksrare, according to Tuesday’s dappradar.com stats. Opensea is nearing $32 billion in all-time sales globally with $31.51 billion, and Looksrare’s market follows behind Opensea in all-time sales records with $1.57 billion.

What do you think about this week’s NFT sales action? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/Wn4GT0u
Labels:

Comments

Post a Comment

Popular posts from this blog

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

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more