NFT Sales Experience a Decline While Cryptopunks and Pudgy Penguins Thrive
The global non-fungible token (NFT) market saw a significant decrease in sales this week, reflecting the overall downturn in the cryptocurrency markets. According to data from cryptoslam.io, NFT sales reached a total of $102,328,020 in the past seven days.
This decline in sales occurred despite a 74.62% increase in buyers and a 64.31% increase in sellers. Ethereum led the pack among the 21 blockchains, with $38.46 million in sales. However, ETH-based NFT sales dipped by 2.62% this week.
Polygon secured the second spot in terms of weekly sales, totaling $19.92 million, which marked a 13.24% increase. Bitcoin ranked third with $17,590,362 in sales, although BTC-centric digital collectible sales fell by 59.55% compared to the previous week.
Solana recorded sales of $14.37 million, showing a 1.69% decrease. Mythos rounded out the top five with $4.61 million in sales, experiencing a 3.61% decline. The standout collection this week was Ethereum’s Cryptopunks, which generated $4.98 million in sales, representing a 171.29% increase from the previous week.
Mythos’ Dmarket followed closely behind with $4.36 million in sales, a 2.74% decrease from last week. Ethereum’s Pudgy Penguins also saw a significant surge, with a 204.25% increase and $3,672,328 in sales.
Bored Ape Yacht Club (BAYC) claimed the fourth spot this week with $3.57 million in sales, rising by 53.92%. Bitcoin Pizza digital collectibles garnered $2.43 million, although sales fell by 88.91%.
The most expensive NFT sold this week was Cryptopunk #5,569, which fetched $204,066 three days ago. While Bitcoin NFT sales underperformed this week, Bitcoin has overtaken Ronin to become the third largest in terms of all-time sales.
To date, Bitcoin has achieved $4.3 billion in NFT sales, a significant milestone but still considerably less than the $43.88 billion sold via Ethereum. In order to surpass Solana, which has the second highest NFT sales, Bitcoin would need approximately $1.3 billion more in sales.
What are your thoughts on the NFT sales this week? Let us know in the comments section below.
