By the end of the third week of January 2023, non-fungible token (NFT) assets recorded a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action last week, an increase of 43.48% from the previous week. $256.69 million in NFT sales were recorded in the last seven days, including $206.06 million of Ethereum-based NFTs.
Ethereum Dominates NFT Market as Blockchains Theta, Fantom, Palm and Wax See Biggest Gains in NFT Sales
Digital ownership continues in 2023 with $256.69 million in non-fungible token (NFT) sales in the past seven days, according to statistics from cryptoslam.io. This represents a 16.39% increase over the previous week’s NFT sales and includes 1,355,376 NFT transactions. A total of 320,580 buyers participated in market activity, an increase of 43.48% from the previous week.
Out of 20 unique blockchain networks, Ethereum (ETH) dominated, with $206.06 million of last week’s sales coming from the ETH chain. Sales of ETH-based NFTs increased by 24.78% over the past week. The second blockchain in terms of NFT sales this week is Solana (SOL), which saw $36,378,730 in NFT sales. However, Solana NFT sales were down 10.44% from the previous week.
The blockchains that saw the largest seven-day gains in NFT sales were Theta, up 239%; Fantom, up 144%; Palm, up 97%; and Wax, up 73% this week. Top selling crypto collections this week included Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki, and Otherdeed.
The three most expensive NFT sales this week include Bored Ape Yacht Club #4,025, which sold seven days ago for $613,000; Cryptopunk #7674, which sold for $451,000 five days ago; and Cryptopunk #7641, which sold for around $418,000 three days ago. As of 10 a.m. EST on Sunday, January 22, 2023, Cryptopunks had the highest low at 66.69. ETHwhile BAYC’s floor was just below at 66.247 ETHaccording to Data from nftpricefloor.com.
What do you think of the increase in non-fungible token sales this week? Let us know what you think about this topic in the comments section below.
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