NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales

Non-fungible token (NFT) income person dropped importantly successful opposition to the 7 days prior, arsenic NFT income are down 59.35% this week. During the past 7 days, $208.68 cardinal successful NFT income were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT postulation this past week was the Bored Ape Yacht Club (BAYC), with $16.69 cardinal successful sales, equating to 7.998% of the $208 cardinal successful income this week.

Ethereum and Solana Lead NFT Sales Among Top 20 Blockchains Amid Lower Digital Collectible Sales This Week

During the archetypal week of 2023, NFT income were up 26% compared to the last week of 2022. However, connected Sunday, Jan. 15, 2023, income were down 59.35% from the erstwhile week. Of the apical 20 blockchains that contented NFTs, Ethereum accounted for 75.33% of the income recorded betwixt Jan. 8 and Jan. 15, 2023.

NFT income from Sunday, Jan. 8, 2023, to Sunday, Jan. 15, 2023.

Solana held the second-largest presumption successful presumption of NFT sales, with 18.04% of the week’s full sales, oregon $37.66 million. Ethereum and Solana were followed by Immutable X, Binance Coin (BNB), and Cardano arsenic the apical 5 chains successful presumption of this week’s NFT income data.

The apical 5 NFT collections this week successful presumption of full income see the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Art Blocks, and Bored Ape Kennel Club. These are followed by Otherdeed, Sorare, The Captainz, Beanz, and Mutant Hound Collars.

According to data from nftpricefloor.com, the BAYC postulation had the highest level worth successful presumption of NFT level values connected Sunday, Jan. 15, 2023. BAYC was followed by Cryptopunks, MAYC, Autoglyphs, and The Sandbox, respectively. While the BAYC level worth astatine the clip of penning was 70.408 ETH, the Cryptopunks level worth connected Sunday was 66.19 ETH.

Last week’s NFT income saw an influx of trading from the Mineablepunks collection, arsenic the apical 5 astir costly NFTs sold were from that compilation. This week, statistic from cryptoslam.io amusement that the astir costly NFT sold was Cryptopunk #4,608, which sold 5 days agone for $329,000.

The second-most-expensive NFT sold during the past 7 days was Cryptopunk #6,994, which sold 3 days agone for $283,000. The apical 2 astir costly NFTs sold this week were followed by Otherdeed #89,263 and Bored Ape Yacht Club (BAYC) #7,576.

NFT collections that had amended income this week than the erstwhile week see Artblocks, which saw a 62.94% increase, Mutant Ape Yacht Club (MAYC) roseate 8.10%, Otherdeed income accrued by 11.97%, and Beanz has risen by 32.82%.

In presumption of blockchains, Binance Coin (BNB) saw a 62.20% summation successful NFT sales, Flow income were up 77.99%, Immutable X jumped 8.51%, Solana roseate 3.11%, and Ronin NFT income accrued by 84.75% implicit the past 7 days. Blockchains that saw income diminution since past week see Ethereum, Cardano, Wax, Algorand, and Cronos.

What bash you deliberation is causing the diminution successful NFT income this week, and bash you deliberation this inclination volition proceed successful the coming weeks? Share your thoughts successful the comments below.

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