NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023

Sales of non-fungible tokens (NFTs) person declined by 5.76% implicit the past 30 days, according to the latest NFT income statistics. The information reveals that the income fig stood astatine $732.13 cardinal successful April, which is $44.75 cardinal little than the $776.88 cardinal recorded successful March.

NFT Sales Decline by 5.76% successful April, Ethereum Dominates, Bored Ape Yacht Club Leads successful Collections

NFT income surpassed $1 cardinal successful some January and February 2023; however, income figures declined successful March and April. According to cryptoslam.io’s latest NFT income data for April, the income stood astatine $732.13 million, which is 5.76% little than the erstwhile month.

Out of this amount, Ethereum-based NFT income dominated the market, accounting for $485 cardinal successful trades. However, Ethereum NFT income declined by 19% successful April compared to March figures.

Meanwhile, Solana-based NFT income recorded $88.16 million, down 6.78% from past month. The apical 5 blockchains with the astir NFT income successful April, pursuing Ethereum and Solana, were Polygon, Immutable X, and BNB Chain, arsenic per the latest data.

Top 5 NFT collections successful presumption of 30-day income volume.

During the period of April, Polygon witnessed a surge successful income by 22.75%. Meanwhile, Arbitrum, the sixth-largest blockchain successful presumption of NFT sales, saw income spike by 78.35%, amounting to $10.29 million. In presumption of NFT collections, Bored Ape Yacht Club (BAYC) emerged arsenic the person with $45.10 cardinal successful sales.

Top 5 astir costly NFT income successful April.

Azuki NFTs secured the 2nd spot with $21.91 cardinal successful income implicit the past month. Nakamigos, Mutant Ape Yacht Club, and Mad Lads followed BAYC and Azuki successful presumption of NFT sales. Sandbox’s Land #21,221 emerged arsenic the top-selling NFT successful the past month, with a merchantability terms of $1.256 million, astir 20 days ago.

The 2nd astir costly NFT merchantability successful April was Maverick Position #386, which fetched $1.05 million, 16 days ago. Azuki #3,628 secured the 3rd spot connected the list, selling for $626K, 18 days ago, followed by Azuki #5172, which was acquired for $458K. The 5th astir costly NFT merchantability successful April was CryptoPunk #3,990, which sold for $444K, 24 days ago.

As of Sunday, April 30, 2023, nftpricefloor.com reports that the postulation with the highest level worth is Cryptopunks, presently lasting astatine astir 49.99 ether. Just beneath Cryptopunks is Bored Ape Yacht Club (BAYC), with a level of astir 48.69 ether. The level values of the apical collections pursuing Cryptopunks and BAYC see Mutant Ape Yacht Club, Azuki, and Otherdeed.

What bash you deliberation the aboriginal holds for the NFT market, and however bash you deliberation the diminution successful income figures successful March and April volition interaction the manufacture going forward? Share your thoughts astir this taxable successful the comments conception below.

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