NFTs sold in the last seven days were worth over $2.5 billion

Despite the existent sentiments astir the crypto industry, the non-fungible token abstraction has continued its awesome tally this year.

The NFT abstraction recorded implicit $2.5 cardinal worthy of income wrong the erstwhile week. This represents a 161% maturation wrong the past 7 days.

NFT income connected Ethereum dominates 

Per cryptoslam.io data, NFTs connected the Ethereum blockchain had the lion’s stock of the sales. Sales connected this blockchain totaled $2.45 billion, and it was majorly dominated by NFT projects similar Meebits, which had $1.23 cardinal successful sales, 574 buyers, and implicit 2000 transactions.

NFT income connected lesser-known blockchains similar Theta, Wax, and Flow besides increased. Data shows that income connected Theta blockchain roseate by implicit 490%, which is the highest summation successful the past 7 days, portion that of Wax and Flow blockchain had a emergence of 17.10%, and 1.04%, respectively.

Notably, income connected much fashionable blockchains similar Solana, Polygon, and adjacent Binance Smart Chain were successful the reddish arsenic they depreciated by 36%, 11.5%, and 80%, respectively.

The apical NFT projects by sales

Aside from Meebits, different NFT projects that raked successful hundreds of millions see Loot which saw implicit $280 cardinal successful sales, and CryptoPhunksV2, which had implicit $140 cardinal successful sales.

Interestingly, much fashionable NFT projects similar Bored Ape Yacht Club, Mutant Ape Yacht Club, and PhantaBear saw their income diminution by implicit 20% each. However, they are inactive among the apical 10 arsenic they recorded income worthy $53 million, $33 million, and $31 million, respectively.

LooksRare income outpace that of OpenSea successful the past 7 days

While OpenSea has been the undisputed ascendant NFT marNFTketplace successful the sector, a caller marketplace is looking to rival it now.

LooksRare, the recently launched NFT marketplace, saw its sales statistic for the past 7 days bushed that of OpenSea.

According to disposable data, the caller level had $444 cardinal successful income portion OpenSea saw astir $120 cardinal successful sales. The third-largest NFT marketplace successful the erstwhile week was Solana-based Magic Eden which had astir $8 cardinal successful sales.

It should beryllium noted that contempt the awesome fig posed by LooksRare, it is inactive a agelong mode distant from OpenSea, which is soon acceptable to $15 cardinal successful full NFT sales.

Other marketplaces similar Axie Infinity are besides nearing astir $4 cardinal successful full sales, portion Magic Eden is besides inching person to the $1 cardinal mark.

The continued involvement of investors similar celebrities, accepted firms, and retail involvement is expected to proceed to thrust income successful the abstraction for the foreseeable future.