Weekly NFT Sales Continue to Slide, Google Trends Data Shows NFT Queries Down 45% in 30 Days

Following a lackluster week that saw non-fungible token (NFT) income gaffe by 29.35% past week, the past 7 days of NFT income person dropped further losing much than 7%. Out of 12 antithetic NFT-supporting blockchains, Solana was the lone gainer, successful presumption of NFT income during the past week.

NFT Sales Slip Lower Following Last Week’s Lackluster Market Action

While cryptocurrency markets person faced utmost volatility during the past 2 weeks, NFT sales, successful general, person felt the wrath of the storm. On February 16, Bitcoin.com News reported connected income sliding by 29.35% and 9 days later, NFT income are much than 7% little than the week prior.

Seven-day NFT statistic from this study stem from cryptoslam.io’s and dappradar.com’s recorded metrics. Over the past week, there’s been $546 cardinal successful NFT income volume, which is down 7.71% from past week’s NFT sales. Metrics bespeak that 307,508 NFT buyers transacted crossed 1,540,140 transactions.

Seven time NFT merchantability stats according to cryptoslam.io connected February 25, 2022.

Ethereum captured a large bulk of past week’s NFT income with $474.8 million, but that’s astir 3.51% little than the week before. Out of the apical 12 NFT blockchain platforms, Solana saw the lone NFT income summation retired of the bunch, jumping 3.03% higher implicit the past week.

The biggest losers this past week see Binance Smart Chain down 76.68%, and Avalanche down 54.56% successful presumption of play NFT sales. The postulation with the astir income this week according to cryptoslam.io, is 3landers with $40,828,994 successful sales. 3landers’ NFT income were followed by Tubby Cats ($35.9M), Invisible Friends ($32M), Mfer ($23.7M), and Bored Ape Yacht Club (BAYC) with $23,688,179 successful play sales.

Bored Ape #4580 Sells for $1.74 million, Google Search Queries for NFTs Fall After January’s High-Interest

The biggest merchantability during the past 7 days agone was Bored Ape #4580 for 666 ether oregon $1.74 cardinal astatine the clip of settlement. Bored Ape #4580 sold connected Opensea 5 hours agone and beneath that costly merchantability was different BAYC NFT. Bored Ape #1837 was sold 13 hours agone for $1.5 cardinal oregon astir 569 ether.

Dappradar.com’s statistics bespeak that Opensea was the apical NFT marketplace, successful presumption of income past week. Opensea’s income were followed by the markets Looksrare, Bloctobay, Ronin’s Axie Infinity, and Solana’s Magic Eden.

Over the past 7 days, the apical 5 blockchains, successful presumption of NFT income volume, included Ethereum, Solana, Ronin, Flow, and Avalanche. Flow’s Bloctobay seven-day stats bespeak NFT income are up 215.66% with $73.78 cardinal successful play sales.

Worldwide Google Trends (GT) information shows hunt queries for the word “NFT” person slid 45% successful 30 days. Screenshot taken connected February 25, 2022.

However, worldwide Google Trends (GT) information shows that involvement successful NFTs has slid, arsenic acold arsenic radical searching the word “NFT” connected the internet. During the 2nd week of January, the hunt query NFT tapped a 100, which is the highest inclination people a query tin get connected GT. This week, worldwide GT data shows that the hunt query NFT has an wide people of 55.

What bash you deliberation astir play NFT income slipping by much than 7% since past week? What bash you deliberation astir the involvement successful NFTs waning since mid-January? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bored Ape #4580, Bored Ape #1837

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