Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

• The most recent statistics point out an additional decline in non-fungible token (NFT) gross sales this week, displaying a 5.05% lower in comparison with the earlier week. Gross sales of NFTs reached $297 million, with Ethereum main the way in which this week. Ethereum’s gross sales amounted to $106 million, overtaking Bitcoin’s $70 million in gross sales over the identical seven-day interval.

Ethereum Leads in Weekly NFT Gross sales, Outperforming Bitcoin as Digital Collectibles Market Experiences General Decline

Gross sales of non-fungible tokens (NFTs) have seen a 5.05% lower from the earlier week, but there’s been an 82.40% rise in patrons and a 77.46% enhance in sellers. Not too long ago, Bitcoin had been main in gross sales, however Ethereum has now captured the main place with $106 million in NFT gross sales, marking a 28.15% enhance from final week. In the meantime, Bitcoin’s whole gross sales amounted to $70,367,439, reflecting a 35.25% downturn in line with cryptoslam.io metrics.

NFT gross sales between Jan. 13, 2024 to Jan. 20, 2024, in line with cryptoslam.io metrics.

Solana witnessed a 35.07% uptick in gross sales, reaching $59 million over the previous week. In distinction, Polygon skilled a downturn, with gross sales totaling $25.33 million, a 43.02% decline from the earlier week. Among the many high 5 blockchains for NFT gross sales, Avalanche loved a 22.13% enhance, culminating in $14.24 million in quantity. Arbitrum additionally stood out with a big 26.02% enhance, securing $3.27 million in NFT gross sales over the identical seven-day interval.

This week’s main NFT assortment was Solana’s Cryptoundeads, attaining $15.9 million in gross sales. Trailing behind was Bitcoin’s Uncategorized Ordinals, with a complete of $13.32 million in NFT gross sales, a lower of 41.53%. From the Bitcoin blockchain, solely two collections made it into the highest ten, with Bored Ape Yacht Membership (BAYC) and Cryptopunks additionally securing spots within the high ten rankings.

The best-priced NFT bought this previous week was “Lif3 V3 Positions NFT #9,” commanding a worth of $698K. Following intently was Polygon’s “Lif3 V3 Positions NFT #15,” which bought for $245K. In third place was Solana’s “Boogle #047,” which fetched $219K three days in the past. Moreover, notable gross sales have been noticed on the BNB, Bitcoin, and Move blockchain networks, with high-priced gross sales starting from $40K to $73K.

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