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 metrics.

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

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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.

What do you concentrate on this week’s NFT gross sales motion? Share your ideas and opinions about this topic within the feedback part beneath.

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